Daqo New Energy Polysilicon Average Selling Price Was $7.97/kg In Q4 2023; Polysilicon Production Volume Was 61,014 MT In Q4 2023, Compared To 57,664 MT In Q3 2023, And Polysilicon Sales Volume Was 59,906 MT In Q4 2023, Compared To 63,263 MT In Q3 2023
Portfolio Pulse from Benzinga Newsdesk
Daqo New Energy reported a polysilicon average selling price of $7.97/kg in Q4 2023. The production volume increased to 61,014 MT from 57,664 MT in Q3 2023, while sales volume decreased to 59,906 MT from 63,263 MT in the same period.

February 28, 2024 | 11:51 am
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Daqo New Energy's Q4 2023 report shows a polysilicon average selling price of $7.97/kg, increased production but decreased sales volume.
The increase in production volume indicates operational efficiency and potential for future growth, which could be positive for the stock. However, the decrease in sales volume could signal a demand issue or inventory buildup, potentially offsetting the positive impact of increased production. The stable selling price suggests a steady market but doesn't necessarily drive a strong positive or negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100