According to statistics released by Antaike this week, silicon wafer prices have remained stable. The current market is characterized by ample supply, sluggish demand, and a tug-of-war driven by policy expectations, creating a state of strategic standoff. In the near term, the silicon wafer market is likely to maintain a subdued trading posture.

Going forward, market watchers will need to keep a close eye on the supply-demand dynamics of silicon wafers and any shifts in the price of upstream polysilicon to gauge their potential impact. This week, the market has been dominated by a cautious wait-and-see sentiment, with actual transaction volumes remaining limited. Only a handful of enterprises have completed small-scale deals, leaving prices essentially unchanged.

Specifically, the average transaction price for N-type G10L monocrystalline silicon wafers (182*183.75mm/130μm) stood at 1.01 yuan per piece. Similarly, N-type G12R wafers (182*210mm/130μm) averaged 1.03 yuan per piece, while N-type G12 wafers (210*210mm/130μm) averaged 1.15 yuan per piece—all unchanged from the previous week.

According to field research, prices for downstream solar cells and modules also held steady week-on-week. The mainstream solar cell price range is 0.29-0.31 yuan per watt, with module prices ranging between 0.69-0.71 yuan per watt, showing no notable fluctuations. On one hand, upstream polysilicon prices remain relatively stable, providing a degree of cost support for wafer pricing, which has strengthened manufacturers' resolve to hold prices firm. On the other hand, downstream demand continues to be weak, with battery producers placing few wafer orders and predominantly purchasing only small batches based on strict just-in-time needs while pressing for lower prices.

In summary, the supply-demand imbalance in the wafer market has yet to be resolved. Both upstream and downstream players remain locked in a stalemate, largely adopting a wait-and-see stance, which has kept prices in a stable but fragile equilibrium. Research indicates that the industry's overall operating rate this week was flat compared to last week. Among them, the two leading companies are operating at 52% and 54% capacity, integrated manufacturers are running between 56% and 60%, and the remaining enterprises report operating rates ranging from 50% to 78%.