A Few Deals Completed! Polysilicon Resumes Quotations

    On February 11th, the Silicon Industry Association released the weekly assessment of polysilicon. After suspending quotations for two weeks, polysilicon resumed quotations this week.

    According to Antaike's statistics, the transaction price range of polycrystalline silicon for n-type re-injection this week was 51,000 - 53,000 yuan per ton, with an average transaction price of 51,700 yuan per ton; the transaction price range of n-type granular silicon was 50,000 - 51,000 yuan per ton, with an average transaction price of 50,500 yuan per ton.

    This week, market activity has slightly rebounded, breaking the previous complete stagnation situation. A total of 4 companies reached a small number of orders, but the overall transactions are still mainly characterized by exploratory deals. The transaction structure shows a differentiated feature, with the volume of granular silicon significantly higher than that of rod-shaped silicon. The main reasons are as follows: On the one hand, the downstream terminal demand has not improved, and due to the approaching Spring Festival holiday, there is a strong wait-and-see sentiment in both the upstream and downstream sectors, and the willingness for large-scale purchases before the holiday is low; on the other hand, most silicon material enterprises are currently in a state of significant production reduction or even shutdown, and they have a relatively weak willingness to further significantly lower their prices. Under the influence of these comprehensive factors, granular silicon is more likely to achieve substantive transactions for urgent orders due to its relatively higher cost-performance ratio.

    It is expected that in the short term, the polysilicon market will remain in a state of stalemate and wait-and-see. The dominant factor will still be the balance between the weak demand before the holiday and the supply contraction. The price fluctuation space will be limited. After the holiday, as the terminal installation projects gradually start, the downstream demand is expected to spread from the bottom up, driving the procurement demand to increase. At the same time, the continuous contraction of silicon material supply will also support the improvement of the supply-demand relationship. The small number of transactions that occurred this week have, to a certain extent, provided bottom support for the subsequent price. However, the resolution of the core contradiction of supply and demand still mainly depends on the comprehensive recovery of terminal demand and the effective implementation of relevant energy consumption policies.