This week, the polysilicon market has strong wait-and-see sentiment, and the weak supply and demand situation continues.

According to the statistical data from Antaike, mainstream polysilicon products have no quotation and no transactions this week. Market wait-and-see sentiment has further intensified compared to last week, with new orders completely stagnant and only a few companies making small exploratory inquiries. Downstream industries are mainly focused on digesting existing inventory, with extremely low purchasing intentions. The core reason for the current market stalemate is as follows: firstly, despite the recent decline in silver prices, the absolute prices of key materials such as silver paste remain high, and the cost pressure on cell production has not eased, limiting the downstream acceptance of silicon prices. Secondly, with the approaching Spring Festival, the uncertainty of downstream silicon wafer and cell companies' production plans has increased, causing a delay in short-term purchasing demand. At the same time, the temporary shutdowns and production cuts by silicon material companies have relieved some supply pressure, leading to a further deepening of the market stalemate due to a combination of supply and demand factors.