Mei Ri Jing Ji Xin Wen·2025-05-13 06:50Core Viewpoint - The A-share photovoltaic sector, particularly the silicon material segment, experienced a significant surge due to rumors of a "stockpiling" plan among major silicon material companies, although these claims remain unverified [1][2]. Group 1: Market Dynamics - The silicon material sector is currently facing a supply-demand tug-of-war, with utilization rates among leading silicon material companies reported between 20% to 50% [1][3]. - A recent report indicated that the average transaction price for N-type granular silicon was around 36,000 RMB per ton, reflecting a 2.7% decrease week-on-week [4]. - The domestic production of polysilicon is expected to decrease to approximately 96,000 tons in May, representing a month-on-month decline of about 3% [4]. Group 2: Industry Responses - Industry leaders are recognizing the need for collective action to reduce inventory, with some companies already reducing stock levels since last year [3][5]. - There is a consensus among industry players that limiting production is essential for addressing the high inventory levels and low prices that have fallen below cash costs [3][5]. - Some polysilicon companies are considering advancing their scheduled maintenance to the second quarter due to extreme market conditions [5]. Group 3: Future Outlook - The photovoltaic industry is projected to see a 23.6% year-on-year increase in polysilicon production, exceeding 1.82 million tons in 2024, despite facing significant operational pressures [5].