Once as high as 18%! The large price difference between the delivery price and the spot price of polysilicon has sparked heated discussions, and the Shanghai Futures Exchange has responded exclusively.

On December 23, Futures News reported that regarding the issue of the specifications of polycrystalline silicon delivery products, relevant responsible persons from Guanqi Exchange stated that the quality standards for polycrystalline silicon futures delivery are designed based on industry demand, and the relevant indicators are formulated based on national standards, with no situation of exceeding downstream product standards. Whether it is the benchmark delivery product or the substitute delivery product, they are both widely circulated varieties in the spot market, meeting the actual needs of downstream industrial customers. Currently, upstream companies in the industry generally have the production capacity for delivery products. Guanqi Exchange had organized a quality survey of polycrystalline silicon in 2024, conducting on-site sampling at 18 industrial factories. According to the test results, 67% of products in the industry meet the quality requirements of the benchmark delivery product, and 89% of products meet the quality requirements of the substitute delivery product. Addressing the issue of limited brands of polycrystalline silicon currently available for delivery, relevant persons from Guanqi Exchange emphasized that the batch setting of registered brands for polycrystalline silicon futures is mainly voluntary applications by registered brand companies. The polycrystalline silicon spot market itself faces a situation where the number of production enterprises is small and industry concentration is relatively high. From the perspective of production companies, the vast majority of them are already registered brands for polycrystalline silicon futures.