Daqo signed 41,000 MT polysilicon supply agreement with Zhonghuan Semiconductor

Chinese Daqo New Energy Corp., manufacturer of high-purity polysilicon for the solar PV industry, has signed a long-term supply agreement with mono-crystaline solar wafer producer Zhonghuan Semiconductor. The company will provide Zhonghuan with polysilicon in a total amount of 41,000 MT over three years from 2021 to 2023. Actual prices will be negotiated by both parties monthly according to market conditions. As part of the supply agreement, Zhonghuan will make an advance payment to Daqo New Energy.
Daqo's manufacturing facility in China currently has a nameplate annual polysilicon production capacity of 70,000 metric tons. Tianjin Zhonghuan Semiconductor Co., Ltd. is a listed company of Shenzhen Stock Exchange.

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