Polysilicon prices rose by 37% in July, and the association denied the online rumors of a "purchasing and storing" plan.

In July, the price of polycrystalline silicon has cumulatively increased by 37%, but demand has not substantially recovered. This year, the annual production capacity of polycrystalline silicon may be reduced to 2.3 million tons, and the industry still faces a large pressure to destock. According to calculations by reporters, the cumulative price increase of polycrystalline silicon in China in July is about 36.92%. However, compared to previous weeks, the price increase of polycrystalline silicon this week has significantly narrowed. The Silicon Industry Association believes that for most of the current silicon material companies, large-scale transactions have not yet been achieved. In other words, the current rebound in the price of polycrystalline silicon does not represent a substantial recovery in silicon material demand. On July 29th, there was news within the industry that a closed-door meeting of the polycrystalline silicon industry was officially held in Beijing. Top executives of many polycrystalline silicon companies across the country gathered to discuss the previously rumored "stockpiling" plan and reached a basic consensus. A senior executive of a polycrystalline silicon company confirmed to reporters that this did indeed happen, but a comprehensive integration plan has not yet been formed. However, on the evening of July 29th, the China Photovoltaic Industry Association urgently issued a statement clarifying: "Recently, some self-media outlets have released news about the anti-circular economy in the photovoltaic industry, especially in the area of polycrystalline silicon, which is severely inconsistent with the actual situation! Please do not believe or spread rumors!"