Polysilicon Futures Rise on Gains
The most-traded polysilicon futures contract rose on September 21, leading gains across metals and minerals markets. The move reflects positive sentiment in the polysilicon segment amid broadly rising metals prices.
Polysilicon Price Trend Analysis 2026: Supply Demand Analysis, Price Drivers, Latest News, Historical Prices & Market Insights
Written ByShriya Singh
Polysilicon Latest Development
Polysilicon prices hold firm
Polysilicon price index remained broadly stable with no large-volume transactions concluded, as inspections in Inner Mongolia and Xinjiang and ongoing industry meetings fueled wait-and-see sentiment. Top-tier players' quotations stayed costly for downstream buyers, keeping trading activity sluggish and limiting near-term price movement.
Polysilicon Latest Prices Q3 2026
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Polysilicon | China | FOB | USD 4,848.30/MT | July 2026 |
| Polysilicon | USA | CIF | USD 5,035.00/MT | July 2026 |
| Polysilicon | Germany | CIF | USD 4,982.00/MT | July 2026 |
| Polysilicon | India | CIF | USD 4,955.00/MT | July 2026 |
| Polysilicon | Japan | CIF | USD 4,881.00/MT | July 2026 |
| Polysilicon | China | FOB | USD 5,133.18/MT | June 2026 |
| Polysilicon | USA | CIF | USD 5,288.18/MT | June 2026 |
| Polysilicon | Germany | CIF | USD 5,254.18/MT | June 2026 |
| Polysilicon | India | CIF | USD 5,221.18/MT | June 2026 |
| Polysilicon | Japan | CIF | USD 5,166.18/MT | June 2026 |
Stay updated with the latest Polysilicon prices, historical data, and tailored regional analysis
Polysilicon Price Trend Q2 2026
- Global polysilicon prices remained under pressure in Q2’26 as excess solar-grade supply and weak downstream margins limited price recovery.
- Feedstock conditions remained favourable as lower silicon metal costs and competitive electricity advantages kept production costs contained.
- Downstream demand from solar wafer manufacturers remained cautious due to weak module margins and high inventories across the PV chain.
Asia
Polysilicon prices in China declined to ~RMB 36.87/kg in April and ~RMB 35.61/kg in May, showing a ~3.4% decrease. The market remained pressured by excess production capacity, high inventories and intense competition among producers. China continued to dominate global polysilicon supply, with a large production base exceeding domestic demand. Wafer manufacturers maintained cautious purchasing strategies as wafer and module prices remained weak, reducing the need for aggressive raw material procurement. Producers with higher operating costs faced margin pressure, leading to industry efforts to reduce inefficient capacity. Toward the end of Q2, supply discipline and production adjustments helped slow the pace of decline, but pricing remained under pressure due to the imbalance between supply and demand.
Europe
Polysilicon prices in Germany declined to ~EUR 4.71/kg in April and ~EUR 4.59/kg in the following month, showing a ~2.5% decrease. European prices remained relatively higher than China due to import dependency, limited domestic production and demand for traceable, lower-carbon material. Solar manufacturing expansion continued supporting long-term demand, but higher energy costs and stricter sustainability requirements increased production expenses. Buyers focused on supply security and compliance rather than only low-cost material, creating a premium market segment. However, global oversupply and weaker solar component margins limited price growth.
North America
Polysilicon prices in the United States declined to ~USD 5,486.88/MT in April and ~USD 5,382.19/MT in the subsequent month, showing a ~1.9% decrease. The market remained supported by limited domestic supply and policy-driven solar manufacturing investment. Local producers competed through supply reliability, traceability and compliance advantages rather than lower costs. However, global oversupply and weaker module economics continued influencing prices. Solar demand remained supportive, but cautious wafer purchasing and pressure across the photovoltaic supply chain limited stronger market momentum.
Analyst Insight
According to Procurement Resource, polysilicon prices are expected to remain under pressure as supply rationalisation progresses, while recovery will depend on production cuts, inventory reduction and improvement in wafer demand.
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- Global polysilicon prices declined in Q1’26 as oversupply in Asia, elevated producer inventories, and cautious wafer procurement outweighed logistics risks from the Iran war and Strait of Hormuz closure.
- Feedstock and energy-side pressure increased due to higher freight, insurance, and shipping uncertainty, but weak polysilicon market fundamentals kept the overall trend bearish.
- Downstream demand from wafers and solar modules remained slow, with elevated wafer inventories and delayed restocking limiting spot buying across key regions.
Asia
In China, prices showed a 13.76% decrease from January to March, while in India, they witnessed a 14.26% decrease. China remained the main driver of the regional downturn as excess polysilicon availability, high producer inventories, and weak wafer procurement pressured market sentiment. Elevated polysilicon and wafer inventories showed sluggish downstream absorption. India followed the same trend as cheaper Asian cargoes, and weak global solar-chain sentiment reduced replacement costs. The Iran war and Strait of Hormuz closure increased freight and delivery risks, but this was not enough to offset oversupply.
Europe
In Europe, polysilicon prices also moved lower during Q1’26, with Germany recording a 14.06% decrease from January to March. The decline was linked to weaker Asian benchmarks, sufficient availability, soft module-chain demand, and cautious procurement by downstream solar manufacturers. Higher shipping costs and insurance premiums from Hormuz-related disruption raised landed-cost concerns, but buyers resisted higher offers due to weak market sentiment.
North America
In North America, polysilicon prices weakened during Q1’26, with the USA witnessing a 13.59% decrease from January to March. Local buyers remained cautious as global polysilicon oversupply lowered replacement costs. Demand from wafer and module producers stayed restrained, while supply-chain risk from the Middle East mainly affected freight and insurance rather than reversing the bearish price trend.
About Polysilicon
Polysilicon is the most standard material comprising various smaller silicon crystals or crystallites used for developing surface-micromachined devices. It has the same properties as single-crystal silicon, which can be doped by adding impurities. It is probably the purest element on the planet, with a purity of 99.9999999+%.
Polysilicon Product Detail
Chemical Formula
Si
CAS Number
7740-21-3
Molecular Weight
28.08 g/mol
Industrial Uses
In the semiconductor industry, for charging Silicon-based photovoltaic cells (PV Cells), as a resistor, as the active and doped layers in thin-film transistors, as the conducting gate material in MOSFET and CMOS processing technologies, as the raw material in Czochralski process and Bridgeman technique.
Synonyms
poly-Si, or polycrystalline silicon
Supplier Database
OCI, SUMCO Phoenix Corporation, Sichuan Yongxiang Co. Ltd (Tongwei Co. Ltd), GCL-TECH, DaqoNew Energy Co. Ltd., Wacker ChemieAG
Regional Coverage
Asia Pacific
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe
Germany, France, United Kingdom, Italy,Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America
United States and Canada
Latin America
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa
South Africa, Nigeria, Egypt, Algeria, Morocco
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Polysilicon Production Processes
The manufacturing process of polysilicon is a multi-step process, which marks its beginning with the reaction of metallurgical grade silicon and hydrogen gas in a reaction chamber, where the reactants are heated forming silane gas. The gas further undergoes decomposition in a different chamber, thus leading to silicon deposition onto polysilicon seed rod, which is then pulled up. Finally, the rod is annealed, crushed, and sorted removing impurities to give pure polysilicon.
Our Price Analysis Methodology
About the Author
Shriya Singh
Business Insights Analyst
Helping procurement and sourcing teams navigate complex markets through data-driven research, category intelligence, and actionable insights - with a focus on identifying market trends, analyzing supply-side developments, and delivering clear intelligence that supports informed business decisions.
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