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Daqo New Energy Corp's Subsidiary Signs Long-Term Contracts Of Polysilicon Supply

Thursday, 19 Sep 2013 06:30am EDT 

Daqo New Energy Corp. announced that its wholly owned subsidiary, Xinjiang Daqo New Energy Ltd., has signed long-term contracts with three Chinese wafer manufacturers to provide them with monthly supplies of polysilicon starting from September 2013 to December 2014. According to the contracts, from September 2013 to December 2014, Xinjiang Daqo New Energy will provide over 70% of its output to the three customers. The selling prices will be discussed and decided based on spot market prices at the time. 

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