Polysilicon prices are pressured by overseas light trading. Demand remains weak in overseas market due to the low utilization rates of oversea multi-crystalline wafer makers, pushing the buyers to propose lower polysilicon prices amid the glut. In China, the prices stabilize as the solid demand fails to boost the prices as buyers cannot afford more expensive polysilicon, hindered by the decreasing downstream product prices. For the suppliers, it is more important to secure the orders in August so as to keep the prices at the current level, despite the supply cut caused by their annual maintenance.
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Polysilicon prices in China stagnate this week as the suppliers and the buyers hit a stalemate. As Chinese suppliers consider that current demand is solid, they still intend to boost the prices even though the attempts have not yet succeeded. Also, as expected ramp-up by new entrants are deferred and yearly maintenance are scheduled by some suppliers, the restraint in supply have strengthened suppliers attitude to hold the prices at current level. On the other hand, buyers are asking for price discounts as facing huge pressures from the downstream since the demand is not as robust. Therefore, the stalemate has kept the prices in China immobile this week. On the other hand, polysilicon prices slides on oversupply and the recovery seems impossible since the utilization rates of downstream wafer suppliers remain low in overseas market.
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