What we have gotten is a rare 7% price decline in polysilicon which will now permeate through the rest of the supply chain. This is mostly likely caused by a couple new facilities coming online, further increasing the scale of overcapacity and causing manufacturers to find another sliver of profit margin which they could bear to do without. The price drop was especially stark for the high-quality N-type grade which is overrepresented in new facilities, at 12% in one week. In other news, China’s Chamber of Commerce for Machinery and Electronics has called for ‘disorderly and vicious competition’ in the solar industry to be avoided, predicting a decline in the installation pace growth rate worldwide in 2024. Given the scale…