Polysilicon prices remain bearish

Polysilicon: Mainstream traded prices of P-type dense polysilicon were 46-50 yuan/kg this week, while those of N-type polysilicon were 54-58 yuan/kg. Polysilicon prices continued to fall this week. Polysilicon makers, especially leading ones, were under enormous pressure to clear inventory, prompting price cuts. To navigate the current market environment, downstream silicon wafer makers have shifted from monthly pricing negotiations and order pick-ups to weekly ones. Market sentiment has shown no signs of improving, indicating further price declines on the way.