This week (3.4-8), there was little change in the domestic polysilicon market, and the market remained stable after the holiday. According to the commodity market analysis system of Shengyishe, polysilicon saw a 0% increase and decrease in the week. At present, the mainstream range of single crystal dense materials with a model of first-class solar energy has slipped to 55-6000 yuan/ton.

On the supply side, the current operating rate is still high, and all large factories are operating, showing some pressure on the supply. On the one hand, mainstream large factories have stable production, coupled with the gradual release of new production capacity, achieving mass production, and domestic supply performance is abundant. However, due to the stable operating rate of downstream silicon wafers, there was no significant room for improvement after the holiday. Under the influence of downstream procurement slowdown, the shipment speed of manufacturers slowed down, leading to silicon material manufacturers starting to accumulate inventory. Although the current prices are running low, manufacturers are gradually showing a mentality of price support, and the factory prices are temporarily stable. However, the bargaining power of silicon material manufacturers may continue to weaken, and it is not ruled out that there is a possibility of a long-term decline,

From the perspective of downstream silicon wafers, this week’s silicon wafer quotation remains unchanged from last week’s price. The operating load of silicon wafer enterprises remains at the previous level, and currently there is significant inventory pressure, mainly due to the backlog of inventory from manufacturers in the early stage, coupled with downstream battery manufacturers stopping work and taking holidays, resulting in an oversupply situation. But currently, manufacturers are still raising prices, and the price of silicon wafers is mainly stable. The mainstream transaction price of P-type M10 silicon wafers remains stable at 2.05 yuan/piece; The mainstream transaction price of P-type G12 is 3.00 yuan/piece; The mainstream transaction price for N-type M10 silicon wafers is 2.00 yuan/piece; The mainstream transaction price for N-type G12 is 3.10 yuan/piece.

From the perspective of terminal demand, the quotation for battery cells remains basically unchanged. Due to the weakening downstream demand, the production of P-type battery cells has basically ended. Component prices continue to hang upside down. This week, components have been affected by the sluggish terminal installation, and prices have remained sluggish. The photovoltaic industry chain has maintained a pattern of oversupply.

Market forecast: Polycrystalline silicon analysts from Business Society believe that the upstream supply pressure of the photovoltaic industry chain may gradually become prominent, but the demand for installed capacity is still low. The upstream and downstream of photovoltaics will continue to remain sluggish, and the price of silicon materials is still difficult to improve in the short term.