Does price hike by a few N-type polysilicon producers signal broad-based market recovery?

According to SMM, a major polysilicon plant raised contract price of some high-quality N-type polysilicon to 72 yuan/kg, while some polysilicon plants lifted contract price to 75 yuan/kg. Will polysilicon price also see a rally in the wake of rising prices of silicon wafers and solar cells? It should be noted that the N-type polysilicon orders signed by the major plant were mainly bulk ones, which was not representative of the large signed orders that just ended in January. Most of the prices of the goods were merely 1-2 truckloads. Polysilicon manufacturer also stated that all large orders were signed at the previously signed price. At the same time, SMM understands that another leading polysilicon manufacturer recently increased high-quality polysilicon price to more than 70 yuan/kg. Will signed price of polysilicon rise in February? For the first time, there were some boosts to polysilicon market, especially to high-quality polysilicon market. Some major makers had low N-type polysilicon inventory for 3-5 days. There were many new suppliers, but their polysilicon quality is generally poor. Despite this, downstream buyers scrambled for N-type materials to a certain extent, underpinning polysilicon price.

There was still some controversy as to whether high polysilicon price can really rise stably. Currently, stocks of silicon wafers and solar cells stood high. In addition, silicon wafer market, especially N-type silicon wafer market, suffered some losses at the current polysilicon price of 68 yuan/kg. Under this circumstance, crystal pulling plants showed weak interest in polysilicon priced at more than 70 yuan/kg, and they were still more inclined to accept those offered at 68 yuan/kg. However, traded price of bulk orders may inched higher amid rising price of large polysilicon makers and popularity of N-type polysilicon.