---
title: "The reason for the fluctuation in polysilicon has been found"
description: "On September 1st, the price of polysilicon futures on the Guangqi Exchange surged across the board, with the main contract PS2511 rising by 6.03% and PS2510 increasing by 5.69%. GCL TECH revealed two "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/255490383.md"
published_at: "2025-09-01T13:42:02.000Z"
---

# The reason for the fluctuation in polysilicon has been found

> On September 1st, the price of polysilicon futures on the Guangqi Exchange surged across the board, with the main contract PS2511 rising by 6.03% and PS2510 increasing by 5.69%. GCL TECH revealed two key pieces of information during its earnings briefing: first, the latest progress on the merger and acquisition plans for polysilicon companies, with clear information expected soon; second, the management's expectation for future polysilicon prices to be between 60,000 yuan/ton and 80,000 yuan/ton, believing that prices will continue to rise slightly while industry inventory will gradually decrease

On September 1st, the prices of polysilicon futures on the Guangxi Futures Exchange surged across the board. Among them, the main contract PS2511 closed with an increase of 6.03%, while the PS2510 contract also saw a closing increase of 5.69%. In terms of news, yesterday, polysilicon giant GCL TECH disclosed two key messages at its performance briefing. One was the latest progress on the merger and acquisition restructuring plan for polysilicon companies. GCL TECH's Chief Financial Officer Yang Wenzhong stated, "We believe that clearer information will be available soon regarding the reforms." He mentioned that it is necessary to first determine the capital expenditures the company needs to undertake in the merger and acquisition restructuring plan before deciding on the company's repurchase plan, in order to manage the company's cash flow effectively overall. The second message was the expectation for future polysilicon prices to operate in the range of 60,000 yuan/ton to 80,000 yuan/ton. GCL TECH's Co-CEO Lan Tianshi recalled that since July, regulatory authorities have strictly enforced sales not below the cost price, leading to a rapid recovery in polysilicon prices, which have now risen above the industry average cost line. The management anticipates that the inventory in the polysilicon industry will gradually decline, and prices will continue to rise slightly. There is a high possibility that future polysilicon prices will operate within the range of 60,000 yuan/ton to 80,000 yuan/ton. Yang Wenzhong also stated that with the increasing intensity of industry regulation and the promotion of orderly competition, the company can restore profitability around the end of August to September while maintaining the current price of granular silicon at over 40,000 yuan per ton, meaning profitability at the financial statement level

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.