The China Non -Ferrous Metal Industry Association (CNMIA) has shown that spot market activity for Polysilicon remained weak this week. N-type closed polysilicon traded between CNY 39,000 and CNY 45,000 per ton, on average CNY 40,300 per ton, a decrease of 1.71% compared to last week. N-type grainy polysilicon fell 2.56% to CNY 38,000 per ton. High stocks continue to put pressure on prices, whereby producers are expected to maintain the current company rates. Waffle prices continued to fall due to a weak demand for N-type products. G10L waffles (182 × 183.75 mm/130 μm/256 mm) decreased 8.2% week on week to CNY 1.12 each. G12R waffles (182 × 210 mm/130 μm) declined 9.09% to CNY 1.30, and G12 waffles (210 × 210 mm/150 μm) dropped 4.58% to CNY 1.46. P-Type G12 waffles (210 x 210 mm/150 μm) kept stable at CNY 1.63. Module and Pelprijs also fell, with modules that post the steepest losses. Some modules now act under CNY 0.70 per watt, with prices as low as CNY 0.68. CY prizes fell 0.02 to CNY 0.03 week on week, with most deals ranging from CNY 0.26 to CNY 0.28 per watt. The downward trend is expected to continue to exist, so that further pressure will be added to settle prices unless the demand for the end market will return quickly.
Risen energy Has posted a net loss of CNY 3.44 billion for 2024, waving a profit a year earlier and a decrease of 352.03% on an annual basis. Turnover fell by 42.71% to CNY 20.24 billion. Module readings amounted to a total of 18.07 GW, including 6.79 GW that is sent abroad. The sale of N-type heterojunction (HJT) products more than doubled, but the R&D spending fell by 24.22% to CNY 512 million. The company attributed the weak achievements to a temporary mismatch for the range of offering about the solar value chain, which lower prices. Significant value reductions and inventory Writedowns also consisted of profitability.
Pylon Technologies has registered a net loss of CNY 38.17 million in the first quarter of 2025, despite an increase in the turnover of 1.72% on an annual basis to CNY 392 million. The company said that it is highly dependent on the European market for residential storage, which fed its outbreak in 2022 during the energy crisis of the region. That year Pylontech CNY placed 6 billion in income and CNY 1.27 billion in net profit, belonging to the top three global suppliers of solutions for household energy storage, alongside Huawei and BYD. The fortunes have since reversed. In 2023, sales fell by 45.13% to CNY 3.30 billion and net profit fell by 59.49% to CNY 516 million. The decrease took place in 2024, with the turnover another 39.2% fell to CNY 2.01 billion and the net profit sinks 92% to CNY 41.11 million.
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