China Solar Sector: Improving supply discipline supports market rebalancing

Deutsche Bank published an industry update on the China Solar Sector, titled "Improving supply discipline supports market rebalancing." According to SMM, planned polysilicon production is expected to decline 20% MoM to 95.6kt in October, driven by ongoing discussions among producers on synchronized production cuts and the onset of the dry season, with utilization falling to about 29%. DB believes the industry's objective is likely to fully absorb excess inventories, currently around 0.3mn tonnes at polysilicon producers, by end-2027;