This week, the silicon material market has seen brisk trading, with December orders mostly signed by the middle of the month. Recently, enterprises have adopted distinctly different signing strategies: Leading enterprises have maintained a strong stance on price support, securing some orders with slight price increases, while others have facilitated transactions with minor price reductions based on market supply and demand, as well as their own inventory levels. Overall, driven by industry self-discipline and pre-holiday stockpiling, the market is expected to trend towards “low prices disappearing and high prices rising.”
| Material | Average Price (CNY/kg) | Average Price (USD/kg) | Weekly Change (%) |
|---|---|---|---|
| P-type polysilicon | 33.1 | 4.54 | 0.00 |
| N-type granular silicon | 37.0 | 5.07 | 0.00 |
| N-type recharge | 40.3 | 5.53 | 0.00 |
| N-type dense | 36.3 | 4.98 | 0.00 |
According to feedback from relevant enterprises, almost all polysilicon enterprises were under maintenance or reduced load this week. With manufacturers further intensifying production cuts recently, polysilicon output has gradually stabilized, but inventory remains relatively high. As the end of the year approaches, influenced by financial reporting pressures and weaker demand expectations for the first quarter of 2025, most polysilicon manufacturers aim to complete as many orders as possible before the year-end. Therefore, polysilicon prices may rise slightly in the short term, but the possibility of some orders being transacted at reduced prices cannot be ruled out.
Regarding silicon wafers, prices remained stable this week. Currently, large-size silicon wafer production lines generally plan to reduce output, but due to strong demand for 183N wafers, some enterprises are moderately increasing production of this specification. According to Solarbe Consulting data, production schedules for December are basically the same as those for November. Recently, the silicon wafer sector will witness a coexistence of production increases and cuts, while old inventory accelerates depletion. Overall, silicon wafer inventory levels are gradually returning to a healthy state, and prices are expected to remain stable.
In the battery sector, prices also remained stable this week. The rapid shift of battery production lines to larger sizes earlier led to tight demand for 183N batteries at the end of the year, and the temporary mismatch between supply and demand provided some support for battery prices of certain specifications. Additionally, recent battery production schedules have declined slightly, coupled with weaker downstream demand, resulting in a decline in shipments. Overall, battery prices are expected to remain basically stable in the short term.
