This week (10.26-30), the price of domestic polycrystalline silicon has been stable and falling. The domestic market and imported material prices have declined to varying degrees. According to the monitoring of the business agency, the price of polycrystalline silicon fell by 0.5% this week. The main reason is that with more and more enterprises returning to work, the supply side has changed from tight to abundant.

In October, domestic polysilicon market began to decline, this week is to continue the previous trend. In terms of supply, at present, the operating rate of domestic polysilicon manufacturers has rebounded. Up to now, about 11 domestic polysilicon manufacturers have maintained about 2 maintenance or load reduction start-up. The production capacity in Xinjiang has been restored, and the supply has slightly increased compared with the previous period. According to relevant information, Sichuan’s large-scale factories suffered floods before, resulting in unit shutdown. This week, the plant produced qualified materials Bring incremental supply to the market. At present, the inventory of most enterprises is on the high side at present, but the downstream manufacturers are also accelerating the process of digestion, and the signing of orders by enterprises continues, and large factories begin to sign new orders in November. This mainly depends on the stability just needed at present. At present, the upstream and downstream enterprises of silicon materials have been in the process of price game, superimposed on the increase of Korean OCI source of goods to Hong Kong, resulting in the supply of both domestic and imported showed a rising trend. The reason why the price did not fall sharply is that the demand of downstream is stable. According to the monitoring of the business agency, the domestic mainstream transaction price of polysilicon with the model of first-class solar material is 60000-65000 yuan / ton, and the price of polysilicon in non China area is 70000-73000 yuan / ton.

In the near future, the supply of polycrystalline silicon is relatively abundant, and the upstream and downstream stocks are gradually consumed in the price game. It is expected that the replenishment efforts of downstream manufacturers of silicon materials will continue in the later stage. However, whether the supply and demand can be balanced depends on the situation of terminals and exports. Due to the severe trend of overseas epidemic situation, it is expected that export may bring pressure, and the impact of foreign silicon material supply can not be ignored In this medium-term, polysilicon will inevitably fall into the situation of relative excess supply, and the price is easy to fall but difficult to rise.

Note: the above price is tax inclusive