Daqo New Energy reports 88.3% Q1 polysilicon sales plunge

8 articles · Updated · PV Tech · May 7

Production still rose to 43,402 metric tonnes from 42,181, while Daqo said Chinese directives against selling below cost and weak early-2026 demand hit sales.
The company plans to keep utilisation at 50-55% in Q2 and Q3, prioritising operating efficiency and product quality even as inventories build and quarterly results worsen.
The results highlight broader sector strain: Tongwei posted a RMB2.4bn loss and a 17.71% sales drop, while analysts say government-backed price measures have failed to solve overcapacity.

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