November polysilicon prices fell 7.5% month-on-month

According to the November Domestic Polysilicon Market Monthly Review issued by the China Non-ferrous Metals Industry Association’s Silicon Branch on December 8, the price of polysilicon will gradually stabilize after entering November. In November, the mainstream price of polysilicon in China remained at 200,000-23 million/ton, which was 7.5% lower than the average price in October. Starting in late November, the situation of continued falling prices has been improved, and the current price level has fallen below the vast majority of corporate cost lines.

Relevant polysilicon manufacturers stated that due to the current large-scale suspension of production of polysilicon companies in China, the supply of polysilicon rapidly declined, which has eased the situation of excessively rapid price falls. However, on the other hand, many domestic polysilicon plants have inventories, coupled with the undigested polysilicon of downstream photovoltaic companies, the total amount of their inventories is astonishing.

In terms of downstream batteries and components, the prices of domestic silicon wafers and solar cells continued to decline in November, but the decline has gradually narrowed. As of November 30, the price of the downstream battery was 0.45-0.65 USD/W, which was 7.8% lower than the average price in October.

The Silicon Industry Branch believes that domestic downstream photovoltaic companies generally believe that the battery has basically fallen to the bottom, and the space for future price declines is getting smaller and smaller. Nevertheless, there is little hope of a rebound in short-term prices. The recent Sino-U.S. trade disputes in photovoltaic products have again caused the domestic market to rise again. If the U.S. final ruling finds that Chinese PV companies damage US companies and decide to impose anti-dumping duties, it will make the future operation of some domestic PV companies more difficult.