Industry Body: Expectations for Silicon Material Stabilization Strengthen, Module Prices Under Pressure

36Kr reports that according to JonBard Consulting, silicon material inventories continue to accumulate, with weekly stock levels maintaining above 5.6 million tons; supply-demand surplus pressure has not yet significantly eased. This week, the Hangzhou self-discipline meeting promoted a unified minimum sales price for polycrystalline silicon enterprises, and combined with industry expectations of approximately 20,000 tons of production cuts in October, market sentiment for price support has strengthened. However, current silicon material production schedules remain slightly higher than downstream crystal pulling demand; while production cuts help alleviate supply-demand contradictions, they are unlikely to reverse the situation of high inventories in the short term. This week, silicon material market transactions remained sluggish, but some companies secured orders of a certain scale at prices above 40 yuan/kg, providing support for market prices. As downstream crystal pulling factories accelerate consumption of their own inventories, the probability of silicon material price stabilization increases, a high-price system is gradually forming, and market sentiment has become more stable.