In November, the domestic polysilicon market continued the slight decline of last month, with a monthly decline of only 0.56%. As of November 29, the domestic supply price basically maintained the level at the beginning of the month, while the import supply declined slightly, with a range of 3000-5000 yuan/ton. According to the monitoring of the business community, the single-crystal compact mainstream range with the model of primary solar energy at the end of the month reached RMB 298-30500/ton.

From the perspective of silicon material commencement, the operating rate of domestic silicon material manufacturers remains high. The supply was flat in October. The number of orders signed by silicon material manufacturers declined compared with that of last month. The enterprise’s shipment speed slowed down. With the decline of downstream silicon chip prices, the commencement of construction decreased slightly, and the bargaining power of silicon material manufacturers weakened. In general, due to the continuous follow-up of downstream demand, silicon materials still maintain a balance between supply and demand.

From the perspective of silicon chips, the price of silicon chips fell this month. On November 24, Dachang Longji Co., Ltd. released the executive price of silicon chips. The price of some models was significantly lower than that in October. The price of P-type M10 single silicon chips fell to 7.42 yuan from 7.54 yuan last month, a decrease of 1.59%. On the 27th, Central also lowered the price of silicon chips, with a heavy drop. The price of p-type and N-type silicon chips fell by 0.33 yuan to 0.47 yuan per chip, a drop of 4.42% to 4.56%. The commencement of silicon wafer is generally stable, and the demand continues to advance.

Terminal demand: the battery chips and components are basically stable this month. The quotation of battery chips is still hovering at a high level, especially the demand for large-sized battery chips is still good. The orders continue to be hot, and the price is relatively rigid, close to the upper limit of the tolerance of terminal components. On the component side, the price changes little. Despite the policy encouragement, due to the epidemic situation and cold weather, the employment and logistics have different degrees of negative impact, and the installation progress has been delayed. In addition, due to the approaching Christmas, the shortage of overseas labor, the decline of installed capacity, and the backlog of overseas component orders.

Future market forecast: Polycrystalline silicon analysts from the business community believe that the silicon material fundamentals maintain a balance between supply and demand at present, but in the later period, as some devices are facing production, the supply pressure will increase, and external demand will continue to slow down in the near future or due to the impact of Christmas labor shortage, and domestic installed capacity will also decline due to the impact of winter weather. In addition, domestic regulation and control efforts will increase, resulting in heavy resistance to market rise. It is comprehensively predicted that the silicon material market still has room for further decline.