China's Polysilicon Futures Debut on Guangzhou Exchange

On Thursday, China's Polysilicon Futures were launched on the Guangzhou Futures Exchange. Prices fell across the board at the midday break.

Seven contracts are available for delivery beginning in June 2025.

On Thursday, the price of the front month contract for June deliveries fell by half to 41 710 yuan (5 714.48 dollars) per metric tonne from its initial listing price of 44 000 yuan.

Trading volumes stood around 260,826 lots.

China is the largest producer of polysilicon in the world, which is a raw material for solar panels.

Launch of polysilicon futures comes at an important time for the Chinese solar industry, where a surplus has led to lower prices on solar modules and cells.

Ching Hong Tan is the chief engineer of Zenithnano in Guangzhou, a solar component manufacturer.

Solar panel manufacturers in China have called on the government to intervene and curtail over-investment, but the prices remain low. $1 = 7.2990 Chinese Yuan Renminbi (Reporting and editing by Sonia Cheema; Editing by Mei Mei Chu)

(source: Reuters)