Silicon Industry Branch: Weak Demand and Pressure on Prices, Polysilicon Market Maintaining Weak and Stable Situation

The silicon industry branch released a weekly review of polysilicon, according to statistics from Antaike, the transaction price range for n-type recycled polysilicon this week is between 49,000 yuan-55,000 yuan per ton, with an average transaction price of 53,200 yuan per ton, holding steady compared to the previous week. The transaction price range for n-type granular silicon is between 50,000 yuan-51,000 yuan per ton, with an average transaction price of 50,500 yuan per ton, holding steady compared to the previous week. The polysilicon market this week continued to show a weak supply and demand situation. The number of mainstream signing companies remains at around 5, but the transaction structure is showing differentiation. According to statistics from the silicon industry branch, the domestic polysilicon production in November is estimated to be around 114,900 tons, a significant decrease of 15.9% compared to the previous month. Looking ahead to December, based on the production plans of various companies, domestic polysilicon production is expected to remain below 120,000 tons, with a slight increase compared to the previous month, mainly coming from the maintenance and production recovery of enterprises such as Tongwei and the resumption of production by other enterprises. At the same time, the demand side is expected to be even softer, with silicon wafers, battery cells, and components planning to further increase production cuts to address high inventories and insufficient end demand. Therefore, with the relatively stable operating rate of silicon materials and an accelerated weakening of downstream demand, it is expected that the trend of polysilicon market accumulation in December will continue.