The Zhitong Finance App learned that according to data released by the Silicon Industry Branch on January 10, the price range for n-type silicon was 65,000 to 70,000 yuan/ton this week, with an average price of 67,800 yuan/ton, which was the same; the price range for monocrystalline dense materials this week was 53,000 to 65,000 yuan/ton, with an average price of 581,000 yuan/ton, which remained flat from month to month. The price range for n-type granular silicon this week was 58,000 to 60,000 yuan/ton, with an average price of 59,000 yuan/ton, which remained the same from month to month. The Silicon Industry Branch expects polysilicon prices to stop falling and stabilize in the short term, and medium- to long-term price trends should also pay close attention to downstream construction conditions.

Prices of various varieties have stabilized for the time being this week. Among them, the low price of n-type materials has declined somewhat. This week, 6 companies traded for n-type silicon materials, and 6 companies traded p-type silicon materials. As of this week, the vast majority of companies have signed orders for January, and some companies have signed orders until mid-late February. Most of the orders in the past week were small orders, and some non-mainstream products were sold.

There has been no significant change in the price of new polysilicon orders in the past week. The company delivered smoothly, and the inventories of leading manufacturers remained low. Overall, the industry's inventory was around 60,000 tons, which is at a normal level. Most companies are constrained by cost pressure and find it difficult to accept price cuts. In addition, the recent trend of silicon wafer transaction prices has stopped falling, and polysilicon prices are expected to remain stable in the short term.

As downstream crystal production capacity gradually changed from p to n, silicon companies actively adjusted their production strategies, but the rate of product share adjustment was not as fast as the downstream silicon wafer production capacity replacement rate, and there is still a structural mismatch in the silicon-silicon wafer supply and demand relationship. Currently, leading silicon wafer companies produce more than 70% of n-type products, and the rest of the companies are also actively transforming. However, leading silicon companies currently account for 50-60% of N-type production, and some new entrants have yet to meet N-type production standards. Overall, n-type silicon products are in short supply, and p-type silicon products are relatively abundant. Recently, the operating rate of downstream crystal enterprises has been further lowered. The operating rate of leading silicon wafer companies in a certain line has dropped by about 15%. It is expected that demand for polysilicon procurement will weaken in the future.

As of this week, there are a total of 17 domestic polysilicon manufacturers. There were no new stoppages or maintenance this week. The company maintained normal production, but the release of additional production capacity fell short of expectations. Polysilicon production is expected to increase by a limited amount of about 170,000 tons in January 2024.