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Daqo New Energy Corp signs two-year framework contract

Monday, 16 Dec 2013 07:17am EST 

Daqo New Energy Corp:Says a subsidiary, Xinjiang Daqo New Energy Ltd, signs a two-year spot-price polysilicon supply framework contract with a solar PV company.According to the terms of the agreement, Xinjiang Daqo will supply polysilicon on monthly basis beginning Jan. 2014 through Dec. 2015.The contract will account for about 20 pctof Xinjiang Daqo's polysilicon capacity in 2014, and 15 pct in 2015 The selling prices will be discussed and decided based on spot market prices at the time. 

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