SMM Weekly Review: Polysilicon Prices Temporarily Stable Amid Limited End-Use Demand and Rising Inventory Pressures

[SMM Weekly Review: Limited End-Use Demand, Domestic Downstream Prices Temporarily Stable]

Polysilicon: This week, the mainstream transaction prices for N-type recharging polysilicon ranged from 39-45 yuan/kg, while the mainstream transaction prices for N-type dense polysilicon ranged from 38-42 yuan/kg. Post-holiday transactions have been mediocre, and a new round of transactions has yet to commence. Polysilicon manufacturers are currently facing pressure from rising inventory levels. However, some top-tier enterprises, based on industry and their own circumstances, are expected to increase prices in a new round of quotations in the short term. Downstream players have started to adopt a wait-and-see approach toward upstream quotations. From the end-use perspective, demand has not effectively recovered, and crystal pulling factories have sufficient inventory reserves, suggesting that a comprehensive increase in actual transaction prices may face certain resistance.