DBM Weekly Review: Polysilicon Price Rise Weakens, Inventory Shows Rising Trend (2025.9.30)

Last week, the prices of silicon materials and photovoltaic modules showed different trends. The average price of N-type silicon materials and N-type granular silicon was flat on a month-on-month basis and rose on a year-on-year basis, while the inventory of polysilicon rose, and the short-term price was mainly stable. The price of photovoltaic modules is partly rising, the market is willing to raise prices, and the quotation is expected to rise under the leadership of the leader. The average price of Si4210 industrial silicon dropped slightly, and the price was relatively stable under the expectation of production reduction. In terms of supply and demand of polysilicon, the inventory has increased, the demand has not improved, the price depends on enterprises, the follow-up southwest or production reduction, the policy is also expected to regulate production capacity, and the overall price is relatively strong.

2025-10-20 18:25:53

Last week, the prices of silicon materials, photovoltaic modules and industrial silicon showed different performances. The average price of N-type silicon materials and N-type granular silicon rose annually, but the increase was weakened due to the decrease of downstream purchases and the increase of enterprise inventory. The price of PV modules is generally stable, and some enterprises are bullish on the future market, but the demand for downstream power plants is weak, the price transmission needs to be verified, and the peak season of installation in the fourth quarter may help to raise the price. The price of industrial silicon has been rising for four consecutive weeks, and the cost of dry season is expected to provide support. The price of polysilicon rose, but it was suppressed by the rising inventory, and the reduction of production in October affected the follow-up price, with limited changes in the short-term supply side.

2025-09-30 10:46:43

Last week, the price of silicon materials showed an upward trend, the average price of N-type silicon materials and N-type granular silicon rose annually and year-on-year, the price of polysilicon rose, and corporate profits are expected to improve. The price of photovoltaic modules is relatively stable, which is difficult to rise due to the drag of demand, and the downstream cost pressure is rising. The price of industrial silicon rebounded, and the price of silicon wafers and batteries was affected by the rising price of polysilicon. In August, the production of photovoltaic cells increased and exports were strong. The polysilicon industry is "anti-involution", the policy supports the price, and the new energy consumption standard will help clear the backward production capacity.

2025-09-22 17:36:48

Last week, the price of N-type silicon materials and granular silicon rose on a month-on-month basis, the inventory of polysilicon rose, and the price of small single transactions rose, but there was no market. The price index of photovoltaic modules is flat or falling, and the market demand is light. The average price of industrial silicon is weak and stable, and the price of silicon wafers is stable. Despite the high price of polysilicon, there is a risk of excessive speculation in the market. Affected by the new installed capacity data, the demand for PV installed capacity in the later period will shrink significantly year-on-year, and the price trend of polysilicon will be affected by downstream acceptance and cost changes.

2025-08-25 15:03:45

Last week, the average price of N-type silicon materials and N-type granular silicon was flat, the price of polysilicon rose gradually and the inventory rose, and the downstream purchases decreased. The price index of photovoltaic modules is partly flat and partly rising, but the market demand is weak and it is difficult to rise. The decline in industrial silicon prices increased, and the price of silicon wafers stopped rising. Due to the decrease of polysilicon cost and the increase of inventory, the spot price is facing challenges, the supply and demand do not match, although there are rumors of storage, it is difficult to land, and the follow-up price may return to decline.

2025-08-11 18:01:11

Last week, the prices of N-type silicon materials and N-type granular silicon rose annually, and enterprises raised their quotations, but downstream purchases were cautious, and the actual sales prices were different. The price index of photovoltaic modules rose in part and remained flat in part. The price of silicon industry is rising as a whole, the futures market is dominated by long funds, the risk of volatility is increasing, and the demand of spot market is to be confirmed. Downstream components and batteries have a certain increase. Dongfang hopes to deny selling polysilicon at a low price, and the market takes policy as the main axis, which requires further policy landing.

2025-07-21 14:20:05

Last week, the prices of N-type silicon materials and N-type granular silicon rose annually, but the actual turnover was small and some enterprises grabbed the volume at low prices, and the price sustainability after the rise was to be determined. The price of photovoltaic modules is generally stable, and the price increase has not formed a resultant force. Although the spot price of industrial silicon has risen, it lacks support to continue to rise, and its price fluctuation will affect the cost of polysilicon. Polysilicon inventory remains high and enterprises low-load production, this continuous rise or end, future enterprises will be mainly stable prices.

2025-07-14 19:03:18

Last week, the price of N-type silicon rose slightly and the price of N-type granular silicon was flat, but the inventory of polysilicon was higher and the demand was weak. The price index of photovoltaic modules mostly fell, demand was light, and leading enterprises cut prices to inventory. The average price of industrial silicon increased due to the reduction of production by large factories, but the demand did not improve. At present, the downstream market is still reducing prices, the price of silicon wafers is down, the demand for polysilicon is affected, and the price increase last week may only rebound. The Ministry of Industry and Information Technology will control the low price competition of photovoltaic and promote the withdrawal of backward production capacity.

2025-07-07 13:26:20

Last week, the prices of P-type monocrystalline dense materials, N-type silicon materials and N-type granular silicon were flat and fell year on year. Futures prices rose under the rumors of industrial silicon production cuts, but spot prices did not follow up, and demand was weak. The price index of photovoltaic modules is flat, and the price of weak demand is expected to decline. Rumors of production reduction of industrial silicon enterprises in Xinjiang remain to be observed, and there is no obvious feedback from the spot market. Polysilicon inventory is high, futures have not responded to spot, although futures rebound, but it is difficult to change the supply and demand pattern, spot prices are still weak and stable.

2025-06-30 14:10:57

Last week, the prices of P-type, N-type silicon materials and N-type granular silicon fell annually, the decline was significantly larger than before, the market demand was sluggish, and the sales pressure of enterprises was high. The price index of photovoltaic modules fell partly, the market demand was low, and the price of third-tier manufacturers was significantly reduced. The market of photovoltaic main materials was under downward pressure, the transaction of industrial silicon was weak, the demand for silicon wafers did not improve, and the price of silicon materials continued to fall. Although there are rumors that the Photovoltaic Association will limit production and guarantee prices, they have been refuted, and the industry may follow the market trend in the future.

2025-06-23 15:26:43

Last week, the prices of P-type monocrystalline dense materials and N-type silicon materials fell on a month-on-month basis, while the prices of N-type granular silicon materials were flat on a month-on-month basis, the stocks of silicon materials rose, and the demand did not improve, resulting in price pressure. The price of photovoltaic modules is generally stable, but there is downward space. Although there are signs of stabilization in the upstream and downstream of polysilicon, it is fragile, the demand for industrial silicon is weak, the downstream module battery market is weak, the demand for silicon materials is insufficient and the inventory is increasing.

2025-06-16 18:14:23

Last week, the prices of P-type, N-type silicon materials and N-type granular silicon were flat and fell year-on-year. The price index of photovoltaic modules was partly flat and partly down. Recently, there are signs of stabilization in downstream battery components and silicon wafers, but the market demand is not good, the price of component collection has fallen, and the wait-and-see sentiment is strong. The inventory of silicon wafer factories and silicon material factories is high, and the downstream has the power to lower the price. Industrial silicon has not stopped falling, it is still downward in the short term, and the downward space may be narrowed in the later period. The price of silicon materials is temporarily weak and stable, and it is difficult to determine the strength of enterprises to stop production.

2025-06-09 11:30:53

Last week, the price of P-type monocrystalline dense materials was flat, while the price of N-type silicon materials and N-type granular silicon fell. Polysilicon inventory is high, downstream purchasing is light, and the price of silicon materials is still under downward pressure. The overall price of photovoltaic modules has fallen, although some leading enterprises want to raise prices, but the trend of price increase is difficult to achieve. The price of batteries has been loosened and the price of silicon wafers has stabilized. Industrial silicon has not stopped falling, the cost side of silicon materials is under pressure, the current position may further decline, but the space is limited, enterprises tend to reduce production and stabilize prices, and the short-term market is weak and stable.

2025-06-03 11:18:27

Last week, the prices of P-type monocrystalline dense materials, N-type silicon materials and N-type granular silicon were flat and fell year on year. Polysilicon inventory is high, downstream purchasing enthusiasm is weak, and silicon material enterprises are expected to increase prices and production reduction. Photovoltaic module prices were partly flat and partly down. Downstream links have not stopped falling, and the willingness of silicon wafer and silicon material enterprises to support prices has increased. The price of upstream industrial silicon has fallen, and the contradiction between supply and demand has worsened in the wet season. Although there is a trend of price reduction in the silicon material sector, if there is no further consensus, there is still downward momentum.

2025-05-26 11:59:48