Polysilicon Prices Continue to Bottom Out, Futures Prices Nea
According to the latest futures market data on March 27, the main polysilicon contract (PS2605) fell sharply, with the latest price at 34807 RMB/ton, a decrease of 1435 RMB/ton or 3.98% from the previous trading day, with a trading volume of 5903 lots, and the price range was 34125–35380 RMB/ton. The continuous decline of polysilicon prices is mainly affected by the prominent contradiction between supply and demand: at present, polysilicon enterprises are facing high inventory pressure, and the market sentiment is pessimistic, forming a negative cycle of "the more prices fall, the less they buy".
Spot market data shows that the transaction price of N-type polysilicon feedstock has dropped to around 39,000 RMB/ton, and the weekly decline is nearly 8%. The downstream module enterprises are in the seasonal off-season, with extremely low procurement willingness and strong price pressure, and even some signed contracts have been breached and re-signed at reduced prices, which has further increased the operational pressure of polysilicon enterprises. Industry analysts point out that the polysilicon market is still in the bottoming stage, and the market stabilization needs to wait for the substantial recovery of terminal demand and the obvious decline of inventory. In the short term, the price may continue to fluctuate downward, and the industry clearing process may accelerate.
∷
