In China, polysilicon futures on the Guangzhou Futures Exchange closed at 38,950
yuan/ton by midday March 19, dropping below 40,000 yuan/ton. The decline was
driven by competition and low-price strategies in the domestic wafer market
after the Lunar New Year, with some wafer models falling 20–30%. Lower wafer
procurement prices, influenced by costs and sentiment, prompted some Chinese
polysilicon suppliers to preemptively cut prices, fueling successive declines.
