The number of polysilicon transactions this week was limited, and the number of n-type polysilicon transactions was 4 companies. Among them, the low-price range has a looser trend, while the high-price range remains stable for the time being. It is understood that it is now increasingly difficult for most companies to sign orders. On the one hand, this is due to the reduction in purchasing volume caused by another reduction in downstream operating rates. On the other hand, it is due to the fact that a few new companies have concluded small orders at low prices. At the same time, due to the extreme squeeze on downstream profit margins, the purchasing preference for silicon materials is expected to shift from dense materials to mixed packaging materials or other more economical products.
Polysilicon prices have potentially loosened this week, but the overall average price has remained stable, mainly due to the following considerations. We have just entered the dry season, and the production costs of some polysilicon in Sichuan, Yunnan, Qinghai and other places have increased due to adjustments in electricity prices, which has provided certain support for the stability of polysilicon prices. In addition, as the launch of polysilicon futures is approaching, some futures dealers are actively stocking up. Although the purchase volume is generally small, it also plays a certain supporting role in the high market price. Finally, as the inventory of the silicon material end industry is still at a high level of about 350,000 tons, polysilicon prices are under severe pressure against the backdrop of continued reduction in downstream demand, and there is a risk of a decline in market prices.
As of now, the number of companies under maintenance or load reduction has increased to 14. One company has restored part of its production capacity within the month, and the production capacity of one newly invested industrial company continues to climb. According to statistics, China's polysilicon production in October 2024 was approximately 133,600 tons, a month-on-month decrease of 3.15%. This month, some production capacity in Sichuan has begun to reduce load, so it is speculated that polysilicon output will fall by about 5% in November.
