“We believe the target from the government is just to end the price war, not to help the industry’s average selling price to recover,” said Dennis Ip, an analyst at Daiwa Capital Markets. “And we believe the market has not realised that.”
The nation’s polysilicon sector still needed a “critical stage” of deep adjustment and capacity liquidation, according to the China Silicon Industry Association, which provides data on prices. The group said the most expensive N-type material was priced at 37,100 yuan (US$5,169) per ton, the highest since June 4.
China’s Ministry of Industry and Information Technology also held a meeting with 14 solar companies last week, pledging to strengthen its guidance for the industry to help solve its “urgent problems”, according to a statement. The gathering, which was attended by Minister Li Lecheng, added to optimism about government measures to address overcapacity.
