The average price of polysilicon rose again this week, marking the 28th round of prices increases this year alone, according to data released by China’s Silicon Industry Association.
The average price of silicon materials in China continued to rise this week after power rationing was implemented in key Chinese provinces following extreme heat in much of the country
The price of polysilicon in China rose across the board last week, despite signals that it may have stabilised, constituting the 25th round of price increases this year alone.
China’s polysilicon price finally stabilised this week, according to the Silicon Industry Branch of the China Nonferrous Metals Industry Association, following several long-term contracts being signed, helping to reduce market volatility in the short-term.
Polysilicon prices will likely continue rising throughout 2022 and only soften towards the very end of the year, driven by unfaltering demand and panic buying.
Last week saw yet another price increase from some of the solar industry’s largest manufacturers, continuing a trend that has placed some of the sector’s largest providers under heightened margin pressure and PV project developers the world over under strain.
Solar wafer prices have continued rise this week, with the latest pricing indications in China contributing towards a price increases of between 10.8 – 14.4% since the start of the year.
