Alan Hon's questions to DAQO NEW ENERGY (DQ) leadership • Q2 2025
Question
Alan Hon of JPMorgan Chase & Co. asked for an update on policy developments, specifically regarding the consolidation fund, and inquired about the polysilicon price outlook for the next three months given current supply, demand, and inventory levels.
Answer
Deputy CEO Anita Zhu responded, detailing a recent symposium where regulators reinforced the need to curb below-cost selling and are working towards a buyout SPV for outdated capacity. She stated that the price outlook depends on the rollout of this SPV but noted that recent module bid prices from China Huadian Corporation have increased significantly, which should positively impact the upstream polysilicon sector.