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-grade polysilicon used in the N-type Ingot production-expires from 6.39% week on week to CNY 51,200 ($ 7.20)/kg or CNY 0.108/W, according to the Global Solar Markets Report released on 16 September.
The price has now risen 50.7% compared to the year to date on July 1, 3 33,975/kg.
The recent rise in polysilicone prices is less driven by Fundamentals and more by market sentiment. Industrie insiders attribute the rally to continuous expectations of capacity consolidation and stricter production controls guided by the government. Market sentiment around these potential measures created space for prices, despite climbing stocks that are now reportedly exceeding more than 500,000 MT.
However, according to a market participant, manufacturers look for further price increases. Their immediate goal is to increase market prices to CNY 55/kg – 7% higher than the current OPIS assessment – with some producers who already issue quotes and complete transactions at this level. On the purchase side, trade volumes are reportedly small, where companies only buy essential materials to maintain production in the midst of the rally, which may lead to a delayed pace of increases to a certain extent.
These developments correspond to comments from Lin Ruhai, deputy secretary general of the China Non -Ferrous Metals Industry Association, on the China Silicon Industry Conference (CSIC) in 2025 in Inner Mongolia last week.
Lin stated that the solar industry is expected to stabilize between 2025 and 2027, with the primary objective of reducing overcapacity. He projected the global polysilicon capacity to reach 3.5 million MT by 2025, with approximately 30% of the outdated capacity to be phased out. An important indicator for the progress, he noticed, would be the polysilium prices that stabilize in the reach of CNY 50-60/kg.
Opis learned from sources on the CSIC 2025 that the operating company – proposed by leading polysilicon producers and relevant government services to acquire and abolish outdated capacity – has not yet been formally determined.
Important obstacles include determining which manufacturers will participate if buyers and which companies are willing to be taken over. Rising prices have different manufacturers of the second and third row less willing to load assets, instead to restart the production lines with a desired start to take advantage of the current favorable prices.
Global Polysilicon Marker (GPM) – The Opis -Benchmark for Polysilicon produced outside China – was unchanged at $ 18.043/kg, or $ 0.038/w. The basic principles of the global Polysilicon market remain weak, mainly due to a moderate question that is driven by the limitations of American trade policy.
According to a global polysilicon buyer, although bound by long-term contracts that require monthly orders from certain suppliers, the company has actively postponed deliveries because of insufficient production to absorb contracted volumes. The buyer added that he has already collected several thousand tonnes of global polysilicon inventory.
Sources in 2025 CSIC, on the other hand, noted that with the domestic polysilicone prices in China that continue to rise under government intervention, overseas producers see an opportunity to export to China if those prices reach sufficiently high levels.
Policy developments are also the prospects. The industry is closely monitoring the American section 232 National Safety Research into the import of Polysilicon and Derivaten.
Under discussion, the possibility is to impose strict limitations on the Chinese Polysilicon and its derivatives-such as imposing rates in the provision of duty-free import quota from allied countries such as Malaysia and Germany. A market participant noted that if implemented – combined with section 301 rates and mutual tasks – this would effectively prevent Chinese products from entering the American market, regardless of whether they meet the traceability requirements.
The source further noted that although such measures could stimulate an increase in polysilicon’s worldwide demand, they would probably lead to price divergement: prices within tax -free quotas would rise, while inevitably decreasing for volumes outside the quota.
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.
This content is protected by copyright and may not be reused. If you want to work with us and reuse part of our content, please contact: editors@pv-magazine.com.
Popular content
