Polysilicon prices in a fragile balance

China’s photovoltaic market has shown tentative signs of stabilization over the past month, following an extended period of sharp price declines across the supply chain. The China Mono Premium – OPIS’ assessment for mono-grade polysilicon used in n-type ingot production – remained unchanged for a fourth consecutive week at CNY 34.071 ($5)/kg, or CNY 0.072/W. Before this stabilization, the benchmark had declined continuously for several weeks beginning in late February, falling by more than 33% from end-February levels.