It attributed the loss — down from a $4.5m net profit a year earlier and $1.2m in the first quarter of 2015 — to a sharp decline in average selling prices (ASPs) of polysilicon from $18.09/kg in the first quarter of this year to $15.95/kg in the April-June period.

Last week,New York-listed Daqo revealed plans to invest roughly 620m yuan ($99.8m)