Premium

PV Price Watch: China’s polysilicon and wafers see price hikes across the board

By Carrie Xiao
Facebook
Twitter
LinkedIn
Reddit
Email

According to the latest pricing data from the Silicon Industry Branch, released on 9 July, the transaction price range for n-type dense polysilicon has oscillated between RMB34,000-38,000/ton (US$4,741-5,299/ton).

On average, the transaction price for n-type dense polysilicon reached RMB37,100/ton, up 6.92% week-on-week. The transaction price range for n-type granular silicon was RMB34,000-37,000/ton, with an average transaction price of RMB35,600/ton, a 6.27% increase from the previous week. 

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Since the first quarter of 2025, silicon material prices have exhibited a wave-like downward trend. By early July 2025, the average price of n-type dense material had dropped to RMB32,000/ton, while the average price of recycled n-type dense material stood at RMB34,000/ton, both hitting a record low. The price of granular silicon stayed within the range of RMB31,000-32,000/ton, with market transaction prices generally hovering at the lower end of this range.

Note: These prices are calculated using a weighted average based on the production ratio of n-type and p-type materials from nine polysilicon manufacturers, which accounted for 87% of domestic production in Q2 2025. Image: Silicon Industry Branch 

According to the analysis by the Silicon Industry Branch, the recent price hike in silicon materials is primarily due to polysilicon companies having operated at a loss for over a year. To clear inventory, prices had plummeted far below overall costs. To comply with the “no sales below cost” pricing regulations, silicon material manufacturers have raised prices in a one-time adjustment above the overall cost threshold.

Silicon material market bottomed out

Wafer manufacturers are still adopting a wait-and-see stance in the short term and have not yet accepted the price hike on a large scale. However, according to feedback from Zhihui Solar, several companies have urgently adjusted prices, with increases ranging from 8% to 11.7% across different sizes.

Price adjustment details for mono wafers (RMB/piece)
ModelPrevious PriceAdjusted PricePrice Increase (%)
n-183.750.9111.1%
n-210R1.031.1511.7%
n-2101.251.358.0%
Source: Zhihui Solar

 

The Silicon Industry Branch stated that while new orders remained limited this week, expectations of price hikes have driven stronger execution of previously signed contracts, with downstream buyers actively pushing for order fulfilment—a stark contrast to the frequent order cancellations observed earlier. This suggests that the silicon material market has bottomed out and is in the process of stabilising. 

From a supply chain pricing perspective, while recent silicon material quotations and transaction prices have risen, the sustainability of this price hike remains uncertain, given relatively weak downstream demand in Q3 and expectations of production expansion during the high-water season. The key factor determining whether the price hike can persist lies in the ability of downstream sectors to pass costs onto end-users. 

On the capital market front, July 8 saw a rare surge in A-share PV industry stocks, with nearly 30 stocks soaring over 10%. Leading companies across various segments including those in PV glass, inverters, and power supplies—saw a broad-based rally.

10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

October 3, 2025
Chinese government policies and supply-side production cuts will drive a significant increase in solar and storage component costs.
September 30, 2025
Chinese solar firm SoleFiori (Hongjun New Energy) has signed an agreement with the Saudi Arabian government to build a 6GW heterojunction technology (HJT) module production facility in the country.
September 26, 2025
Chinese president Xi Jinping has unveiled a new climate target for China at the United Nations Climate Change Summit, which aims to cut by 7-10% China's peak greenhouse gas emissions by 2035.
Sponsored
September 26, 2025
Over the past three years, Tongwei has made a remarkable leap in the solar sector, shipping over 100GW of modules at record-breaking speed.
September 23, 2025
JinkoSolar and LONGi Green Energy have agreed to terminate ongoing patent lawsuits, and enter into a 'cross-licensing agreement'/
September 18, 2025
Indian PV makers have welcomed the government’s plan to add solar wafers to its ALMM List-III from June 2028.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA
Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland