This week, trading in the silicon material market was limited, with enterprises mainly fulfilling early-stage orders. New post-holiday signings are still in the negotiation stage, and prices have shown no significant changes. Notably, current silicon material selling prices remain below the breakeven line for some suspended operations, making it economically unviable for them to resume production. Meanwhile, recent discussions within the industry about capacity clearance and regulation have heated up, and policy trends may become a key factor influencing future market movements.
| Material | Average Price (CNY/kg) | Average Price (USD/kg) | Weekly Change (%) |
|---|---|---|---|
| P-type polysilicon | 34.0 | 4.67 | 0.00 |
| N-type granular silicon | 39.0 | 5.36 | 0.00 |
| N-type recharge | 41.7 | 5.73 | 0.00 |
| N-type dense | 37.2 | 5.11 | 0.00 |
According to feedback from relevant enterprises, all operating silicon material enterprises in China this week were operating at reduced capacity. Statistics from Solarbe Consulting show that national polysilicon production in January was approximately 97,000 tonnes, and there was no significant adjustment in operating rates in February. As the new signing cycle begins in March, upstream and downstream price negotiations will enter a substantive stage. Currently, there are significant differences in market perceptions between leading enterprises and second- and third-tier enterprises, potentially leading to significant disagreements on future silicon material transaction prices.
In terms of silicon wafers, prices remained stable this week. Solarbe Consulting statistics indicate that silicon wafer production in January was 44.71GW, a decrease of 2.61% month-on-month, while February production plans showed a slight upward trend. Recently, downstream battery procurement has slowed, combined with subdued market trading, leading to a continuous accumulation of silicon wafer inventories and a further expansion in the month-on-month increase. This has resulted in insufficient upward momentum for prices, and they are expected to remain stable in the short term. If downstream demand fails to recover as expected, enterprises may consider temporary production cuts to balance supply and demand.
For batteries, prices also remained stable this week. Solarbe Consulting statistics show that battery production in January was approximately 41GW, a decrease of 10.9% month-on-month. Recently, battery enterprises have resumed production successively, with February production plans remaining largely unchanged. Currently, battery manufacturers are taking a wait-and-see approach, flexibly adjusting production schedules to respond to market changes, and prices are expected to remain stable in the short term. Additionally, with the official announcement of the new photovoltaic tariff policy, there is a strong possibility of a wave of installation activity before June this year, which will undoubtedly significantly boost domestic photovoltaic market demand, increase market activity, and provide strong support for upstream prices in the industry chain.
