Currently, non-Xinjiang polysilicon with traceability data generally carries a quoted premium of RMB 3–5/kg. Polysilicon prices in dollar terms are prices for polysilicon with non-China origins in dollar terms, not translated from RMB prices.
In the short term, wafer price movement will depend heavily on whether polysilicon prices can remain stable. Cell inventory turnover days have lengthened to more than 7 days. To cope with rising inventories and weak demand, supply-side contraction signals are emerging. Leading cell manufacturers are showing clear signs of production cuts.
The only solar panel and polysilicon pricing report that adheres to IOSCO reporting requirements. The OPIS Global Solar Markets report is the first and only solar panel and polysilicon pricing report to follow the International Organization of Securities Commissions’ (IOSCO) requirements for fair and transparent pricing.
On the supply side, amid a pronounced supply–demand mismatch, polysilicon suppliers have begun actively reducing output, signaling that the industry has entered a substantial production-cut phase aimed at stabilizing prices. Persistently weak demand for polysilicon has led to continuous price declines downstream.
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