In a new weekly update for PV -MagazineOpis, a Dow Jones company, offers a quick look at the most important trends in the global PV industry.
The China Mono Premium-Opis’ assessment for mono-quality polysilicon used in the production of N-Type Ingot-Nam with 8.70% week-on-week to CNY 43,750/kg, or CNY 0.092 ($ 0.013)/W, according to the Opis Solar Weekly report.
The prices of Polysilicon in China rose for the fourth consecutive week, largely driven by government guidelines to tackle the cost prices. According to market sources, bundled transaction prices for N-type and P-type Polysilicon have reached around CNY 42/kg this week, with a few small-volume N-type transactions that were seen as high as CNY 49/kg.
Industrial sources point to aggressive stock by two large wafer manufacturers such as strengthening the government -driven rally, whereby the companies are reportedly collected more than 100,000 tons (MT) and 60,000 MT Polysilicon respectively.
Polysilicon Futures Market activity also supports recent price increases. According to Guangzhou Futures Exchange (GFEX), market participants saw the total open interest of more than a million tonnes of a million tons of what 70-80% of China’s annual polysilicium capacity represents. GFEX data of 28 July also show that the futures contracts for the delivery of September 2025 have registered a trade volume with one day of 1,744,380 MT high volume under all 2025 delivery contracts on that day. Although the increased futures market activity can temporarily reduce the availability of the inventory and sharpen the market liquidity, sources warn that it cannot fundamentally tackle the persistent oversupply.
However, business information indicates that two major producers have started increasing their operational rates to take advantage of higher margins. Given the persistent weak demand for the end market, market participants consider this a ‘dangerous signal’, with some warning that any unfavorable market development can quickly cause a different price decrease.
In a separate development, the Chinese authorities are reportedly planning to introduce stricter standards for energy consumption for the production of polysilicon. The proposed revisions are intended to redefine the effective production capacity and to speed up the phasing out of outdated facilities by sharpening the thresholds of energy consumption.
Some industry experts have expressed skepticism about the effectiveness of this measure. One expert noted that the imposition of stricter thresholds for energy consumption thresholds may be superfluous, because producers who cannot meet the threshold of energy consumption are already struggling with financial resources – struggling to remain operational.
The Global Polysilicon Marker (GPM)-the OPIS benchmark for Polysilicon produced outside of China-stayed stable this week at $ 18.550/kg, or $ 0.039/W, based on reported buy-sell indications.
Market fundamentals remain relatively stable; However, two potential developments in American trade policy can influence the future demand for polysilicon.
A national security investigation into the import of Polysilicon, launched by the US Department of Trade on 1 July, could stimulate the demand for non-Chinese Polysilicon. Insiders from the industry expect that if the probe results in the classification of the Chinese polysilicon as a national security threat, power -racing manufacturers can turn to alternative global suppliers.
In a separate development, a petition that will be submitted on July 16 by a coalition of solar manufacturers, new anti-dumping and countervailing obligation to investigate in solar cells and modules from Laos, Indonesia and India.
Chinese manufacturers in these regions are expected to consider production considerably as soon as an investigation has started, because all resulting rates may apply to all shipments of the start date of the study. Such a development can dampen the demand for global polysilicon in the medium term.
Opis, a Dow Jones company, offers energy prices, news, data and analysis of gasoline, diesel, aircraft fuel, LPG/NGL, coal, metals and chemicals, as well as renewable fuels and environmental products. It acquired price determination of data from Singapore Solar Exchange in 2022 and now publishes the OPIS APAC SOLAR WEEKLY REPORT.
The views and opinions expressed in this article are the author, and do not necessarily reflect it by PV -Magazine.
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