Tongwei Co., Ltd. announced on the evening of May 10 that six subsidiaries of the company recently signed sales contracts for high-purity crystalline silicon products with LONGi Green Energy and its nine subsidiaries, agreeing that during the period of 2024-2026, LONGi will purchase a total of no less than 862,400 tons of polysilicon products from Tongweifang.
Specifically, the purchase price of both parties is determined through negotiation on a monthly basis. Based on the average transaction price of 45,300 yuan/ton of domestic N-type materials announced by the Silicon Branch of China Nonferrous Metals Industry Association in the latest period (May 8, 2024), the total amount of this contract is expected to be about 39.1 billion yuan (tax included). Tongwei said that the signing of this contract is conducive to the stable sales of the company's polysilicon products, in line with the company's future business plan, and has a positive impact on the company's operating performance.
The signing of a large polysilicon order between Tongwei and LONGi is not the first time that the two parties have cooperated. According to Tongwei's previous announcements, the company signed major sales contracts of 55,000 tons and 203,600 tons of high-purity crystalline silicon with LONGi Green Energy in 2018 and 2022 respectively.
Not long before Tongwei signed this long-term polysilicon order with LONGi, GCL Technology also announced that it had signed a three-year long-term agreement with LONGi Green Energy to purchase 425,000 tons of polysilicon (granular silicon). The signing of the "Tianliang" long order between Tongwei and LONGi also indicates that the cooperation between the two parties will continue to be deepened, and responds to the outside world's doubts about the impact of the cooperation between the two sides on granular silicon.
Text丨Zhong Xinyuan
End
Welcome to share it with your friends! Produced by | China Energy News (ID: cnenergy) Editor丨Yang Xiaoran