China-based polysilicon maker Daqo New Energy Corp. says Xinjiang business unit has signed long-term contracts with three Chinese photovoltaic wafer manufacturers to provide them with monthly supplies of polysilicon through December 2014.
According to the contracts, Xinjiang Daqo New Energy will provide over 70% of its output to the three customers. The selling prices will be discussed and decided based on spot market prices at the time.
‘As the solar PV industry starts to recover, we believe these types of long-term agreements will not only deliver great value to our customers but also pave solid ground for the further growth of our polysilicon facilities in Xinjiang,’ says Daqo New Energy CEO Gongda Yao.
