The trading volume in the silicon material market was relatively limited this week. Notably, some new entrants drove further downward trends in low-price ranges through small-batch, low-price transactions. Furthermore, due to extreme compression in downstream profit margins, the market’s procurement preference for silicon materials is shifting from dense materials to mixed-bag materials or other more economical options.
| 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 feedback from related enterprises, the number of enterprises under maintenance or reduced load remained at 14 this week, with one enterprise resuming partial capacity within the month and one newly commenced enterprise continuing to ramp up production. Solarbe Consulting data shows that silicon material production in October was approximately 133,600 tons, a decrease of 3.15% month-on-month. Some production capacity in Sichuan has entered reduced load operation this month, and November production is expected to decline further by about 5%. Currently, silicon material inventory remains high at about 350,000 tons. With continued shrinking downstream demand, downward pressure on prices intensifies.
In terms of silicon wafers, prices declined slightly this week. Solarbe Consulting data shows that silicon wafer production in October was 43.61 GW, a decrease of 1.58% month-on-month. With multiple silicon wafer enterprises announcing production reduction plans, November production is expected to drop to 41-42 GW. Driven by active shipments from downstream battery manufacturers, silicon wafer procurement has increased, leading to a slow digestion of silicon wafer inventory. Currently, silicon wafer inventory has declined slightly, and the balance between supply and demand is expected to improve, although minor price fluctuations cannot be ruled out.
In the battery sector, prices remained stable this week. Solarbe Consulting data shows that battery production in October was 51 GW. Recently, as silicon wafer prices approached the bottom, battery enterprises have been actively stockpiling, leading to an increase in production trends. Meanwhile, supplies of some battery models are tight, prompting manufacturers to actively raise quotes, which provides some support to market prices. However, the bargaining power in the battery sector remains insufficient, and actual transaction outcomes will depend on the acceptance of the module end.
