Polysilicon prices to extend decline amid sluggish demand and growing inventory

Recharging and dense polysilicon prices kept dipping to 69-73 yuan/kg and 66-70 yuan/kg respectively this week. Many leading companies quoted and signed orders, but their order signing prices continued to fall sharply amid sustained downstream weakness and bearish outlook for demand. At the same time, the price difference between N-type and P-type polysilicon shrank from 10 yuan/kg to 5 yuan/kg. At present, polysilicon inventory kept piling up. Under this circumstance, market prices could drop further.