# Polysilicon: Trading

Where wafer makers buy and what a kilo costs now

Source page: https://www.materialinsights.org/chemicals/polysilicon/trading/

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 Tech](https://www.pv-tech.org/)free newsletter · Informa

polysilicon, wafer and module industry news and prices
[pv magazine (Chinese PV Industry Brief)](https://www.pv-magazine.com/2025/09/12/chinese-pv-industry-brief-tongwei-gcl-and-daqo-post-steep-h1-losses/)free newsletter · pv magazine group

Chinese polysilicon company results and prices
[Mercom India](https://mercomindia.com/indias-polysilicon-manufacturing-pipeline-reaches-30-gw-but-production-yet-to-begin)freemium newsletter · Mercom Capital Group

Indian solar manufacturing pipeline and ALMM
[OPIS solar news](https://www.opis.com/resources/energy-market-news-from-opis/india-extends-solar-almm-framework-to-ingots-and-wafers/)freemium newsletter · OPIS (Dow Jones)

solar supply chain policy and prices

## Other sections

- [Summary](https://www.materialinsights.org/chemicals/polysilicon/index.md)
- [Overview](https://www.materialinsights.org/chemicals/polysilicon/overview/index.md)
- [Correlation](https://www.materialinsights.org/chemicals/polysilicon/correlation/index.md)
- [Production route](https://www.materialinsights.org/chemicals/polysilicon/routes/index.md)
- [Production](https://www.materialinsights.org/chemicals/polysilicon/production/index.md)
- [Feedstocks](https://www.materialinsights.org/chemicals/polysilicon/feedstocks/index.md)
- [Cycles](https://www.materialinsights.org/chemicals/polysilicon/cycles/index.md)
- [Movement](https://www.materialinsights.org/chemicals/polysilicon/movement/index.md)
- [Regulation](https://www.materialinsights.org/chemicals/polysilicon/regulation/index.md)
- [Characteristics](https://www.materialinsights.org/chemicals/polysilicon/characteristics/index.md)
- [Emissions](https://www.materialinsights.org/chemicals/polysilicon/emissions/index.md)
- [Relationships](https://www.materialinsights.org/chemicals/polysilicon/links/index.md)