The photovoltaic industry has made fresh strides in its battle against cut-throat competition. On October 11, major photovoltaic players, including Tongwei Co., Ltd. and GCL-Poly Energy Holdings Limited, convened a closed-door session in Hangzhou. The agenda encompassed a range of topics, such as capacity management, establishing price floors for silicon materials and modules, and fostering mutual oversight among enterprises. In the wake of this meeting, the involved companies issued contrasting statements. One company corroborated the details discussed at the meeting, while the other clarified that the meeting did not delve into specifics regarding pricing. Earlier, in August, eight prominent domestic polysilicon companies had collectively endorsed an anti-cut-throat competition initiative. Presently, the spot price of silicon materials hovers near the rumored price floor, and the industry anticipates a roughly 12.9% month-on-month decrease in production volume for October. The leading companies' push for price stability remains subject to validation through shifts in supply and spot market transactions.