This week, the silicon material market saw limited order volumes, with only a few low-priced orders completed. Due to significant production cuts, downstream companies have prioritized depleting existing inventories and delayed new purchasing plans, with reduced demand for high-quality dense and reprocessed materials. Additionally, granular silicon inventories remain low, keeping prices stable.
| Material | Average Price (CNY/kg) | Average Price (USD/kg) | Weekly Change (%) |
|---|---|---|---|
| N-type polysilicon | 41.7 | 5.86 | 0.00 |
| N-type granular silicon | 37.3 | 5.24 | 0.00 |
| Mono recharge | 36.4 | 5.11 | 0.00 |
| Mono dense | 34.5 | 4.84 | 0.00 |
| Mono popcorn | 31.4 | 4.40 | 0.00 |
According to industry sources, the number of companies undergoing maintenance or reducing capacity has increased to 15, with one company starting gradual production cuts this month. SNEC Consulting reports that production cuts in Sichuan and Yunnan will lead to a significant output decline this month, expected to drop by over 5%, with a slight reduction also anticipated at a base in Inner Mongolia. As stocking for the Chinese New Year approaches, silicon material inventories are expected to accelerate, with supply and demand gradually balancing.
In the silicon wafer sector, prices remained stable this week. With battery manufacturers actively clearing inventory, silicon wafer procurement has increased, leading to a slight decline in wafer inventories, with old stock being cleared more rapidly, reducing inventory pressure. November production plans show a general reduction in production from specialized companies, leading to a significant overall drop in output. Supported by cost, silicon wafer prices are unlikely to fall in the short term, and certain models may even see slight increases.
In the battery segment, prices remained stable this week. Driven by end-of-year delivery orders, short-term demand for certain battery cell models has rebounded, tightening supply and causing some battery manufacturers to raise order prices. With battery silicon wafer inventories at low levels, integrated companies have increased their purchases, and production plans have risen. Demand support suggests an upward trend in battery cell prices, but whether large-scale price hikes can continue will depend on acceptance in the module segment.
