Polysilicon Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Polysilicon in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Polysilicon Price Trend for the Second Half of 2023

Asia

The polysilicon market attracted little attention from end-user industries, which led to month-to-month price fluctuations in 2023's third and fourth quarters. Particularly severe fluctuations were seen in the third quarter when production output greatly outpaced demand while consumption in the automotive sector remained low. Reduced production costs and polysilicon pricing were also influenced by a drop in raw material prices brought on by restricted procurement.

Polysilicon Price Chart

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Throughout the final month of the third quarter and the majority of the subsequent quarter, stability slowly surfaced in the market as the market dynamics started to improve. Due to the relaxation of restrictions on the supply of semiconductors, the automobile industry's demand increased, and production activities decreased, resulting in this stability.

Europe

The final month of the third quarter saw a significant and abrupt drop in polysilicon prices after a period of stagnation in the preceding months. Production costs and the significant decline in demand from downstream sectors were the main causes of this decline.

As a result, the market needed a long time to recover before showing any encouraging signs in the fourth quarter. Though their effects on the market were only felt in the final month of the year, the steady rise in raw material costs and demand from end-user sectors from the start of Q4'23 serve as indicators of this recovery.

North America

The downstream rubber sectors in North America had severe difficulties in the third quarter of 2023, which greatly affected the trend of polysilicon prices. The demand and supply sectors of the market noticeably moved opposite each other during this time, which made trading activities worse. Further, the feedstock industries did not assist the industry at all during this period, which added to the drop in polysilicon pricing. But soon after, the dynamics of the market started to change in favor of an upward momentum. Due to decreased production output in the fourth quarter and rising demand, stocks were reduced, and polysilicon prices rose.

Analyst Insight

According to Procurement Resource, the price trend of Polysilicon is estimated to continue on its southward journey as the current market trends of the downstream industries are showcasing dim momentum in the near quarters.

Polysilicon Price Trend for the First Half of 2023

Asia

The production activities and market trend of polysilicon are dependent on its feedstock silicon. In the first quarter, the slowdown of downstream sectors caused a significant rise in the stockpile levels. The market was also quiet due to the Lunar New Year holidays in China and the lower appetite of consumers.

In March, the production rates also slumped, resulting in the sluggish nature of the overall polysilicon market. With the commencement of the second quarter, the decline in prices also accelerated. The buyers became more hesitant to place orders in bulk due to the weak condition of the economy.

Europe

In European countries, the prices of polysilicon followed a bearish trend throughout the first and second quarters of 2023 as the interest in the automotive and downstream aluminum alloy industries took a dip. The fall in the cost of energy production helped the market to maintain its momentum, but the negative trading activities hampered the growth of the polysilicon prices. In the second quarter, the financial indicators indicated that the European markets were moving forward to a phase of recession that eventually led to the downfall in the price trend of polysilicon.

North America

The decline in the polysilicon price trend in the first and second quarters of 2023 was caused by the rising cost of production, reduction in earnings, expensive labor, and low interest of buyers in this sector. Further, the failure of two major banks in the region led to a rise in pressure on the market activities of polysilicon and was a significant cause behind the decline in its prices. The supply-demand gap widened in the second quarter as a result of consistently rising inventory levels and the underperformance of the whole US market.

Analyst Insight

According to Procurement Resource, the price trend of Polysilicon is expected to remain on the negative side due to low support from the downstream industries and plunging overall global polysilicon market sentiments.

Procurement Resource provides latest prices of Polysilicon. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.