This week (11.27-12.1), the domestic polycrystalline silicon market fell, with domestic supply prices slightly decreasing and imported supply sources also experiencing a certain degree of decline. According to the Commodity Market Analysis System of Business Society, polycrystalline silicon experienced a weekly decline of 2.44%. At present, the mainstream range of single crystal dense materials with a model of first-class solar energy has slipped to 55-65000 yuan/ton.

On the supply side, the devices affected by the accident in the early stage have now resumed operation, and with the release of new production capacity, mass production has been achieved. The domestic supply has significantly increased, and the slowdown in shipment speed has led to silicon material manufacturers starting to accumulate inventory. The weakening of bargaining power has forced silicon material manufacturers to lower prices for shipments.

From the perspective of downstream silicon wafers, the operating load of silicon wafer enterprises has decreased, mainly due to the backlog of inventory from manufacturers in the early stage, coupled with a slowdown in downstream procurement, the inventory level of silicon wafers has gradually decreased, and the pulling end has lowered its own operating rate to alleviate the situation of oversupply. So the price decline has slowed down this week. The mainstream transaction price of M10 single crystal silicon wafer is 2.30 yuan/piece; The current mainstream transaction price for G12 single crystal silicon wafers is 3.3 yuan per wafer.

From the perspective of terminal demand, the prices of battery cells and components continue to be inverted, and the quoted prices of battery cells remain unchanged. The demand for component installation has decreased, and the overall terminal demand remains stable.

Market forecast: Polycrystalline silicon analysts from Business Society believe that the demand increment in the silicon material market is insufficient in the near future, and the immediate need to continue to follow up. Coupled with expectations of increased supply, it is not ruled out that prices will continue to loosen and decline in the future.