据安泰科统计，本周多晶硅 n 型复投料成交价格区间为 4.9-5.5 万元 / 吨，成交均价为 5.32 万元 / 吨，环比持平。 n 型颗粒 硅成交价格区间为 5.0-5.1 万元 / 吨，成交均价为 5.05 万元 / 吨，环比持平。 本周国内多晶硅市场整体维持弱稳格局，尽管市场情绪受下游硅片、电池片价格连续下跌影响，出现波动，但实际成交价 格均保持稳定，主流签单企业数量维持在 6 家左右，成交活跃度与上周基本相当。当前价格持稳的主要支撑，一方面来源于上 游供应收缩的持续预期，部分企业计划内的减产、检修仍对市场心态形成支撑；另一方面，业内普遍认为，下游价格走低的情 况下，上游价格进一步下跌并不能刺激需求，反而可能加速产业链价格整体下行，引发连锁负向反应。因此尽管下游价格走 弱、需求预期收缩，多晶硅企业仍倾向于维持报价稳定，主动降价意愿较低。 从供需角度看，多晶硅市场整体供大于求的状态并未改变，高库存压力持续存在。下游环节的降价与减产虽可能削弱对多 晶硅的短期需求，但由于多晶硅社会库存已处高位，企业对于继续累库的容忍度相应提高，短期并不急于通过降价清理库存。 综合判断，尽管市场存在悲观情绪，但在供应端企业减 ...

Group 1 - The core viewpoint of the articles indicates a decline in the prices of polysilicon due to shrinking demand, with specific price ranges for n-type and p-type polysilicon showing a downward trend [1][2] - The average transaction price for n-type polysilicon is reported at 36,700 RMB/ton, down 2.13% week-on-week, while p-type polysilicon averages 30,700 RMB/ton, down 1.92% [1] - The industry is currently facing significant sales pressure, with non-leading enterprises having nearly sold out their low-priced inventory, indicating a cautious procurement approach from downstream companies [1] Group 2 - As of now, there are 11 polysilicon production companies operating, all of which are running at reduced capacity [2] - Despite rumors of increased operating rates in June, the actual output remained stable without adding supply pressure, and two additional companies are planning maintenance in July, which will lead to a noticeable reduction in polysilicon output [2] - The continuous cost inversion pressure in the industry for over a year has brought polysilicon prices close to their bottom limit, suggesting a low likelihood of significant further declines in the short term [2]

Group 1 - The core viewpoint of the article indicates that the polysilicon market is experiencing a slight price decline due to high inventory levels and rapid price drops in downstream products [1][2] - The transaction price range for n-type re-investment materials is between 360,000 to 410,000 CNY per ton, with an average transaction price of 386,000 CNY per ton, reflecting a month-on-month decrease of 1.53% [1] - The transaction price range for n-type granular silicon is between 350,000 to 370,000 CNY per ton, with an average price remaining stable at 360,000 CNY per ton [1] - The transaction price range for p-type polysilicon is between 300,000 to 350,000 CNY per ton, with an average price of 313,000 CNY per ton, showing a month-on-month decrease of 3.10% [1] - The current monthly supply and demand balance is precarious, and if downstream operations continue to decline, there may be a risk of inventory accumulation in the polysilicon sector [1] - Downstream companies are cautious in signing large orders due to previous price declines, opting for high-frequency, small-batch purchases which may stabilize polysilicon prices [1] Group 2 - As of this week, two companies have entered maintenance shutdowns, reducing the number of operating companies to 11 [2] - The production of polysilicon in China is reported to be 99,100 tons as of April 2025, reflecting a month-on-month decrease of 6.08% [2] - The market is experiencing frequent shifts in expectations due to a surge in polysilicon news, with actual outcomes dependent on company announcements [2]