of N-type silicon materials is still relatively strong, as the inventory is also at a relatively low level, the price decline of N-type silicon materials is gradually narrowing.
I. Price Trend
of Silicon Materials Last week, the average transaction price of N-type silicon materials was RMB68,000/ton, down 0.15% on a month-on-month basis, maintaining a slightly weakening trend, and the price has not yet stabilized; the average transaction price of monocrystalline dense materials was RMB60,500/ton, down 1.63% on a month-on-month basis and 79% on a year-on-year basis. P-type silicon materials continued to fall more than N-type silicon materials, resulting in a widening of the N-P price gap.
Figure: Price Trend
of Monocrystalline Dense Material 
Data source: Digital New Energy DataBM. Com
II. Demand
Last week, the overall order size was gradually reduced, N-type demand was still strong, the transaction continued to be better than P-type silicon materials, and the downstream booking cycle was extended. With the further expansion of TOPCon production capacity, N-type silicon materials are expected to maintain a tight balance, and prices may take the lead in stabilizing. Downstream silicon wafer prices have not yet stabilized, while the market share of P-type silicon wafers is declining rapidly, enterprises are accelerating the production of N-type silicon wafers, maintaining a high operating rate to continue to support the next stage of market demand.
3. Price outlook
At present, domestic polysilicon production enterprises maintain a high operating rate. By the end of December, some enterprises will have new production capacity, the overall supply will increase, and P-type silicon materials are expected to continue to decline.
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