Polysilicon futures prices fell below the 40,000 yuan per ton mark.

On March 19, a major signal came from the upstream of the photovoltaic industry chain. At the close of the day, the main contract of polysilicon on the Guangzhou Futures Exchange fell below the 40,000 yuan/ton mark, closing at 38,550 yuan/ton, a drop of 5.77%. "This is a landmark event," said Qu Fang, an investment advisor at Wanjian Securities in an interview with reporters. The price of 40,000 yuan/ton is widely regarded as the cash cost line for some top companies in the polysilicon industry. With the futures price falling below this threshold, it means that the market is putting "extreme pressure" on high-cost production capacity. In the spot market, the latest weekly analysis of polysilicon prices released by the Silicon Branch of the China Nonferrous Metals Industry Association on the evening of March 18 showed that the average price of N-type recycled polysilicon was 43,200 yuan/ton, a decrease of 4.42% compared to the previous week; the average price of N-type granular silicon remained at 44,000 yuan/ton. According to data from the Shanghai Nonferrous Network, the price of recycled polysilicon has fallen by over 20% since the beginning of March.