SMM

In July, China's polysilicon production reached 150,000 mt, showing a slight decrease of less than 1% MoM. The overall scheduled production of polysilicon stayed stable with minor fluctuations, but there were variations among producers. One second-tier producer resumed production, and a leading producer increased output from its production line, contributing to new increments. Additionally, two other leading producers experienced production cuts. Compared to the downstream demand from PV wafers, polysilicon remained in surplus. In August, China's polysilicon production is expected to be 139,000 mt. The reduction will mainly come from the complete shutdown of some bases by a leading domestic producer. However, the increased output from two bases in Inner Mongolia by another producer will partially offset the reduction.