Views: 0 Author: Site Editor Publish Time: 2026-08-28 Origin: Site
China’s polysilicon market remains in a cautious price-discovery phase, with limited transactions and weak downstream demand preventing a clear market recovery.
This week, a small number of deals were reported at around RMB 40–43/kg, but overall order volumes remained low. Most purchases were driven by immediate inventory needs, while some transactions were completed through futures warehouse receipts.
Although producers are testing higher prices, the lack of widespread transactions means the new price range has not yet become an established market benchmark.
China remained a net exporter of polysilicon in July. Customs data showed imports of 790.7 tonnes, compared with exports of 2,344.1 tonnes.
Domestic supply is also expected to remain relatively ample in August. Increased production from some major manufacturers is offsetting maintenance-related cuts at other plants, while wafer manufacturers continue to operate at relatively low utilization rates.
As a result, polysilicon inventories are expected to continue building in August.
The current market is increasingly defined by a gap between producer price expectations and actual purchasing activity.
Manufacturers are seeking to establish higher price levels, but downstream buyers remain cautious and are mainly purchasing only what they immediately need.
For prices to move into a sustained upward trend, stronger solar demand and a meaningful reduction in inventories will be necessary.
For now, China’s polysilicon market is testing a new price range, but the fundamentals remain loose. The pace of downstream demand recovery will determine whether today’s higher prices can become tomorrow’s market standard.
