Chinese Solar Manufacturers Reportedly Set Price Floors and Capacity Controls

Industry Leaders Discuss Production Discipline

Leading Chinese solar manufacturers, including Tongwei and GCL, reportedly met in Hangzhou on October 11 to discuss further measures to address overcapacity and persistent price competition in the photovoltaic industry.

According to industry media reports, participants discussed market-based capacity controls, encouraging companies to adjust production in line with overall demand rather than continuing to expand output.

Reported Minimum Price Benchmarks

The meeting reportedly outlined the following price benchmarks:

Polysilicon: At least RMB 43,000 per tonne, including tax, based on average production costs.

BC modules: At least RMB 0.86 per watt.

TOPCon modules: At least RMB 0.79 per watt.

The proposed benchmarks reportedly apply not only to domestic sales but also to exports, third-party procurement and bidding activities.

Calls for Greater Market Oversight

Participants also reportedly proposed a mutual monitoring mechanism to encourage companies to report practices suspected of violating regulations against below-cost dumping or disrupting market order. The meeting further called for scrutiny of state-owned enterprises involved in procurement practices that intensify price competition.

Implementation Remains Key

The reported discussions reflect continued efforts within China’s solar industry to stabilize prices and improve supply-demand balance. However, the effectiveness of these measures will depend on how capacity adjustments are implemented and whether the proposed price benchmarks translate into actual market behavior.