N-type silicon prices have reached a new low, as reported by the China Nonferrous Metals Industry Association’s Silicon Branch.
Prices for n-type silicon and granular silicon have dropped, while p-type silicon prices have remained stable. The market shows signs of a price floor for the third consecutive week.
| Material | Average Price (CNY/kg) | Average Price (USD/kg) | Weekly Change (%) |
|---|---|---|---|
| N-type silicon | 40.1 | 5.55 | -1.72 |
| N-type granular silicon | 36.5 | 5.05 | -0.54 |
| Mono recharge | 38.2 | 5.29 | 0.00 |
| Mono dense | 36.9 | 5.11 | 0.00 |
| Mono popcorn | 33.4 | 4.62 | 0.00 |
Market activity was subdued, with many companies having completed their bulk purchases earlier in the month. Consequently, transaction volumes have decreased.
Notably, 15 companies have begun maintenance shutdowns, while others continue full production. Combined with new production capacity, June’s output is projected to remain between 150,000-155,000 tons, posing a significant inventory risk.
In related sectors, wafer and cell prices continued their decline. Wafer production for June is estimated at 52 GW, down 12.8% from the previous month, while cell production is expected to reach 53 GW, with TOPCon cells decreasing to 40 GW.
Inventory pressures persist, with some manufacturers holding over a month’s supply, indicating further potential price drops.
Module prices also declined this week. Installations in China lagged behind expectations, and international orders grew modestly.
According to customs data, solar cell (including module) exports decreased by 0.9% month-on-month in May and plunged 38.7% year-on-year.
Cumulative exports from January to May fell by 33.3% year-on-year to USD 14.743 billion. This has led to reduced operating rates and squeezed profit margins for module manufacturers.
The industry is now looking toward policy adjustments to stabilize and promote healthy market development.
