The trading of silicon materials in the market has entered its final stage this week, with only a few new enterprises signing orders, mostly for scattered transactions. As the year-end approaches, enterprises have largely completed signing orders before the holiday. Currently, silicon material enterprises are adopting a price-stabilization strategy, while downstream enterprises are adopting a wait-and-see attitude. The game between upstream and downstream enterprises is likely to continue until after the Spring Festival holiday.
| Material | Average Price (CNY/kg) | Average Price (USD/kg) | Weekly Change (%) |
|---|---|---|---|
| P-type polysilicon | 34.0 | 4.69 | 0.00 |
| N-type granular silicon | 39.0 | 4.88 | 0.00 |
| N-type recharge | 41.7 | 5.75 | 0.00 |
| N-type dense | 37.2 | 5.13 | 0.00 |
According to feedback from related enterprises, all silicon material enterprises in production in China are operating at reduced capacity this week. Notably, some second- and third-tier enterprises will gradually increase production in February based on production schedules. Recently, due to the continuous decline in market transactions and order signing, silicon material inventories have shown an upward trend. However, considering the upcoming Spring Festival holiday and the constraints of various factors such as the low-temperature environment in northern regions, it is expected that the overall production level will not change significantly in the next two months, and silicon material prices are expected to remain stable for a certain period.
Regarding silicon wafers, prices remained stable this week. Statistics from Solarbe Consulting show that silicon wafer production in January was approximately 46GW, with no significant change from December. As the Spring Festival approaches, downstream procurement has basically ceased, and market demand has suddenly decreased. Previously, silicon wafer enterprises expanded production scale, and it is expected that the operating rate of silicon wafers will slightly increase in February, with overall inventories showing a clear upward trend. Due to production reductions in downstream batteries and continuing declines in module prices, the increase in silicon wafer prices has lost support, and there is a possibility of price reversal and decline after the holiday.
In terms of batteries, prices remained stable this week. Recently, there has been a strong willingness to reduce production at the battery end, with some integrated manufacturers’ battery bases successively going on holiday, while most specialized battery manufacturers have maintained their operating rates. At the same time, market demand is weak, module procurement has slowed down, and battery inventory pressure has increased. It is expected that prices will remain stable in the short term. After the Spring Festival holiday, the market supply and demand pattern may be reshaped. All parties in the industry chain need to pay attention to changes after the holiday, seize opportunities, and adjust strategies to cope with a new round of market competition.
