According to a report from the China Nonferrous Metals Industry Association’s Silicon Branch on April 8, statistics show that this week, the transaction price range for n-type polysilicon re-melting feedstock was RMB35,000–37,000 per ton, with an average transaction price of RMB36,000 per ton, marking a 1.37% decline from the previous week; The transaction price range for n-type granular silicon was RMB34,000–36,000 per ton, with an average transaction price of RMB35,000 per ton, marking a 4.11% decline from the previous week. The polysilicon market remained weak this week, with prices continuing to face downward pressure. Although the rate of decline has slowed slightly compared to previous periods, the overall downward trend has not yet been reversed. Market competition intensified this week, with downstream buyers strongly pushing for lower prices, while suppliers remained determined to maintain prices. Three to four companies signed new orders this week, with mainstream transaction prices still within the 35,000–36,000 RMB/ton range.

According to statistics from the Silicon Industry Branch, domestic polysilicon production in March reached 92,600 metric tons, a slight month-over-month increase of 9.7%. The top five companies accounted for 66,500 metric tons, representing 71.8% of the total. Based on April production schedules, with the exception of one leading company planning maintenance, most other firms are expected to maintain their current operating rates. Polysilicon production in April is projected to be between 85,000 and 86,000 metric tons, a decrease of approximately 8% from the previous month. From a supply-and-demand perspective, the expected contraction in supply during April is likely to be offset by a concurrent weakening in demand, making it difficult to effectively reduce industry inventories. The industry generally expects that current prices remain in a bottoming-out phase. After prices bottom out, the industry will still need to undergo a difficult “consolidation period” to alleviate cash flow pressures and fully digest inventories. Only when inventories are substantially reduced and supply and demand return to balance can the market hope to see a trend-based recovery.

As an integrated internet platform providing benchmark prices, on April 9, the benchmark price for polysilicon, as reported by SunSirs, stood at RMB36,666.67 per ton—a decrease of 10.57% compared to the beginning of the month (RMB41,000.00 per ton).

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