This week, trading in the silicon material market has been relatively active, with some companies taking the lead in completing monthly contract signing, and low transaction prices have increased to varying degrees, reflecting the market’s reassessment of silicon material value. However, considering costs, profits, and industry self-discipline, some companies have begun consciously controlling order volumes. Overall, the silicon material sector is currently in a destocking phase, with actual effects yet to be verified over time, and most companies are adopting a wait-and-see attitude.
| Material | Average Price (CNY/kg) | Average Price (USD/kg) | Weekly Change (%) |
|---|---|---|---|
| P-type polysilicon | 34.0 | 4.64 | 0.89 |
| N-type granular silicon | 39.0 | 5.32 | 0.52 |
| N-type recharge | 41.7 | 5.69 | 0.48 |
| N-type dense | 37.2 | 5.08 | 0.81 |
According to feedback from related companies, all silicon material production enterprises in China are operating at reduced capacity this week. Based on production plans and current market conditions, this production status is likely to continue until the end of the first quarter. Recently, downstream silicon wafer enterprises have seen a rebound in demand for silicon materials after gradually depleting inventories, providing some support for prices. Against the backdrop of declining supply and stabilizing demand, silicon material prices are expected to have some upward room after the holiday.
Regarding silicon wafers, prices rose this week. In particular, n-type silicon wafer prices increased across the board, with the maximum increase exceeding 6%. Currently, silicon material enterprises are adhering to a high-price strategy, driving the center of gravity of silicon wafer prices to continue to shift steadily upwards. Downstream market procurement is in short supply, and many integrated enterprises have accelerated production increases under the stimulus of rising silicon wafer prices, with January production volumes already being adjusted upwards. Currently, silicon wafer inventories continue to decline slightly, and prices are expected to maintain an upward trend.
In the battery sector, prices also rose this week. Specifically, P-type monocrystalline 182 battery prices increased significantly by 10%, but actual demand was limited. HJT batteries remained stable due to a lack of transactions and are expected to show an upward trend next month. In addition, according to Sobee Consulting statistics, most battery bases plan to take turns resting during the Spring Festival, with some manufacturers halting production for three weeks for equipment maintenance and production line upgrades. It is expected that holiday arrangements will increase after the 20th. Due to downstream pre-holiday stockpiling, battery shipments have been smooth, and subsequent price trends will depend on upstream and downstream price movements.
