Market Analysis: Solar Industry Price Trends at Record Low Levels
According to the latest data released by the China Nonferrous Metals Industry Association, the prices of polysilicon products have seen a significant decrease in recent weeks, reaching unprecedented levels. As of May 22, 2025, the price for N-type multicrystalline polysilicon was reported at 38,600 CNY/ton, marking a decrease of 1.53% compared to the previous week. The price for N-type mono-silicon was at 36,000 CNY/ton, remaining stable. Meanwhile, the price for P-type multicrystalline polysilicon dropped to 31,300 CNY/ton, reflecting a decline of 3.10%.
Market analysts have pointed out that the primary reason for this downward trend in polysilicon prices is attributed to the substantial increase in inventory levels and the rapid decline in product prices. With the recent expansion of production capacities, many manufacturers are facing pressure to lower prices to remain competitive. As of May 2025, the cumulative production of polysilicon in China is expected to reach 99.1 kilotons, indicating a 6.08% decrease from the previous month.
This week, the market has seen a further decline in polysilicon prices due to oversupply conditions, with a notable reduction in production costs. The industry is expected to continue facing challenges as demand remains weak amidst high inventory levels. Furthermore, manufacturers are likely to engage in price adjustments to stimulate sales and improve cash flow.
Recent reports indicate that the production of N-type G10L polysilicon has remained at 0.95 CNY/kg, which represents a weekly decline of 5.94%. For N-type G12R polysilicon, the price was recorded at 1.10 CNY/kg, showing a 1.79% decrease. Additionally, N-type G12 polysilicon was priced at 1.30 CNY/kg, reflecting a 3.70% weekly decline.
Despite the downward price trend, industry experts suggest that the market could stabilize if demand improves over the coming months. Currently, the polysilicon prices are still under pressure due to the high inventory and weak demand in downstream markets.
In conclusion, while the polysilicon market is experiencing record low prices, the industry’s future relies heavily on demand recovery and potential production adjustments. The situation remains fluid, and stakeholders are closely monitoring market dynamics as they adapt to the changing environment.
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Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/global-solar-market-faces-price-decline-as-supply-chains-adjust-and-demand-fluctuates/
