PV Market Sentiment Cools, Downstream Prices Frequently Decline, Weakening Upstream [SMM Weekly Review]
【SMM Weekly Review: PV Market Sentiment Cools, Downstream Price Drops Weaken Upstream】This week, the mainstream transaction prices for N-type recharging polysilicon were 39-45 yuan/kg, and for N-type dense polysilicon, 37-41 yuan/kg. Polysilicon prices fell this week, as significant price drops in the downstream market affected upstream sentiment, coupled with increased willingness of some top-tier polysilicon enterprises to sell externally, leading to a decline in polysilicon prices. This week, it was reported that a top-tier enterprise concluded a large order with a downstream crystal pulling plant at 37 yuan/kg, but the market debunked this, and no actual transaction occurred. Futures prices significantly deviated from previous industry expectations, and some polysilicon enterprises began to show intentions to stand firm on quotes today. As the installation rush season nears its end, from a demand perspective alone, the downstream of the PV industry chain is expected to be pessimistic.
