On January 8, polysilicon futures witnessed a precipitous drop, hitting the daily limit with a 9% decline. Our reporter learned that a meeting summary circulating on the same day disclosed that on January 6, the State Administration for Market Regulation convened a session with the China Photovoltaic Industry Association and leading companies including Tongwei, GCL-Poly, and Daqo New Energy. The primary focus of the meeting was to highlight potential monopoly risks, propose corrective measures, and mandate their implementation by the participating firms. Several industry insiders, when approached, did not refute the authenticity of the meeting summary's contents. One enterprise representative stated that their company would rigorously comply with the directives of regulatory and competent authorities, undertake self-regulatory measures, and actively implement the national policy against "internal competition." Should there be a need for public announcements, they assured that these would be made promptly and truthfully. It was emphasized that all information should be based on official disclosures from the government and the companies themselves, in accordance with relevant laws and regulations.

Moreover, relevant analysts posited that the sharp decline in polysilicon futures might have been influenced by the content of the aforementioned meeting summary that circulated online. The analyst forecasted that the "anti-internal competition" initiative within the photovoltaic sector is poised for success, although there might be some strategic adjustments along the way. Polysilicon prices, they predicted, could revert to a marginal cost pricing model, facilitating a market-based equilibrium.