Organization: Due to the dual squeeze of supply and demand, the short-term downside risk of silicon material prices will further increase.

On January 23, TrendForce released a global photovoltaic industry chain price trend report, indicating that the inventory of the polysilicon industry is at a high level, surpassing 510,000 tons and continuing to be in a state of accumulation. Due to the marginal effect of storage platforms and industry self-discipline fading, combined with their own high inventory situation, silicon material companies are facing increasing pressure to reduce inventory and operate. On the demand side, downstream silicon wafer links have already started to reduce prices, pushing industry chain cost pressures in reverse, directly forcing upstream silicon material prices to decrease, and reducing the acceptance of high-priced silicon materials by the demand side. In the short term, due to the dual pressure of supply and demand, the risk of downward pressure on silicon material prices will further increase.