This week saw a significant volume of polysilicon transactions, though companies are progressing at varying rates in finalizing orders, with some still adopting a wait-and-see approach. It has been reported that there is a divergence in pricing among major polysilicon manufacturers, with some new orders reflecting widespread price increases, while others have maintained stable prices.
| Material | Average Price (CNY/kg) | Average Price (USD/kg) | Weekly Change (%) |
|---|---|---|---|
| N-type polysilicon | 41.0 | 5.73 | 1.49 |
| N-type granular silicon | 36.7 | 5.13 | 0.00 |
| Mono recharge | 36.1 | 5.04 | 0.00 |
| Mono dense | 34.3 | 4.79 | 0.00 |
| Mono popcorn | 31.2 | 4.36 | 0.00 |
According to the China Silicon Industry, wafer manufacturers have shown limited acceptance of the recent polysilicon price hikes, with most focusing on consuming their existing raw material inventories. Some have also reduced their production expectations, indicating a potential decline in polysilicon demand. However, companies with insufficient inventories are actively replenishing supplies and are somewhat willing to accept slight price increases.
On the other hand, polysilicon traders are actively stockpiling, with a significant surge in demand for purchases at higher prices. The markup for procurement currently ranges between CNY 3,000-5,000 per ton above downstream purchasing prices. Consequently, some manufacturers have begun to soften their stance toward traders, with expectations for increased supply to both futures and trading companies.
According to recent reports, the number of operational polysilicon manufacturing companies in China remains steady at 19, with 14 currently undergoing maintenance. August’s projected polysilicon output is estimated at around 135,000 tons, aligning with the production expectations for wafers. This suggests that the supply and demand for polysilicon may achieve a balance this month.
This week, wafer prices remained largely stable as companies actively worked to reduce inventories. Meanwhile, cell manufacturers maintained high production momentum. The China Silicon Industry forecasts domestic wafer production in August to reach 51-52GW, with cell production expected at 50-52GW and module production around 45GW.
In the module sector, prices also held steady this week, with some orders being delivered at slightly lower prices. Despite occasional rumors of price increases by leading manufacturers, information from Solarbe indicates that the downstream market remains skeptical, with limited premium for Top 10 brands. Solarbe suggests that module prices will likely stay at low levels throughout the year.
