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.
According to the Opis Solar Weekly Report released on July 15, the China Mono Premium-OPISs benchmark price rating for mono-grade polysilicon that is specifically used in N-type Ingot production for the inland Chinese market for the inland Chinese market-with 6.21% week-on week, with a CNY 36.350 0.076/w.
In combination with the movement, FOB China saw prices for N-type M10 and G12 waffles also remarkable increases. On July 15 the prices reached $ 0.123/PC and $ 0.158/PC, which represents a profit from week to week of 3.36% and 2.60% respectively.
These price increases come at a time when the structural overcapacity in China’s photovoltaic sector has not yet been resolved. Industrial sources largely attribute the recent upward momentum to renewed government guidelines and supervision, in particular guidelines aimed at keeping selling prices above the production costs of the manufacturers.
Polysilicon producers have shown a strong intention to push prices up during the current market correction. The OPIS report notes that prices have now risen for a second consecutive week. Sources indicate that after a bundled sale of N-type and P-type polysilicon from certain suppliers, the CNY 36-37/KG series achieved, these sellers started to refuse deals on those levels and are now actively looking for further elevations.
Additional trade sources have shown that some polysilicon manufacturers try to take advantage of an improved sentiment – requested by administrative interventions – to quickly push the prices to CNY 45/kg. Although certain producers have already issued N-type polysiliconcitates above CNY 45/kg, so far no Wafers have accepted buyers at that level.
As the prices of polysilicon rose, wafer producers also began to adjust their offers in response, with the aim of ending the cost increases downstream. According to OPIS assessments, transaction prices were on the domestic Chinese market for N-type M10 and G12 waffles respectively CNY 0.913/PC and CNY 1,228/PC. However, participants in the industry reported that the current quotes CNY 1.00/PC exceeded N-type M10 waffles and CNY 1.35/PC for G12 waffles. Despite these increased offer prices, the actual transaction volumes on these levels are reportedly limited, which reflects the resistance of the buyers and cautious purchasing strategies.
The Bullish Sentiment on the Spotmarkt has also been expanded to the Futures market. From July 14, 2025, the settlement prices for Polysilicon -Futures on the Guangzhou Futures Exchange varied for deliveries planned between July and December 2025 from CNY 35,320/kg to CNY 41,945/kg. For contracts that ripen in the first half of 2026, the settlement prices rang between CNY 41,795/kg and CNY 42.575/kg, with the highest price registered for delivery of June 2026. According to sources from the industry, these values are approaching the money -cost line for certain producers, which suggests that the growing confidence.
The upward movement in place and futures prices is generally seen as a reaction to the final round of government intervention, which has shifted from encouraging voluntary production deployment and self-regulation in industry earlier in the year to maintaining minimum prices since July.
A market observer noted that although these recent policy measures have contributed to stabilizing prices, their long -term effectiveness remains uncertain. “Polysilicon inventories are still high and the electricity demand in the second half of the year seems limited. Ultimately, the sustainability of each price deviation will depend on the underlying balance between supply and demand,” concluded the observer.
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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