The mainstream prices of recharging polysilicon and dense polysilicon were 68-78 yuan/kg and 65-75 yuan/kg respectively. The polysilicon price index stood at 63.04 yuan/kg.

Thanks to the ramp-up of new production lines at Inner Mongolia Daquan Energy and Ningxia Runyang Silicon Material Technology, polysilicon production schedules are expected to grow to 123,000 mt.

On June 8, 2023, the Namibian government announced a ban on the export of unprocessed lithium, cobalt, manganese, graphite and rare earth minerals, seeking to maximize the value of its mineral resources.

Prices of the most active silicon contract are likely to move rangebound or go down next week. The SMMI rose 1.06% on Wednesday from a week ago. This week, the most active silicon contract prices rebounded slightly and then moved rangebound.

The operating rates of polysilicon enterprises were basically stable.

The price of silicon was temporarily stable this week. As of June 8, the prices of standard #553 silicon metal in east China remained flat on a weekly basis at 13,200-13,400 yuan/mt, those of above-standard #553 silicon metal were flat between 13,500-13,600 yuan/mt, those of #421 silicon metal were unchanged between 14,600-14,800 yuan/mt, and those of #3303 silicon metal were also stable between 14,600-14,900 yuan/mt.

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?

SMM believes that the output in June may continue to rise. The main reason is that three domestic DMC enterprises plan to resume work in June, and the output is bound to increase. At the same time, there are currently no more domestic companies planning long-term maintenance.