This week, the polysilicon market has shown signs of recovery. As the end of the month and year approach, upstream and downstream enterprises have started negotiating and signing contracts in a concentrated manner. However, due to different signing strategies among enterprises, market transaction prices have become relatively chaotic, with some companies still in a wait-and-see or price-holding stance. Currently, the majority of orders are still under negotiation, with only a small number of orders closing at discounted prices. It is expected that there may be concentrated transactions next week, but as downstream demand remains low, the market still faces certain downward pressure on prices overall.
| Material | Average Price (CNY/kg) | Average Price (USD/kg) | Weekly Change (%) |
|---|---|---|---|
| N-type polysilicon | 40.7 | 5.86 | 0.00 |
| N-type granular silicon | 37.0 | 5.24 | 0.00 |
| Mono recharge | 40.7 | 5.11 | 0.00 |
| Mono dense | 36.4 | 4.84 | 0.00 |
| Mono popcorn | 31.4 | 4.40 | 0.00 |
According to feedback from relevant enterprise personnel, the number of enterprises undergoing maintenance or load reduction has decreased to 14 this week. This month, major manufacturers’ production bases have successively entered a stage of concentrated production cuts. Currently, the southwest region has entered a dry season, with electricity prices in some areas rising to annual highs. Coupled with increasing costs and inventory pressures, the production burden on enterprises has significantly increased. Based on production plans, polysilicon production in December is expected to fall below 100,000 tons, marking another sharp decline from the previous month. Notably, recent industry self-discipline meetings have been held frequently, which is expected to improve the polysilicon supply and demand structure and further accelerate industry clearance.
Regarding silicon wafers, prices remained stable this week. Following earlier adjustments, silicon wafer enterprises have continued to reduce production, improving the market supply and demand relationship. Shortages have even emerged for some specifications and models. Solarbe Consulting data shows that silicon wafer production in November is expected to be approximately 40GW. Meanwhile, due to the digestion of previous orders and production cuts, silicon wafer inventory further decreased this week. Recently, silicon wafer enterprise production plans have risen slightly, and with demand support, silicon wafer prices are expected to remain stable in the short term.
In the battery sector, prices rose slightly this week. With increased deliveries towards the end of the year, downstream procurement demand has significantly increased, and battery market supply has continued to tighten. Solarbe Consulting data indicates that battery enterprise production in November has increased, with a month-on-month growth of about 7%. Currently, inventory levels in the battery sector are relatively healthy. From the perspective of order demand, market expectations for December remain optimistic, and prices may continue to rise slightly in the short term.
