The silicon material market transactions were somewhat subdued this week as the market undergoes a new round of adjustment. Since December 10, several silicon material enterprises, including two industry leaders, have signaled price increases, and some downstream manufacturers have received the revised quotes. However, given the current supply and demand dynamics, these quotes are mostly exploratory actions by enterprises, and the likelihood of actual transactions in the short term is low.
| Material | Average Price (CNY/kg) | Average Price (USD/kg) | Weekly Change (%) |
|---|---|---|---|
| P-type polysilicon | 33.1 | 4.55 | 0.00 |
| N-type granular silicon | 37.0 | 5.08 | 0.00 |
| N-type recharge | 40.3 | 5.54 | 0.00 |
| N-type dense | 36.3 | 4.99 | 0.00 |
Feedback from relevant enterprise personnel indicates that almost all polysilicon enterprises were under maintenance or reduced load this week. Meanwhile, the number of production bases cutting production increased due to rising electricity prices. Solarbe Consulting’s statistics show that silicon material production in December is expected to further decline to around 95,000 tons. Notably, the current inventory level of silicon materials remains high at nearly 300,000 tons. Although inventories may continue to rise in the short term, with the in-depth implementation of production reduction measures and the gradual recovery of market demand, inventory pressure is expected to ease to some extent.
In the silicon wafer sector, prices rose slightly this week. Solarbe Consulting’s data shows that silicon wafer production in November was approximately 41.47 GW, a decrease of 4.91% month-on-month. Recently, silicon wafer production plans for December have been released, and due to increased production by some first- and second-tier enterprises, silicon wafer production has risen slightly, having a minor impact on overall inventory. With the gradual improvement of supply and demand relations, silicon wafer prices in December are expected to remain stable or rise slightly overall.
In the cell sector, prices remained stable this week. Solarbe Consulting’s data shows that cell cell production in November was approximately 50 GW, a decrease of about 2% month-on-month. As earlier orders are gradually finalized, cell demand has shown a downward trend recently, increasing competition between upstream and downstream players. cell production in December increased by 0.08% month-on-month, with HJT and BC production continuing to decline slightly, while TOPCon cell production increased slightly. Prices are expected to remain basically stable in the short term.
