China Wafer Prices Remain Stable Amid Weak Market Demand

China’s N-type monocrystalline wafer prices remained unchanged this week, according to the latest market data released by the Silicon Industry Branch on October 29.

Average transaction prices were reported as follows:

G10L (182 × 183.75 mm, 130 μm): RMB 1.01 per piece

G12R (182 × 210 mm, 130 μm): RMB 1.03 per piece

G12 (210 × 210 mm, 130 μm): RMB 1.15 per piece

Market activity remained moderate as wafer manufacturers and downstream buyers continued to negotiate over prices. Demand from the domestic market was relatively weak, with most solar cell and module manufacturers prioritizing inventory consumption and placing only small, essential orders.

On the supply side, firm polysilicon prices have provided cost support for wafer manufacturers, limiting their willingness to lower selling prices. Overall industry operating rates remained stable, ranging from around 45% to 70% among different manufacturers.

Meanwhile, solar cell prices also remained relatively stable. Although the cell market still faces oversupply, demand from overseas markets and the release of domestic installation projects have helped improve the supply-demand balance.

In the near term, wafer prices are likely to remain under pressure from weak purchasing activity, while manufacturers continue to rely on cost support to defend current price levels.