Eight silicon material companies have issued an initiative, and informed sources suggest there may be accompanying punitive measures.

Eight photovoltaic silicon material companies signed the "Initiative," committing to sell no lower than the fully loaded cost price, eliminating predatory pricing, and agreeing to self-inspect and accept supervision. Reporters noted that the current domestic silicon material transaction prices have significantly fallen below the aforementioned fully loaded cost price. Information released this week by the Silicon Branch of the China Nonferrous Metals Industry Association indicates that the domestic polycrystalline silicon market has overall entered a wait-and-see mode, with market transactions at a standstill. In the previous week, the average transaction prices for domestic N-type re-investment materials and granular silicon had already dropped to 32,000 yuan/ton and 31,000 yuan/ton, respectively. This also means that for silicon material transaction prices to rebound to the fully loaded cost price expected by the industry, the rebound would need to exceed 40%. One company executive who participated in signing the "Initiative" exclusively responded to reporters that major companies are actively implementing the recent meeting guidelines from the Ministry of Industry and Information Technology and the State Administration for Market Regulation, saying, "Everyone is participating voluntarily." The individual further revealed to reporters that after the release of the "Initiative," punitive measures may also be introduced to strengthen self-discipline.