China’s CNMIA reported stable polysilicon and wafer prices week on week, with weak trading activity, declining new orders, and cautious downstream demand as the solar market shifted to a wait-and-see stance.
The Silicon Industry Branch of the China Nonferrous Metals Industry Association (CNMIA) reported on May 27 that polysilicon prices remained stable week on week. N-type recharging polysilicon traded at CNY 34,000–36,000/ton ($4,730–$5,010/ton), with an average of CNY 35,300/ton ($4,910/ton). N-type granular silicon also traded at CNY 34,000–36,000/ton, averaging CNY 34,300/ton ($4,770/ton). The association said market activity weakened compared with the previous two weeks, with only three to four producers concluding transactions and new orders declining. Market sentiment shifted from cautious optimism to a wait-and-see stance. On May 28, the association reported stable wafer prices across all major formats. Average transaction prices remained at CNY 0.93/piece ($0.13/piece) for N-type G10L wafers (182 mm × 183.75 mm, 130 μm), CNY 1.00/piece ($0.14/piece) for N-type G12R wafers (182 mm × 210 mm, 130 μm), and CNY 1.17/piece ($0.16/piece) for N-type G12 wafers (210 mm × 210 mm, 130 μm). According to the association, both upstream and downstream players largely remained on the sidelines. Suppliers have largely stopped cutting prices, while procurement demand remains weak as end-market installations have yet to recover.
