Silicon Industry Association: Decline in polysilicon prices narrows, initial signs of recovery in transactions

According to Antaike statistics, this week the transaction price range for polysilicon N-type re-investment material was 34,000–36,000 CNY/ton, with an average transaction price of 35,300 CNY/ton, down 1.94% week-on-week; the transaction price range for N-type granular silicon was 34,000–35,000 CNY/ton, with an average transaction price of 34,300 CNY/ton, down 2.00% week-on-week. The activity in the polysilicon market picked up somewhat this week. According to the research, 5–6 enterprises placed new orders this week, and the overall volume of transactions increased significantly compared to the past few weeks. This positive shift in the market stemmed mainly from a change in downstream market sentiment: on one hand, after two and a half consecutive months of rapid polysilicon price declines, downstream enterprises generally believe that silicon material prices are nearing the bottom, with very limited room for further declines. Even if prices continue to adjust slightly later on, potential inventory devaluation losses are considered controllable, so some companies, aiming to “buy the dip,” have started to make tentative purchases or build small inventories. On the other hand, although prices continued to fall this week, the rate of decline narrowed compared to previous weeks, which somewhat eased market wait-and-see sentiment and prompted the release of some rigid demand orders.