Spot polysilicon transactions were few, and prices for some wafer sizes were weak [SMM Silicon-based PV Morning Meeting Minutes]
[SMM Silicon and PV Morning Meeting Summary] Silicon Metal: - Yesterday, SMM's oxygen-blown #553 silicon in east China was around 9,300-9,500 yuan/mt, and #441 silicon was around 9,500-9,600 yuan/mt. Recently, the market has been primarily trading on expectations for production cuts by large plants in Xinjiang at month-end. Market sentiment is relatively bullish but views remain cautious, with downstream users purchasing as needed for deals. Wafers: The market price for 18X wafers is 1.113-1.129 yuan/piece, for 210RN wafers is 1.113-1.149 yuan/piece, and for 210N wafers is 1.18-1.248 yuan/piece. Prices for 210R and 210N wafers continue to decline. Based on currently available raw material prices, the lower end of current quotes from various suppliers is already close to cash costs. Thus, the possibility of further significant declines is relatively small, and the trend will mainly depend on raw material price movements and policy expectations.