Reported about 23 hours ago
China introduced its first polysilicon futures on the Guangzhou Futures Exchange, aimed at mitigating severe price fluctuations in the solar manufacturing market. The initial trading session saw prices for the June contract surge to the upper limit of 44,000 yuan per ton, ending 7.7% higher at 41,570 yuan due to producers pledging output cuts. The polysilicon industry, facing a major surplus and nearly 90% price drop over two years, is responding by reducing output. The exchange aims to support clean technology and has previously succeeded with trades in other green materials.
Source: YAHOO