Polysilicon prices have continued their downward trend this week, with new data from the China’s Silicon Industry Branch highlighting the market’s challenges.
Polysilicon Prices
| Material | Average Price (CNY/kg) | Average Price (USD/kg) | Weekly Change (%) |
|---|---|---|---|
| N-type polysilicon | 40.00 | 5.50 | 0.00 |
| N-type granular silicon | 36.50 | 5.02 | 0.00 |
| Mono recharge | 36.10 | 4.97 | -1.10 |
| Mono dense | 34.30 | 4.72 | -0.87 |
| Mono popcorn | 31.20 | 4.29 | -2.80 |
N-type material prices have remained stable, while p-type materials have experienced declines, with mono popcorn seeing the largest drop at 2.80%.
Market Activity
Transaction volumes increased slightly this week, yet downstream demand remains uncertain. Manufacturers continue to adopt an on-demand purchasing strategy.
Feedback indicates that two companies are resuming normal production, while the number of companies undergoing maintenance or production halts has decreased to 13, with five fully stopping production, affecting approximately 100,000 tons of capacity.
June saw a total polysilicon production of 161,500 tons, a 19.21% decrease from the previous month.
Industry Trends
Solarbe Consulting reports no new polysilicon capacity expected to be released in July. Inventory levels will depend on production status, and the industry is entering a period of consolidation.
Some companies may restart production, while others face the risk of shutdowns. Leading companies continue to expand capacity, leveraging financial advantages to increase market share.
Other Segments
Silicon Wafers: Prices remained stable this week. June production was 51.31 GW, down 13.98% month-on-month. Two major companies plan to increase production in July, with expected output stabilizing at 50-52 GW.
Solar Cells: Prices continued to decline due to reduced downstream module orders. Some cell manufacturers are expanding production cuts to reduce inventory, with July output expected to drop to 50-51 GW, facing significant downward pressure.
Solar Modules: Prices also continued to decrease. In recent bids in China, top 10 companies have offered prices below 0.75 RMB/W. The trend of price reductions across the supply chain is expected to continue, with first-tier brands offering prices as low as 0.7X RMB/W.
Data from China’s National Energy Administration shows new PV installations reached 19.04 GW in May, up 47.6% year-on-year. From January to May, new installations totaled 79.15 GW, up 29.3%. Despite this growth, overall demand remains limited, potentially keeping module prices low.
