China Polysilicon Prices Remain Stable Amid Weak Spot Trading

China's polysilicon prices remained unchanged this week, according to the latest data released by the Silicon Industry Branch on November 4.

The average transaction price of N-type rod polysilicon stood at RMB 43,000 per tonne, unchanged from the previous week. N-type granular polysilicon was traded at RMB 40,000–41,000 per tonne, with an average price of RMB 40,300 per tonne.

Spot market activity remained sluggish, with only two to three companies securing new orders. Transactions for rod polysilicon were particularly limited, while granular polysilicon producers maintained steady shipments.

Manufacturers continued to resist selling below full production costs, helping keep market prices stable. Meanwhile, downstream buyers remained cautious, mainly using existing inventories rather than placing substantial new orders.

Polysilicon futures experienced some fluctuations due to the cancellation of November warehouse receipts. However, the changes were mainly related to delivery procedures and had limited implications for the physical market.

The market remains caught between weak downstream purchasing and manufacturers' efforts to defend prices, keeping near-term price movements relatively stable.