Polysilicon: Trading
Where wafer makers buy and what a kilo costs now
What this tab covers How it is bought and sold: buyers and sellers, price benchmarks and who publishes them, exchanges, contract types, traders, how Indian buyers price it, recent price points, and good sources to follow.Who buys, and where
- Chinese wafer makers (LONGi, TCL Zhonghuan, Gokin, JA, Jinko)
- Non-Chinese wafer makers for US and Indian markets (Qcells, OCI-linked, Indian ingot-wafer lines)
- Semiconductor wafer makers (Shin-Etsu, SUMCO, Siltronic, GlobalWafers)
Who sells, and from where
- Tongwei, GCL, Daqo, Xinte, East Hope, Asia Silicon (China)
- Wacker, Hemlock, OCI TerraSolar (non-Chinese)
Price benchmarks
| Benchmark | Publisher | Basis |
|---|---|---|
| SMM and InfoLink polysilicon prices (n-type dense, granular) | SMM; InfoLink | weekly, CNY/kg |
| PVInsights global polysilicon price | PVInsights | weekly, $/kg |
Exchanges
| Venue | Contract | Notes |
|---|---|---|
| Guangzhou Futures Exchange | polysilicon futures (CNY/t), listed December 2024 (indicative) | growing hedge for Chinese chain |
Contract types
- Long-term volume agreements with monthly price setting (e.g. Tongwei-LONGi 862,400 t for 2024-2026)
- Spot sales at weekly index
- Non-Chinese traceable supply at a premium
Traders and distributors
- Few; mostly direct; some Chinese trading houses for spot
How Indian buyers price it
- Indian ingot-wafer makers import Chinese polysilicon at export prices; domestic polysilicon will need PLI support to compete (ThePrint, 2026)
- ALMM List-III from June 2028 will create a premium for Indian wafers
Recent price points
| Date | Price | Basis | Source |
|---|---|---|---|
| 7 Jul 2026 | RMB 32.3/kg ($4.75/kg) | OPIS China Mono Premium (n-type), China | OPIS via pv magazine (10 Jul 2026) |
| 16 Dec 2025 | RMB 52.2/kg | OPIS China Mono Premium, China | OPIS (17 Dec 2025) |
| 2025 average | $5.25/kg | Daqo average selling price | Daqo FY2025 results |
Good sources to follow
PV Techfree newsletter · Informapolysilicon, wafer and module industry news and prices
pv magazine (Chinese PV Industry Brief)free newsletter · pv magazine groupChinese polysilicon company results and prices
Mercom Indiafreemium newsletter · Mercom Capital GroupIndian solar manufacturing pipeline and ALMM
OPIS solar newsfreemium newsletter · OPIS (Dow Jones)solar supply chain policy and prices