The World Polysilicon Marker (GPM), the OPIS benchmark evaluation for polysilicon produced outdoors China, fell for the primary time in three weeks within the newest value evaluation on Might 30 to $32.171/kg after further market exercise introduced by the sixteenth Worldwide Photo voltaic Photovoltaics. and Sensible Power Convention and Exhibition (SNEC) in Shanghai. The foremost photo voltaic occasion, noticed photo voltaic gamers slicing offers and reporting costs decrease than earlier highs.

The 7.25% lower is the biggest proportion lower in GPM thus far this yr. Most sources, contacted by SNEC or the OPIS market survey afterwards, put ex-China polysilicon costs at or beneath the psychologically essential degree of $30/kg. A tier-one module maker has agreed to purchase polysilicon at $29/kg from a world producer, in line with a number of sources.

One other international producer agreed that costs have been on this vary, but in addition indicated that it had not made any transactions with SNEC and deliberate to chop its offers afterwards.

Chinese language polysilicon costs, assessed as China Mono Grade by OPIS, continued their decided march downwards additionally in step with the SNEC. Home costs hit their lowest degree in 4 months at 126.67 CNY ($17.7)/kg this week. Market chatter that the already sturdy charge at which native costs are falling will speed up considerably after the SNEC has confirmed to be unfounded. China Mono Grade’s roughly 8% drop this week is corresponding to final week’s roughly 7% drop.

Polysilicon costs in China are anticipated to drop beneath 100 CNY/kg quickly, with OPIS anticipating the crucial determine to be reached as quickly as subsequent month. With discussions of this quantity swirling aggressively at and since SNEC, one supply summed up the discourse aptly, saying “No one expects to cease the slide of Chinese language poly beneath 100.”

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