Silicon Industry Branch: Polysilicon prices eased this week, making it difficult to trigger transactions. The weak balance between supply and demand continues to consolidate.

The Silicon Branch of the China Nonferrous Metals Industry Association released a statement, according to Antaike's statistics, mainstream products of polycrystalline silicon had no transactions this week. The market continued to be dominated by a wait-and-see sentiment, with almost no large-scale transactions throughout the week. Only a very few companies reached small trial orders, with new contract volumes almost stagnant. Although some companies lowered prices to test the market, downstream purchasing intentions continued to be weak, mainly focused on digesting inventory and wait-and-see attitudes, without initiating replenishment due to price loosening, making it difficult to convert price adjustments into actual transactions. Looking ahead, with the approach of the Spring Festival and the traditional off-season of the first quarter, both domestic end demand and overseas component orders lack strong support. In addition, high prices of auxiliary materials such as silver paste also create pressure on cell costs. On the supply side, leading companies have actively implemented production stoppages and reductions, leading to supply contraction and providing some support to prices. However, the industry's high inventory levels have not been effectively reduced, and the continuing pressure on price increases remains. Overall, considering the balancing factors of supply contraction, weak demand, high inventory levels, etc., it is expected that the price of polycrystalline silicon will maintain a narrow and stable trend in the short term.