涨价趋势向下游传导 光伏产业链迎复苏

Core Viewpoint - The price increase trend in the photovoltaic industry chain is beginning to transmit downstream after the rise in polysilicon prices, indicating a potential rebound in prices across various segments of the industry chain [1][2]. Group 1: Price Trends - Recent reports indicate that multiple polysilicon companies have started adjusting their product prices, showing a strong determination to maintain price levels [1]. - From July 3 to July 9, the average price of silicon wafers has slightly increased due to the rising expectations of polysilicon prices [1]. - The price adjustments in the polysilicon segment are expected to lead to a wave of price rebounds across the industry chain, although the overall recovery of the industry will depend on specific capacity reduction situations [1]. Group 2: Market Dynamics - The downstream crystal pulling segment is facing a decision on whether to continue observing the market or accept slight price increases to replenish inventory [1]. - As the price of polysilicon rises, leading silicon wafer manufacturers have begun to raise prices, with other specialized manufacturers following suit [1]. - The atmosphere for silicon wafer price increases is strengthening, supported by healthy inventory levels, cash cost support, and policy guidance [1]. Group 3: Future Outlook - Despite the overall terminal demand not showing significant recovery, the recent price increases in the polysilicon segment have gradually transmitted to the silicon wafer segment, providing initial support for the market [2]. - The prices of polysilicon and silicon wafers are currently at a bottom range, and future prices are expected to gradually rise and maintain within a certain range [2]. - The industry is anticipated to gradually recover and form a healthy competitive landscape due to the large-scale elimination of backward production capacity in the photovoltaic sector [2].