Polysilicon trading activity was subdued this week, with prices under pressure and declining.

Gelonghui, March 18 — According to Antaike statistics, the transaction price range for polycrystalline silicon N-type re-investment feedstock this week is 42,000-45,000 RMB/ton, with an average transaction price of 43,200 RMB/ton, down 4.42% week-on-week; the transaction price range for N-type granular silicon is 43,000-45,000 RMB/ton, with an average price of 44,000 RMB/ton. This week’s market trading atmosphere has softened compared to previous weeks, with only 2-3 companies securing new orders, and both transaction volume and activity have declined. Market transactions are sluggish, partly because some large orders for March were signed at the end of February and early March, reducing new signing opportunities this week; partly because downstream companies are pessimistic about the market outlook and are cautious in procurement. The continued price decline is mainly due to two reasons: first, downstream companies maintain low operating rates and have high inventories of raw silicon materials, resulting in no additional demand support for silicon feedstock; second, downstream companies are pessimistic about the future market and are not willing to expand procurement, while some upstream companies, to ease financial pressure, are forced to accept lower quotes to close deals, thereby pulling down the spot transaction price center.