【安泰科】多晶硅周评—多晶硅价格有望止跌企稳（2025年5月21日）

Group 1 - The price of polysilicon has slightly decreased this week, with n-type re-investment material trading at a range of 36,000-38,000 CNY/ton, averaging 37,500 CNY/ton, a decrease of 2.85% month-on-month [1] - The trading price for n-type granular silicon is between 34,000-35,000 CNY/ton, averaging 34,500 CNY/ton, down 4.17% month-on-month [1] - The p-type polysilicon price remains stable, trading between 30,000-33,000 CNY/ton, with an average of 31,300 CNY/ton, unchanged month-on-month [1] - The decrease in prices is attributed to bulk transactions by companies and downstream firms lowering their raw material procurement price expectations [1] - As of now, there are 11 polysilicon production companies, all operating at reduced capacity, and it is anticipated that production capacity will be replaced in June, maintaining stable monthly supply [2] Group 2 - The overall monthly polysilicon output is expected to be further reduced and maintained at a low level [2] - The recent price decline is also influenced by the upcoming wet season in the southwest region, leading polysilicon companies to accept some price adjustments [1]