--- title: "The main contract for polysilicon hits the limit up again! Is it a rebound from overselling or an improvement in demand?" type: "News" locale: "en" url: "https://longbridge.com/en/news/283302673.md" description: "On April 20th, the price of polysilicon futures surged significantly, with the main contract PS2606 rising by 9.00%. The market's expectations for the photovoltaic industry's \"anti-involution\" policy stimulated bullish sentiment. The Ministry of Industry and Information Technology and other departments held a meeting, emphasizing the need to regulate competition in the photovoltaic industry and promote high-quality development. Analysts pointed out that some major manufacturers plan to reduce production, which may lead to a contraction in supply and alleviate market pessimism. However, demand has not shown significant improvement, and subsequent inventory pressure may increase" datetime: "2026-04-20T06:14:08.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283302673.md) - [en](https://longbridge.com/en/news/283302673.md) - [zh-HK](https://longbridge.com/zh-HK/news/283302673.md) --- # The main contract for polysilicon hits the limit up again! Is it a rebound from overselling or an improvement in demand? On April 20th, polysilicon futures led the commodity market, with all contracts experiencing varying degrees of increase, most exceeding 7%. The main contract PS2606 was priced at 42,955 yuan/ton, up 9.00% from the previous trading day. Contracts PS2606, 2607, 2609, 2610, and 2611 all hit the daily limit. In terms of news, there has been new progress in the photovoltaic "anti-involution" work, raising market expectations for a new round of "anti-involution and capacity reduction," which has significantly stimulated bullish sentiment in the market. According to the Ministry of Industry and Information Technology, on April 17th, the Ministry of Industry and Information Technology, the National Development and Reform Commission, the State Administration for Market Regulation, and the National Energy Administration held a symposium on the photovoltaic industry to deploy work related to regulating competition in the photovoltaic industry. The meeting emphasized the need to thoroughly implement the work deployment of the Central Committee of the Communist Party of China and the State Council regarding the regulation of competition in the photovoltaic industry, to deeply understand the importance and urgency of addressing "involutionary" competition, and to solidly promote the "anti-involution" work in the photovoltaic industry. The meeting required strengthening departmental collaboration and coordinated efforts, continuously deepening the governance work of the photovoltaic industry, and fully promoting comprehensive governance related to capacity control, standard leadership, innovation-driven development, price enforcement, quality supervision, mergers and acquisitions, and intellectual property protection, to promote high-quality development of the photovoltaic industry. The China Photovoltaic Industry Association and relevant enterprises such as China Huaneng Group, China Datang Group, China Huadian Group, State Power Investment Corporation, China Energy Investment Corporation, and China National Nuclear Corporation participated in the meeting. Zhengxin Futures Research Institute analyzed that some large manufacturers plan to continue reducing production in April, increasing expectations for supply contraction. Coupled with previous rumors of "leading enterprises jointly limiting production and setting production quotas," this has appropriately corrected the previously extreme pessimistic sentiment in the market. Earlier, due to the failure of production reduction expectations and tightening regulations, the market once fell to near last year's mid-year low (with some contracts hitting new lows). Under the circumstances of industry-wide losses, the momentum for further declines has slowed, and the recent trend can be seen as a rebound from overselling. Industrial Futures research report believes that recent manufacturer inventory declines may primarily be shifting to the intermediate trading link rather than being digested at the end-user level. In May, some companies may delay production cuts or even increase production expectations. 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