Polysilicon prices extend declines, inventory pressure is mounting 

The mainstream traded prices of P-type dense polysilicon were 40-46 yuan/kg this week, and N-type polysilicon at 45-53 yuan/kg. Polysilicon prices continued to fall this week. The current inventory held by polysilicon makers climbed above 200,000 mt, while that held by leading polysilicon makers exceeded 50,000 mt. Some urged the downstream to pick up goods amid sluggish market sentiment. A large amount of new capacity will be ramping up in the future. SMM expects that some manufacturers are approaching their inventory limits and several old production lines may be overhauled in May.