SMM analysis: polysilicon prices under monthly contracts have risen in February after prolonged downturn

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.