Currently, non-Xinjiang wafers with traceability data generally carry a quoted premium of RMB 0.15–0.2/pc. Starting February 2025, spot price updates for 183mm n-type wafers in dollar terms will be introduced. The high prices for M10 PERC and TOPCon cells is based mostly on those of Southeast Asian origins.
Currently, non-Xinjiang polysilicon with traceability data generally carries a quoted premium of RMB 3–5/kg. Polysilicon prices in dollar terms are prices for polysilicon with non-China origins in dollar terms, not translated from RMB prices.
On average, the transaction price for n-type dense polysilicon reached RMB37,100/ton, up 6.92% week-on-week. The transaction price range for n-type granular silicon was RMB34,000-37,000/ton, with an average transaction price of RMB35,600/ton, a 6.27% increase from the previous week.
Price Outlook: Polysilicon prices remained weak but steady this week. The main support lies on the cost floor of the supply chain. Specifically, wafer prices have already fallen to cash-cost levels, meaning current pricing is largely held up by higher polysilicon costs.
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Price Trends: Wafer prices saw a substantial increase, driven by upstream silicon material hikes and “anti-internal competition” policy expectations. While trading activity …
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