Polysilicon prices plunged more than 30% in two weeks, and the market is pessimistic

The China Securities Journal reporter learned from the China Nonferrous Metals Industry Association Silicon Industry Branch that in the past two weeks, the domestic polysilicon fell again by 35.1%. As of the end of last week, the domestic transaction price has dropped to 23-25 ​​million yuan / ton, the market pessimistic atmosphere rose to a new high. It is understood that although the price has been expected to decline gradually in the second half of the year, such a rapid decline has caused most manufacturers to be caught off guard. The analysis pointed out that in this market environment, the closure of small and medium-sized polysilicon enterprises is almost a foregone conclusion. For domestic big manufacturers, such prices are also a serious loss of production. Some polysilicon manufacturers said that the bulk trade in the market has almost stagnated. With the extension of time, domestic polysilicon inventories will soon rise, and the market price will be pulled down again quickly. If the market continues, polysilicon is likely to fall below 200,000 yuan / ton at the end of October. The pessimistic atmosphere also spread to the field of downstream photovoltaic modules. According to the latest market research report released by Solarbe, the average profit of domestic PV modules will drop by 70% in the fourth quarter of this year, and the overall gross profit margin will fall by 17% to 12.4%. .  

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