In a new weekly update for PV -MagazineOpis, a Dow Jones company, reports that the negotiations of Global Polysilicon remain challenging, because buyers and sellers continue to struggle to achieve similarities on prices in the midst of a stubborn accurate imbalance. Moreover, it reveals that the Chinese Polysilicon Futures market will fall another 13% for supply contracts of November 2025.
The Global Polysilicon Marker (GPM), the OPIS benchmark for Polysilicon produced outside China, was rated this week at $ 18.917/kg or $ 0.040/W, which reflects a decrease of 1.64% based on reported Buy-Sell indications.
Global polysilicon negotiations are reportedly challenging, because buyers and sellers continue to struggle to reach similarities about prices in the midst of a persistent imbalance of the offer. According to market sources, the monthly production of solysilicon of solar spray oil is currently above 5,000 MT. Stocks are estimated at around 25,000 MT – a level that is sufficient to support approximately 12 GW power -reducing production capacity.
A market participant confirmed that the global sale of polysilicon is currently highly dependent on the implementation of long -term contracts. Fulfilling these similarities, however, has become increasingly challenging, because exporting solar products to the US is becoming more difficult in the midst of the complex and evolving trade environment. As a result, the source noted that production framework has emerged as an important strategy for suppliers who want to manage stock levels and stabilize the market.
In Southeast Asia, large buyers are reportedly continuing the limited Ingot production, partly in order to pay minimal purchase obligations under long-term delivery agreements. One manufacturer noted that part of their waffle production and the corresponding electric products have already been removed from the American market. Their current strategic focus for non-China-based production capacity has shifted to the Indian market. This strategic diversion has indirectly weakened the global demand for polysilicon because of the ability of India to accept power -reaching products made with Chinese Polysilicon.
Looking ahead, sources agree that extra price reductions can be the only feasible solution to illuminate the stock pressure. In the meantime, market problems are being set up about the expected commercial launch of a new polysilicon facility in the middle -East early next year, which could aggravate the current global oversupply.
The China Mono Grade, the assessment of opis for polysilicon prices of mono-quality in the country, remained stable this week with CNY 30.75 ($ 4.18)/kg, equal to CNY 0.065/W. The China Mono Premium, the price evaluation of OPIS for mono-quality polysilicon used for the N-type Ingot production, fell by 3.06% week-on-week to CNY 35.625/kg, or CNY 0.075/W.
The price of China Mono Premium Polysilicon has fallen by 11.76% since the peak in the first week of April. According to market sources, some wafer producers have increased the use of degraded polysilicon raw material in N-type wafer production in an attempt to lower costs. As a result, sources indicated that a considerable part of the nearly 400,000 MT polysilicon inventory consists of high-quality N-type material, while the published polysilicon is suitable for N-type applications largely consumed.
At the same time, market sources noted that the total output of polysilicon in June can see a slight increase compared to May, with an estimated 110,000 MT. This expected increase is mainly driven by the resumption of activities at facilities in Yunnan and Sichuan, supported by the start of the wet season and the resulting decrease in water costs. Although this increase can be partially compensated by reductions or temporary closures at thermal current -dependent facilities, one source warned that the regional shift in production may not result in a fully balanced assessment, which may affect the total nutritional levels.
Market participants generally expect the constant weakness on the polysilicon spot market during the rest of 2025, powered by persistent stock pressure. These prospects are reflected in the trends of the Futures market. Data from the Guangzhou Futures Exchange on 9 June shows that the settlement prices for the delivery of June 2025 on CNY36,660/kg amounted to CNY 31,865/kg for the November delivery – which marked a decrease of 13.08% in the period.
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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