New supply deal for Polysilicon Manufacturer DAQO

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Chinese poly-silicon manufacturer DAQO has secured a long-term supply agreement with PV equipment provider and mono-crystalline wafer manufacturer Wuxi Shangji Automation. Under the terms of the agreement, the poly-silicon maker will provide Wuxi Shangji with 21,600-32,000 MT of high-purity mono-grade poly-silicon through 2022. “Actual prices will be negotiated by both parties on a monthly basis according to market conditions,” said DAQO. “As part of the supply agreement, Shangji will make an advance payment to DAQO New Energy.”