Many silicon wafer companies reduced production to ease pressure. In mid-May, a first-tier silicon wafer company shut down more than 2,000 furnaces.

Since the beginning of the second quarter, the prices of domestic silicon wafers have started "another round" of declines. The price of polysilicon, which was already on the downward channel, has dropped more rapidly under the influence of silicon wafers. According to SMM statistics, as of June 1, the average price of domestic dense polysilicon was 116.5 yuan/kg, a drop of 43.4% compared to early April. The average price of 182 mm silicon wafer was 3.9 yuan per piece, a drop of 38.7% compared to the beginning of April. The market is relatively pessimistic. When will silicon wafer and polysilicon prices bottom?

Electrode prices temporarily stabilised this week as raw material prices rebounded slightly.

Despite the falling coal prices, the prices of silicon coal ran steadily this week.

Petroleum coke quotes generally stood stable this week.

Silica prices remained stable this week.

According to SMM statistics, Chinese polysilicon output was about 114,000 mt in April, up 2.7% MoM.

The prices of photovoltaic glass for May were released. The prices offered by leading and second-tier enterprises remained stable with the mainstream transaction prices of 3.2mm photovoltaic glass stabilising at 25.5-26.5 yuan/square meter. The prices of 2.0mm photovoltaic glass stood at 18.0-19.0 yuan/square meter.