DBM Weekly Review: Silicon Materials Rise by More than 30% to Break the Deadlock, and the Sustainability of Reversal Remains to Be Observed (2026.9.24)

Looking ahead to this week (9.28-9.30), the focus of the market will turn to the sustainability of pre-holiday stock and the pre-landing situation of silicon material enterprises. In the short term, the upstream price will be strong, and the supply of low-price goods will gradually decrease, but the downstream silicon wafer inventory is sufficient, and the willingness to take goods at high prices is weak. It is expected that the spot will be dominated by interval shocks, and the futures will fluctuate repeatedly with the spot sentiment.

2026-09-28 16:56:32

Looking ahead to this week (9.21-9.24), it is expected that futures will continue to fluctuate in a wide range and spot quotations will remain stable.

2026-09-21 14:06:17

Futures and spot are expected to continue the pattern of wide shocks, and spot relies on cost support to support the bottom, but the transaction is difficult to improve significantly.

2026-09-15 11:47:50

It is expected that this week (9.7-9.11) polysilicon futures and spot will continue to fluctuate in a wide range. In the short term, the fundamentals will give way to the expectation of production reduction. The spot quotation has cost support, or is stable and strong, but it is difficult to have a significant volume of transactions.

2026-09-07 15:53:15

In the short term, the game between policy sentiment and excess reality will continue. It is expected that polysilicon futures will maintain a wide range of volatility this week (8.31-9.4). Spot quotations are easy to rise and difficult to fall, but it is difficult to have a significant volume of transactions.

2026-09-02 11:36:25

Short-term self-discipline is difficult to quickly reverse the pattern of weak supply and demand. It is expected that polysilicon futures will maintain a wide range of volatility next week (8.24-8.28), and spot will be mainly stable.

2026-08-24 17:14:04

The short-term market is still in the seesaw stage of the game between industry self-discipline expectations and high inventory and weak demand. It is expected that polysilicon futures will continue to fluctuate in a wide range next week, while the spot market will remain relatively stable. The follow-up needs to focus on tracking the actual implementation effect of the proposal, the follow-up of spot transactions and the changes in the production schedule of the downstream industrial chain.

2026-08-17 15:49:12

This week, affected by the continuous fermentation of the policy, futures prices rose sharply, closing prices rose 12.1% from last week, spot prices rebounded, but the basis continued to widen, reflecting the reality that the fundamentals are still weak. Due to the increasing hedging pressure after the rise of futures prices, if the follow-up favorable policies fall short of expectations, the market may still return to reality, while the spot may continue to fall.

2026-08-10 15:16:48

It is expected that spot prices will continue to be weak and volatile next week (8.3-8.7), and futures prices will rise.

2026-08-04 13:40:34

It is expected that spot and futures prices will continue to fluctuate weakly next week (7.27-7.31). Without large-scale production cuts or substantial recovery in terminal demand, it will be difficult for the market to get out of the rising trend.

2026-07-27 16:56:23

On the whole, the logic of supply and demand mismatch and high inventory suppression has not been reversed, and polysilicon prices are expected to remain weak and volatile next week (7.20-7.24).

2026-07-21 13:52:35

Last week, the average price of N-type polycrystalline silicon dense material was 31600 yuan/ton, down 1.56% on a month-on-month basis and 14.82% on a year-on-year basis; the average price of N-type granular silicon was 32000 yuan/ton, down 0.93% on a month-on-month basis and 9.86% on a year-on-year basis, and the mainstream silicon material price re-entered the downward channel.

2026-07-13 16:37:06

Last week, the average price of N-type polycrystalline silicon dense materials was 32100 yuan/ton, which was flat on a month-on-month basis and decreased by 7.49% on a year-on-year basis; the average price of N-type granular silicon was 32300 yuan/ton, which was 0.62% on a month-on-month basis and decreased by 2.12% on a year-on-year basis, and the price of mainstream silicon materials fluctuated weakly.

2026-07-07 11:35:15

Last week, the average price of N-type polycrystalline silicon dense materials was 32100 yuan/ton, which was flat on a month-on-month basis and decreased by 6.69% on a year-on-year basis; the average price of N-type granular silicon was 32500 yuan/ton, which was down by 1.52% on a month-on-month basis and 1.52% on a year-on-year basis, and the price of mainstream silicon materials fluctuated weakly.

2026-06-30 16:19:00

Last week, the average price of N-type polysilicon dense materials was 32100 yuan/ton, down 3.02% on a month-on-month basis and 6.69% on a year-on-year basis; the average price of N-type granular silicon was 33000 yuan/ton, down 1.49% on a month-on-month basis and flat on a year-on-year basis, and the price of mainstream silicon materials continued to decline.

2026-06-22 10:57:46

Last week, the average price of N-type polycrystalline silicon dense materials was 33100 yuan/ton, down 0.9% on a month-on-month basis and 9.81% on a year-on-year basis; the average price of N-type granular silicon was 33500 yuan/ton, down 1.47% on a month-on-month basis and 2.9% on a year-on-year basis, and the price of mainstream silicon materials continued to decline.

2026-06-16 13:18:41

Last week, the average price of N-type polycrystalline silicon dense materials was 33400 yuan/ton, down 0.89% on a month-on-month basis and 10.93% on a year-on-year basis; the average price of N-type granular silicon was 34000 yuan/ton, down 0.87% on a month-on-month basis and 1.45% on a year-on-year basis, and the price of mainstream silicon materials continued to decline.

2026-06-08 15:24:57

Last week, the average price of N-type polycrystalline silicon dense materials was RMB/ton 33700, down 3.64% on a month-on-month basis and 10.13% on a year-on-year basis; the average price of N-type granular silicon was RMB/ton, flat on a month-on-month basis and slightly down 0.58% on a year-on-year basis, and the price of mainstream silicon materials continued to decline.

2026-06-02 14:01:15

Last week, the average price of N-type polysilicon dense material was 0.17 million yuan/ton 34973, down 2.85% on a month-on-month basis and 9.4% on a year-on-year basis; the average price of N-type granular silicon was 0.34 million yuan/ton, flat on a month-on-month basis and down 4.72% on a year-on-year basis, and the mainstream silicon material price re-entered the downward channel after a month of consolidation.

2026-05-25 15:29:41

Last week, the average price of N-type polycrystalline silicon dense materials was 36,000 yuan/ton, which remained stable on a month-on-month basis and decreased by 6.74% on a year-on-year basis; the average price of N-type granular silicon was 34,300 yuan/ton, which was flat on a month-on-month basis and decreased by 4.72% on a year-on-year basis.

2026-05-18 15:35:48

Last week, the price of silicon materials remained stable for nearly one and a half months, and the average price of N-type silicon materials and N-type granular silicon was flat. Polysilicon production is reduced and inventory is slightly reduced, but demand is weak. Demand for components is low and prices are under downward pressure. Industrial silicon has stopped falling and stabilized, and is expected to be stable and strong in the short term. Polysilicon inventory is high, the price is weak and difficult to fall significantly, and it is in a stalemate. Prices of silicon wafers and batteries have fallen, and enterprises plan to reduce production. The principled terms of polysilicon storage have been agreed, which will be conducive to the stability of the industrial chain, alleviate the debt risk of related companies and provide reference for other industries.

2025-11-10 11:40:26

Last week, the price of silicon materials showed different performances. The average price of N-type silicon materials and N-type granular silicon was stable and rose year on year. The inventory of polysilicon rose, and the price depended on the price of enterprises. In terms of photovoltaic modules, some prices are loose, new orders are insufficient, and market demand is weak. The price of industrial silicon has stopped falling and stabilized, and demand is still weak. The inventory of polysilicon manufacturers may rise further, and the start-up rate of enterprises is stable, which does not exclude the reduction of start-up and stable prices. Silicon enterprises should adjust the production rhythm. The polysilicon storage platform has made progress, but the landing is slow, and it needs to be approved by the relevant departments.

2025-11-03 13:11:20

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 on a month-on-month and year-on-year basis. The price of polysilicon was raised, but the high price was less, and the downstream demand was weak. The price index of photovoltaic modules is mostly flat or slightly down, with weak demand, high inventory pressure and stable prices. The price of industrial silicon is temporarily stable after falling, the supply is sufficient and the production of polysilicon is expected to be reduced. The policy puts forward the target of revenue growth of electronic information manufacturing industry and guides the high-quality development of photovoltaic industry. The price of polysilicon continues to rise, the downstream is difficult to digest, and the market may face "monopoly doubts".

2025-09-08 14:05:44

Last week, the average price of N-type silicon materials and N-type granular silicon rose annually, while the price of polysilicon raw material industrial silicon continued to fall, a small amount of silicon wafer factories were stocked, the industry inventory was high, and the price of polysilicon enterprises was high. The price of TOPCon modules is stable, but the demand is cold, the inventory is rising, and the price index of HJT double-sided 210 photovoltaic modules is rising. The price of industrial silicon has fallen for two consecutive weeks, and the price of polysilicon is strong. In September this year, the demand for batteries and components increased seasonally or was lower than in previous years, and the downstream market was cautious. Short-term replenishment supports the price of polysilicon, but the impulse of enterprises to resume production and expand production is still there, or pressure on the downstream, suggesting that the downstream should be alert to risks.

2025-09-01 17:44:20

Last week, the average price of N-type silicon materials and N-type granular silicon was flat, while the market demand for polysilicon did not improve and the inventory rose. The price index of photovoltaic modules has risen and flattened, and the supply is sufficient, but the quotation of first-line manufacturers has been raised. The price of industrial silicon has been restored, but the demand is still insufficient, and the price of silicon wafers is temporarily stable. Polysilicon enterprises are more willing to increase production, but the space for substantial production reduction is low, and it may be weak and stable in the later period. Overseas polysilicon production capacity continues to grow, domestic polysilicon has entered the ceiling of growth, and the price of polysilicon may fluctuate in the short and medium term.

2025-08-18 19:07:11

Last week, the average transaction price of N-type silicon materials was 67,800 yuan/ton, down 0.29% on a month-on-month basis; the average transaction price of monocrystalline dense materials was 60,500 yuan/ton, flat on a month-on-month basis, down 75% on a year-on-year basis.

2023-12-25 14:01:48

Last week, the average transaction price of N-type silicon materials was 68,000 yuan/ton, down 0.15% on a month-on-month basis, maintaining a slight weakening trend, and the price was still not stable; the average transaction price of monocrystalline dense materials was 60,500 yuan/ton, down 1.63% on a month-on-month basis and 79% on a year-on-year basis.

2023-12-19 10:47:42