Daqo up on 6-year China polysilicon supply contract

Daqo New Energy

25/10/2022 18:25

** Daqo New Energy Corp  DQ.N  shares up 4.8% at $47.29
    ** DQ subsidiaries Xinjiang Daqo and Inner Mongolia Daqo
sign a six-year polysilicon supply agreement with a leading
solar manufacturing company in China  urn:newsml:reuters.com:*:nPnb64PxTa
    ** DQ will provide 432,000 metric tons of high-purity
mono-grade polysilicon from 2023 to 2028
    ** Co says actual prices will be negotiated by both parties
monthly, according to market conditions
    ** Polysilicon, a high-purity form of silicon, is a crucial
raw material in the solar photovoltaic supply chain
    ** Accounting for session gains, co's shares up 17% YTD
 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))