Price of photovoltaic polysilicon panels

While Shanghai Metals Market (SMM), EnergyTrend, InfoLink and PVinsights all saw a stable Chinese price for polysilicon used to make n-type ingots, the Silicon Branch of the China Nonferrous Metals Industry Association again observed a price increase this week: for n-type chunks by CNY0.3 to CNY0.5 per kg, for granules even by CNY1.5/kg.

Due to the strong demand and the higher polysilicon costs, the average module price increased to $3.35/W in 2004. With a specific silicon consumption of 13 g/W and an annual spot price average of $43/kg, the share of the higher polysilicon costs ($0.56/W) in the module price ($3.35/W) rose only slightly to 16.7 % in 2004.

Currently, non-Xinjiang polysilicon with traceability data generally carries a quoted premium of RMB 3–5/kg. Polysilicon prices in dollar terms are prices for polysilicon with non-China origins in dollar terms, not translated from RMB prices.

The only solar panel and polysilicon pricing report that adheres to IOSCO reporting requirements. The OPIS Solar Weekly Report is the first and only solar panel and polysilicon pricing report to follow the International Organization of Securities Commissions' (IOSCO) requirements for fair and transparent pricing.

The price of G12 N-type TOPCon cell is RMB 0.26/W and that of G12R N-type TOPCon cell is RMB 0.26/W. The price of 183mm N-type cells has lagged behind amid sharp decrease in market demand, with mainstream module prices still stuck at around RMB 0.23/W. In contrast, price increases for 210mm N-type and 210RN cells have progressed more smoothly.

During the first quarter of 2025, the polysilicon prices in Singapore reached 25 USD/KG in March. The market mirrored worldwide trends, albeit an overstock caused prices to decline. Slow demand and high production costs had an influence on the nation, which is a hub for solar makers.