In October, the domestic polysilicon market continued its steady state in September, with a monthly decline of only 0.22%. As of October 31, the domestic supply price basically maintained the level at the beginning of the month, while the import supply declined slightly, with a range of 1000-3000 yuan/ton. According to the monitoring of the business community, the single-crystal compact mainstream range with the model of primary solar energy at the end of the month reached RMB 298-30900/ton.

From the perspective of silicon material commencement, the operating rate of domestic silicon material manufacturers has significantly increased this month. Compared with the three units that resumed operation in September, the two units are still in the maintenance period, and most units have resumed operation in October. The supply has significantly increased compared with the previous month. However, based on the current low inventory situation, the silicon material price is firm, the bargaining space is limited, and some old customers’ long orders have been settled. In general, due to the continuous follow-up of downstream demand, silicon material supply is still in short supply.

From the perspective of downstream silicon wafers, silicon wafers continued to be stable this month. On October 24, Dachang Longji Co., Ltd. released the implementation price of silicon wafers. The price remained the same as that in September, with a rise or fall of 0. The commencement of silicon wafer is generally stable, and the demand continues to advance.

In terms of terminals, the price of battery chips rose slightly this month, the G12 size battery chips rose slightly, and the mainstream transaction price rose slightly to about 1.32 yuan/W. The other models are stable. The mainstream transaction price of single crystal M6 battery chip is about 1.29 yuan/W, and the mainstream transaction price of M10 battery chip is about 1.34 yuan/W. As the upstream silicon material stopped rising and stabilized, the price of silicon wafer was stable for three consecutive months, and the pressure on downstream battery chip and component enterprises was slightly reduced. The operating rate of components has slightly increased compared with that at the beginning of the month, the price has increased tentatively, the construction of domestic large-scale ground power station projects has been accelerated, and the demand side has steadily increased. As overseas orders are still strong, the role of export is obvious.

Future market forecast: polysilicon analysts from the business community believe that the current silicon material supply has slightly increased compared with that in September, and the price may still remain high in the short term driven by demand. However, in the medium term, many devices are planned to be put into production in the year, and silicon material is expected to be released in large quantities. Therefore, the possibility of price falling due to the pressure of loose supply will not be ruled out in the later period.