Silicon material market has shown a stable trend this week, with silicon manufacturers holding firm on prices, according to Solarbe. Mainstream pricing remains strong. Although downstream polycrystalline pulling companies have shown interest in inquiries and replenishing stocks, the overall transaction volume has been relatively limited due to a lack of significant improvement in terminal demand.
| Material | Average Price (CNY/kg) | Average Price (USD/kg) | Weekly Change (%) |
|---|---|---|---|
| N-type polysilicon | 41.6 | 5.86 | 0.73 |
| N-type granular silicon | 37.3 | 5.26 | 0.00 |
| Mono recharge | 36.4 | 5.13 | 0.00 |
| Mono dense | 34.5 | 4.86 | 0.00 |
| Mono popcorn | 31.4 | 4.43 | 0.00 |
Additionally, market sentiment is cautious, with downstream companies adopting a cautious approach to procurement, mainly testing the waters with small orders. As a result, silicon prices are expected to remain relatively stable in the short term.
In the silicon wafer market, prices didn’t change much this week. Industry insiders report that after recent price hikes, the volume of signed orders has decreased. Notably, there have been no transactions for n-type 183mm wafers, and only a few essential orders have been placed for n-type 210R wafers.
Silicon wafer inventory has also significantly increased this week, surpassing 45GW. Combined with the decline in cell processing fees, the price increase faces substantial resistance. Since September, at least three leading pulling suppliers have begun to reduce production, with silicon wafer output expected to drop by more than 10% MoM in September.
According to Solarbe Consulting, domestic production of TOPCon cells in September is estimated at around 44GW, while production of heterojunction and BC cells totals approximately 3.3GW. The ongoing decline in downstream module prices has led to insufficient order volumes, weakening demand for solar cells and putting sustained pressure on prices. Additionally, some companies may face further production cuts or shutdowns due to operational pressures.
