On March 11, the Silicon Branch released the latest price of silicon materials this week.
This week, the price of N-type re-feeding and dense materials fell sharply again. The average transaction price slipped to 452000 yuan/ton and 42500 yuan/ton respectively. The ring ratio decreased by 6.42% and 6.39% . The average transaction price of granular silicon is 44000 yuan/ton.
At present, the price of polysilicon has fallen below 50 thousand yuan/ton again.

As for the reasons for the decline in transaction prices, the Silicon Branch said: First, the terminal installation project started slowly, the start-up rate of batteries and components was fatigue , and the actual procurement demand for silicon materials was weak; Second, the scale of polysilicon social inventory has been at a historical high , and is still accumulating , the market shows a trend of "price reduction for volume"; Third, a batch of quotations of 2-3 yuan/kg lower than shipment price of production enterprises have recently appeared in traders and futures and spot merchants, which are less constrained by cost, thus further exacerbating the downward trend of spot prices.
Simply put, the main reason for the sharp drop in polysilicon prices is still excessive upstream inventory hoarding and weak downstream demand.
Silicon Branch expects that the polysilicon industry will continue the downward adjustment trend and gradually enter the stage of relatively backward capacity clearance before the market has a clear signal of terminal demand volume or inventory decline.
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