On Jan 29th, SMM confirmed that many polysilicon firms have signed monthly orders and one of them has inked deal at 72 yuan/kg, up from previous mainstream market prices.
SMM notes that this round of monthly orders has a volume of more than 10,000 mt. Prices of sporadic orders 73-75 yuan/kg over the past couple of weeks. After last Friday's big-scale order signing, other silicon wafer plants also aligned their contract prices.
Polysilicon market sees a true, universal price hike!
Before, the photovoltaic market was weaker. Now, a real shortage of high-quality polysilicon drives prices up. SMM reports that N-type material makes up 40%-70% in companies, with top N-type, like granular silicon, in low supply, bolstering the price rise.
With the Spring Festival nearing, downstream firms rush to stock up, creating urgency to buy. Polysilicon producers, in a stronger bargaining position, have helped push prices up.
Before this, two weeks of high-priced spot orders lifted market sentiment.
As of Feb 2, SMM notes 3-4 silicon wafer plants have signed some orders, with signings on the 28th evening showing stable prices, fixing the mainstream contract price at 72 yuan/kg this month.