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Stock impact report

Polysilicon Prices Forecast to Rise on Chinese Production Cuts [Yahoo! Finance]

DAQO New Energy Corp. American Depositary Shares, each representing five ordinary shares (DQ) 
Last daqo new energy corp. american depositary shares, each representing five ordinary shares earnings: 3/11 05:27 am Check Earnings Report
US:NYSE Investor Relations: dqsolar.com
Company Research Source: Yahoo! Finance
Most Read from Bloomberg The declines in production are being abetted by seasonal factors including a week-long public holiday in early October and drier weather reducing hydropower output and pushing up power costs, the association said in a statement on Wednesday. It didn't give a specific price forecast. Chinese polysilicon prices have tumbled 85% since mid-2022 due to a major build-out of factories that was far more than the market actually needed. There's been a modest recovery since late July, as companies started to dial back output. Daqo New Energy Corp., the No. 3 producer, cut its output guidance for 2024 after posting a massive first-half loss. China's world-leading solar manufacturing industry is going through a consolidation due to a severe glut, which has driven down prices across the supply chain, from polysilicon to finished panels. That's been a boon for clean energy deployment, with the world expected to hit another record this year, but it's causing major los Show less Read more
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