The Price of Silicon Wafers Is under Pressure And Is Falling

    On February 5, 2026, the Silicon Industry Association released the latest silicon wafer prices. This week, the prices continued to decline under pressure.

    Among them, the average transaction price of N-type G10L monocrystalline silicon wafers (182*183.75mm/130μm) was 1.20 yuan per piece, down 4.76% compared with the previous week; the average transaction price of N-type G12R monocrystalline silicon wafers (182*210mm/130μm) was 1.26 yuan per piece, down 4.55% compared with the previous week; the average transaction price of N-type G12 monocrystalline silicon wafers (210*210mm/130μm) was 1.45 yuan per piece, down 4.61% compared with the previous week. According to the research, the prices of downstream battery cells and modules did not show significant changes this week, remaining the same as the previous week. The mainstream prices of battery cells were 0.41-0.45 yuan/W, and the mainstream prices of modules were 0.71-0.75 yuan/W.

    Specifically, the terminal installation demand remained weak, and the rise in silver prices caused downstream battery enterprises to face high cost pressure. Pessimism pervaded the industry, and the reduction in production was significant, resulting in a significant shrinkage in silicon wafer purchasing demand. At the same time, some silicon wafer enterprises adopted price reduction and promotional strategies to accelerate the recovery of funds. Under the combined effect of these factors, the silicon wafer prices continued to show a weak trend. According to the research data, the overall industry's operating rate slightly decreased this week. The operating rates of two first-line enterprises were 50% and 46% respectively, while the operating rate of integrated enterprises remained at 50%-68%, and the operating rates of the remaining enterprises were between 50% and 70%.

    In the short term, the demand for silicon wafers will remain in a relatively weak state. Before the Spring Festival, due to the reduction in production scheduling for battery wafers and the market's expectation of a downward trend in the price of silicon materials, the silicon wafer market is expected to experience narrow fluctuations. However, some enterprises plan to further reduce their production levels in February, with monthly output expected to decrease by approximately 5% compared to the previous month. At the same time, as downstream rigid orders gradually come into effect after the holiday, the supply and demand relationship for silicon wafers is expected to gradually recover, which may provide certain support to the market.