--- title: "Polycrystalline silicon futures hit the daily limit! Photovoltaic installed capacity accounts for over 60%, export tax rebates officially canceled" type: "News" locale: "en" url: "https://longbridge.com/en/news/282519073.md" description: "The main contract for polysilicon futures hit the daily limit, reporting 34,770 yuan/ton, an increase of 9%. By the end of February, the installed capacity of renewable energy generation nationwide reached 2.381 billion kilowatts, accounting for 60.3% of the total installed power capacity in the country. The 9% value-added tax export rebate for photovoltaic products will be officially canceled on April 1, putting survival pressure on photovoltaic manufacturers and accelerating industry consolidation. It is expected that by 2026, in the photovoltaic industry chain, the prices of silicon materials and silicon wafers will decline, while the prices of modules will increase, benefiting the profits of related manufacturers" datetime: "2026-04-13T09:34:07.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282519073.md) - [en](https://longbridge.com/en/news/282519073.md) - [zh-HK](https://longbridge.com/zh-HK/news/282519073.md) --- # Polycrystalline silicon futures hit the daily limit! Photovoltaic installed capacity accounts for over 60%, export tax rebates officially canceled The main contract for polysilicon futures hit the daily limit, reporting 34,770 yuan/ton, an increase of 9%. According to a research report from Business Society on April 13, data from the National Energy Administration shows that by the end of February, the installed capacity of renewable energy power generation nationwide reached 2.381 billion kilowatts, accounting for 60.3% of the total installed power capacity in the country; the newly added installed capacity was 44.97 million kilowatts, accounting for 68.4% of all newly added capacity, among which the cumulative grid-connected capacity of wind and photovoltaic power reached 1.883 billion kilowatts. The significant growth in renewable energy installed capacity indicates strong demand in the photovoltaic industry, directly boosting the demand for polysilicon in the spot market. Combined with the recent market conditions of polysilicon futures, demand expectations have strengthened. According to a research report from GF Securities on April 9, starting from April 1, the 9% export tax rebate on photovoltaic products will be officially canceled, which will completely deplete the relevant survival space for photovoltaic manufacturers, and the industry's clearing process is expected to accelerate. Strong overseas demand for photovoltaic modules is driving price increases, while domestic terminal demand remains low, and prices have shown marginal loosening. According to a research report from Bank of China International Securities on March 16, in 2026, within the main photovoltaic industry chain, the prices of silicon materials and silicon wafers are expected to decline, while module prices will rise, benefiting manufacturers in the module segment to realize profits. The module segment is expected to stabilize in 2026, and due to the rise in silver prices, the battery cell segment's structure is being optimized, with the introduction speed of base metals expected to accelerate. Industry chain and enterprise overview 1. Silicon Material Segment Tongwei Co., Ltd.: Engaged in the production of polysilicon materials, belonging to the production enterprises in the silicon material segment, with demand for related products changing alongside the growth of renewable energy installed capacity. Daqo New Energy: Engaged in the research and production of polysilicon materials, belonging to the production enterprises in the silicon material segment, participating in the supply of polysilicon raw materials. Xinte Energy: Engaged in the production and sales of polysilicon materials, belonging to the production enterprises in the silicon material segment, providing raw materials for the photovoltaic industry chain. 1. Silicon Wafer Segment LONGi Green Energy: Engaged in the production of monocrystalline silicon wafers, belonging to the production enterprises in the silicon wafer segment, processing silicon materials into silicon wafer products. TCL Zhonghuan: Engaged in the research and manufacturing of monocrystalline silicon wafers, belonging to the production enterprises in the silicon wafer segment, conducting large-scale production of silicon wafers. Sungrow Power Supply: Engaged in the production of monocrystalline silicon wafers, belonging to the production enterprises in the silicon wafer segment, completing the processing and transformation from silicon materials to silicon wafers. 1. Battery Cell Segment JinkoSolar: Engaged in the production of photovoltaic battery cells, belonging to the production enterprises in the battery cell segment, processing silicon wafers into battery cell products, with changes in silver prices affecting related segments. JA Solar Technology: Engaged in the research and production of photovoltaic battery cells, belonging to the production enterprises in the battery cell segment, manufacturing battery cells. Aiko Solar: Engaged in the production of photovoltaic battery cells, belonging to the production enterprises in the battery cell segment, focusing on the manufacturing of battery cell products. 1. Module Segment Trina Solar: Engaged in the production and sales of photovoltaic modules, belonging to the production enterprises in the module segment, packaging battery cells into module products, with current changes in module prices. LONGi Solar: Engaged in the research and manufacturing of photovoltaic modules, belonging to the production enterprises in the module segment, completing the production and assembly of module products. Canadian Solar: Engaged in the production of photovoltaic modules, belonging to the production enterprises in the module segment, providing photovoltaic module products Disclaimer: The market has risks, and investment requires caution. 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