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On March 21, LONGi announced that 8 subsidiaries signed a long-order purchase agreement for polysilicon materials with 4 subsidiaries of Tongwei on the same day
According to the contract, the two parties will negotiate the price of silicon material on a monthly basis according to the market conditions and the pricing principles agreed in the contract
It is understood that LONGi and Tongwei are the largest companies in different links of the photovoltaic industry chain
With the successive release of new silicon material production capacity, the price of silicon material, which is still high and firm, will gradually decrease