This week is the first week after the holiday. Most companies have not yet started negotiating large quantities of orders. Currently, only a small number of low-price orders have been transacted. The overall market price remains pre-holiday for the time being. According to the perception of polysilicon companies, the current willingness to purchase downstream products is low, and they are still mainly focused on digesting early low-price purchase orders. Most of the newly signed orders are for on-demand purchases. Recently, some production capacities with price advantages have increased and resumed production, occupying a certain market share, exacerbating the price differentiation in the silicon material market. In addition, due to the time requirements for product production in futures trading, some futures merchants may delay their purchase plans or replace purchased goods, which will delay the entry time of futures merchants and traders to a certain extent. To sum up, it is believed that the main reason for the recent stable price is that the monthly supply has reached an inflection point, silicon production has increased slightly, and the wait-and-see attitude of downstream procurement has intensified. Whether there will be a new round of increase in polysilicon prices should also be paid attention to the next centralized signing of orders.
As of now, the number of companies under maintenance or load reduction has been reduced to 13. One company is still expected to resume production this month, and one newly put into operation has ramped up its production capacity. According to statistics, polysilicon production in September 2024 was 138,000 tons, a month-on-month increase of 6.36%. There has been no significant increase in electricity prices in the southwest region in October, and companies are focusing on maintaining stable production schedules. It is expected that silicon material output will rise slightly by about 5% in October.
