Core Viewpoint - The price of polysilicon continues to rise due to supply constraints and positive market signals from government initiatives aimed at regulating the photovoltaic industry [1][2]. Price Trends - The transaction price range for n-type recycled polysilicon is between 45,000 to 52,000 yuan/ton, with an average price of 47,900 yuan/ton, reflecting a week-on-week increase of 1.05% [1]. - The transaction price range for n-type granular silicon is between 45,000 to 47,000 yuan/ton, with an average price of 46,000 yuan/ton, showing a week-on-week increase of 3.37% [1][3]. - The number of companies signing contracts for polysilicon this week is six, indicating a stable yet rising market price [1]. Market Dynamics - The increase in polysilicon prices is attributed to a joint meeting by six ministries to discuss the photovoltaic industry, signaling a commitment to regulate competition and reduce "involution" [1]. - Polysilicon companies are implementing production and sales restrictions, alleviating market pressure on supply and demand [1][2]. - Major polysilicon producers are reducing output, which is expected to lead to increased overall costs and a regulatory environment that prevents sales below comprehensive costs [1][2]. Inventory and Production Outlook - The number of operating polysilicon companies remains at nine, maintaining an output expectation of around 125,000 tons for August [2]. - If production and sales restrictions are effectively implemented in September, monthly output is expected to remain stable, but the current oversupply situation has not improved significantly, leading to an anticipated inventory increase of approximately 20,000 tons for August and September combined [2].
[安泰科]多晶硅周评-市场预期向好 小单延续涨势 （2025年8月20日）
中国有色金属工业协会硅业分会·2025-08-20 08:21