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Polysilicon futures rally by 60% in three weeks on rising expectations of consolidation

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China’s solar-grade polysilicon futures prices are surging, despite severe overcapacity in the industry.
On July 21, polysilicon futures on the Guangzhou Futures Exchange closed at RMB 49,105 per metric ton – marking a staggering 63% surge since late June.

Prices are now at their highest levels sin...