In recent days, due to the rebound of demand for raw materials in the solar photovoltaic cell industry at home and abroad, the spot market price of polysilicon in the country has reached around US$85/kg, and the quotation on the international market has even exceeded US$90/kg. The price has risen by about 40% compared to the 60 US dollars/kg in June. Driven by this good news, the share price of the polysilicon sector has continued to rise recently.

Li Shengmao, a senior research fellow at China Investment Consulting Co., Ltd., pointed out that in recent years, the price of polysilicon on the domestic and foreign markets has fluctuate greatly, which is directly related to the changes in demand of the downstream solar photovoltaic cell industry. Because the solar photovoltaic industry is an emerging industry, its market competitiveness is still very weak, so the industry is very dependent on the government's subsidy policy, and it is more relevant to the overall macroeconomic trend. It should be said that the recent increase in demand for the polysilicon industry is directly related to the stabilization and recovery of the world’s macroeconomics.

Li Shengmao believes that the recent spot price of polysilicon has risen significantly, and in fact it is more of a recoverable rise. Affected by the international financial crisis, the increase in installed capacity of the world's photovoltaic power generation industry fell sharply in 2009, which directly led to a sharp decrease in the demand for polysilicon by solar cell manufacturers. The market price of polysilicon dropped sharply under this background. . Since 2010, with the improvement of the world economic situation, the prosperity of the photovoltaic industry has rapidly increased. This has brought about a recovery of the market's demand for polysilicon, and its market price has risen dramatically.

The price of polysilicon in the spot market has risen sharply. There are also some artificial speculation factors. The “2010-2015 China Solar Photovoltaic Power Industry Investment Analysis and Forecast Report” released recently by the China Investment Advisor pointed out that most of the sales of polysilicon manufacturers at home and abroad were completed through the signing of long-term supply agreements with downstream manufacturers. The long-term agreement to a large extent has a long-term role in locking product prices, so the price of polysilicon spot market soared in such a short period of time, apparently caused by changes in the supply and demand relationship in the spot market, due to the inflow into the spot market. The total amount of polysilicon is not large, so it is very easy for some investors to hype.

Li Shengmao stressed that the possibility of a slowdown in the price of polysilicon in the country is likely to slow in the future. From the aspect of supply, at present, many polysilicon production lines in China have to be completed and put into production in the second half of 2010, which will result in the centralized release of polysilicon production capacity in the domestic market. In the case of abundant supply of polysilicon in the market, it is clear that the price of polysilicon continues to rise sharply. Necessary support.

From the aspect of demand, on the one hand, companies with large amounts of silicon will have fixed supply channels, and most of them will sign long-term supply agreements. Therefore, it is unlikely that this part of the company will switch to the spot market to purchase polysilicon. In addition, due to the recent increase in the price of polysilicon on the market, some solar cell manufacturers have started to increase their polysilicon inventories. For some time in the future, this part of companies will not have too much demand for polysilicon.