Daqo New Energy rises on two long-term polysilicon supply deals in China

Daqo New Energy

30/11/2022 13:58

** Shares of polysilicon manufacturer Daqo New Energy Corp
 DQ.N  up 3.4% at $52.50 premarket 
    ** Daqo's subsidiaries sign two long-term high-purity
polysilicon supply agreements in China  urn:newsml:reuters.com:*:nPn1blyg9a
    ** Daqo's subsidiary Inner Mongilia Daqo will provide LONGi
Green Energy  601012.SS , the world's biggest producer of solar
panels, with 251,280 metric tonnes of polysilicon from May 2023
until Dec 2027
    ** Co's subsidiaries Xinjiang Daqo and Inner Mongolia Daqo
will provide another solar manufacturing company with 27,600
metric tonnes of polysilicon from Jan 2023 until Dec 2027
    ** Actual prices will be negotiated by all parties monthly
according to market conditions, says DQ
    ** As of Tuesday's close, Daqo stock up 26% YTD
 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))