Business Brief (Oct. 14): Leading Chinese Polysilicon Producers Agree on Price Floor

Published: Oct. 14, 2026 5:34 p.m. GMT+8

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Several leading Chinese polysilicon producers, including Tongwei Co. Ltd. and GCL Technology Holdings Ltd., held a closed-door meeting and agreed that the average tax-inclusive cost and sales price of silicon should not fall below 43,000 yuan ($6,425) per ton, according to media reports.

The silicon industry branch of the China Nonferrous Metals Industry Association expects the sector’s operating rate to drop to 35% in October, with production falling by about 13% month-on-month, which could help ease oversupply.

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Chinese polysilicon producers agreed silicon price floor at 43,000 yuan/ton in closed meeting.
Industry expects October operating rate at 35%, production down 13% month-on-month.
Securities Association clarified cross-border data rules; ByteDance set up AI safety unit.

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Who’s Who

Tongwei Co. Ltd.: Tongwei Co. Ltd. is a leading Chinese polysilicon producer. It held a closed-door meeting with GCL Technology and agreed that the average tax-inclusive cost and sales price of silicon should not fall below 43,000 yuan ($6,425) per ton, aiming to ease oversupply in the sector.

GCL Technology Holdings Ltd.: GCL Technology Holdings Ltd., a leading Chinese polysilicon producer, joined Tongwei in a closed-door meeting, agreeing that the average tax-inclusive cost and sales price of silicon should not fall below 43,000 yuan ($6,425) per ton. The China Nonferrous Metals Industry Association expects the sector’s operating rate to drop to 35% in October, easing oversupply.

ByteDance Ltd.: ByteDance Ltd. recently established a dedicated large language model safety unit to control risks associated with AI agents, as reported by Caixin. This initiative reflects the company's focus on managing AI-related challenges. No other details about ByteDance were mentioned in the article.

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What Happened When

2026：: Closed-door meeting held by leading Chinese polysilicon producers, including Tongwee Co. Ltd. and GCL Technology Holdings Ltd., agreeing that average tax-inclusive cost and sales price of silicon should not fall below 43,000 yuan ($6,425) per ton.

2026：: Securities Association of China clarified cross-border data transfer requirements for brokerages, stipulating impact assessments before transferring personal information overseas.

2026：: ByteDance Ltd. established a dedicated large language model safety unit to control risks associated with AI agents.

October 2026：: Silicon industry branch of the China Nonferrous Metals Industry Association expects sector's operating rate to drop to 35%, with production falling by about 13% month-on-month.

AI generated, for reference only