Polysilicon Price Trend and Forecast 2026-2027

United States paid the most for polysilicon in Q2 2026: USD 22.80/KG, up 6.0% from USD 21.50 in Q1. Polysilicon is produced by refining metallurgical-grade silicon through the Siemens trichlorosilane process into ultra-high-purity granular or chunk material, graded from solar grade at 6N to 9N purity through electronic grade at 11N purity for semiconductor wafer production.

China has built such overwhelming solar-grade manufacturing capacity that persistent domestic oversupply has pushed Chinese pricing to levels far below production cost in the West, a dynamic that has driven anti-dumping duties and import restrictions in the United States and parts of Europe. Those trade measures have created a genuinely bifurcated global market: tariff-protected US pricing several multiples above Chinese domestic levels, with Germany and South Korea occupying an intermediate position as established but smaller-scale non-Chinese producers.

Solar panel manufacturing consumes the overwhelming majority of global polysilicon by volume, making this market's demand side almost entirely a function of global solar installation growth rather than the broader industrial or electronics activity that drives many other chemicals in this pipeline. Semiconductor-grade electronic polysilicon, requiring far higher purity than solar grade, represents a much smaller volume but commands a substantial premium, and its production is concentrated among an even smaller number of specialised producers than solar-grade material.

United States ran roughly 277% above China, the least expensive of the group, in Q2 2026. Sourcing teams comparing origins should treat that gap as a starting point, not the full picture, since freight and duty costs still need adding on top.

Polysilicon Price Forecast for 2026

Expect China's price to remain under pressure through H2 2026 given persistent domestic oversupply relative to even strong global solar demand growth. The United States, Germany, and South Korea should continue trading well above Chinese levels, with the exact premium depending on the trajectory of trade policy and import restrictions. Any consolidation among Chinese producers or coordinated production cuts would be the clearest catalyst for a Chinese price recovery, though such coordination has proven difficult to sustain historically. Global solar installation growth remains the dominant demand driver to watch, given how heavily polysilicon consumption depends on that single end use relative to most other chemicals in this pipeline.

The 4-region average rose 4.6% between the first and second quarters of 2026. We see little reason for that trend to reverse through H2, barring a genuine shift in the factors driving it.

For the Quarter Ending June 2026

Polysilicon Prices Q2 2026:

• China: USD 6.05/KG
• United States: USD 22.80/KG
• Germany: USD 18.90/KG
• South Korea: USD 15.05/KG

Polysilicon Prices in China

USD 6.05/KG. That is where China landed in Q2 2026, down 7.6% from USD 6.55/KG in Q1 2026, placing it the most affordable across the 4 regions covered in this report.

Why did the price of Polysilicon change in Q2 2026 in China?

Persistent domestic oversupply relative to demand kept Chinese pricing under pressure, extending the decline seen since early 2026, leaving China running roughly 61.5% below the 4-region average for the quarter.

That is faster than the 4.9% average quarterly move China has posted across the six quarters this report tracks.

Polysilicon Prices in United States

United States's price gained 6.0% to USD 22.80/KG, tariff-protected domestic demand and limited import competition kept US pricing climbing well above Chinese levels, putting it the priciest of the 4 markets tracked this quarter.

Why did the price of Polysilicon change in Q2 2026 in United States?

Tariff-protected domestic demand and limited import competition kept US pricing climbing well above Chinese levels, with United States now sitting about 45.2% above the 4-region average this quarter.

United States has averaged 2.5% a quarter over the six quarters this report tracks; this move came in faster than that longer-run pace.

Polysilicon Prices in Germany

In Q2 2026, Germany priced at USD 18.90/KG, up 6.2% from USD 17.80/KG the previous quarter, making it the 2nd most expensive of the 4 markets tracked here this quarter.

Why did the price of Polysilicon change in Q2 2026 in Germany?

Steady European solar manufacturing demand met tighter regional supply, supporting a firm increase, which puts Germany roughly 20.4% above the average across the 4 regions this report tracks.

Set against a 2.3% average quarterly pace over the six quarters this report tracks, Germany's move this quarter landed faster than that trend.

Polysilicon Prices in South Korea

South Korea reached USD 15.05/KG in Q2 2026, consistent domestic and export demand supported a firm quarter, ranking it the 3rd most expensive among the 4 markets this report follows.

Why did the price of Polysilicon change in Q2 2026 in South Korea?

Consistent domestic and export demand supported a firm quarter, even as South Korea remained more competitively priced than the US or Germany, working out to South Korea trading about 4.1% below this quarter's 4-region average.

Measured against South Korea's own average pace of 2.4% a quarter across the six quarters this report tracks, this move came in faster than that pace.

For the Quarter Ending March 2026

Polysilicon Prices Q1 2026:

• China: USD 6.55/KG
• United States: USD 21.50/KG
• Germany: USD 17.80/KG
• South Korea: USD 14.20/KG

Polysilicon Prices in China

USD 6.55/KG. That is where China landed in Q1 2026, down 4.3% from USD 6.84/KG in Q4 2025, placing it the most affordable across the 4 regions covered in this report.

Why did the price of Polysilicon change in Q1 2026 in China?

Persistent oversupply from expanded manufacturing capacity kept pricing on a declining trajectory as the year began, leaving China running roughly 56.4% below the 4-region average for the quarter.

That is slower than the 4.9% average quarterly move China has posted across the six quarters this report tracks.

Polysilicon Prices in United States

United States's price gained 1.6% to USD 21.50/KG, tariff protection and limited import competition supported a firm start to 2026, putting it the priciest of the 4 markets tracked this quarter.

Why did the price of Polysilicon change in Q1 2026 in United States?

Tariff protection and limited import competition supported a firm start to 2026, with United States now sitting about 43.2% above the 4-region average this quarter.

United States has averaged 2.5% a quarter over the six quarters this report tracks; this move came in slower than that longer-run pace.

Polysilicon Prices in Germany

In Q1 2026, Germany priced at USD 17.80/KG, up 1.3% from USD 17.57/KG the previous quarter, making it the 2nd most expensive of the 4 markets tracked here this quarter.

Why did the price of Polysilicon change in Q1 2026 in Germany?

Steady demand from the region's solar manufacturing base carried prices higher, which puts Germany roughly 18.6% above the average across the 4 regions this report tracks.

Set against a 2.3% average quarterly pace over the six quarters this report tracks, Germany's move this quarter landed slower than that trend.

Polysilicon Prices in South Korea

South Korea reached USD 14.20/KG in Q1 2026, consistent regional demand supported a firm early-year increase, ranking it the 3rd most expensive among the 4 markets this report follows.

Why did the price of Polysilicon change in Q1 2026 in South Korea?

Consistent regional demand supported a firm early-year increase, working out to South Korea trading about 5.4% below this quarter's 4-region average.

Measured against South Korea's own average pace of 2.4% a quarter across the six quarters this report tracks, this move came in slower than that pace.

Quarterly Polysilicon Price Trends

The global average climbed steadily across the window, from USD 14.57/KG in Q1 2025 to USD 15.70 by Q2 2026, a gain of 7.7% over six quarters.

What was Polysilicon Price in 2025?

2025 was a steadily firming year for polysilicon. Starting near USD 14.57/KG in Q1, the global average finished the year at USD 14.89, a 2.2% increase across the four quarters.

Polysilicon Prices in China in 2025

China prices moved from about USD 7.80/KG in Q1 2025 to USD 6.84 by Q4, down roughly 12.3%, leaving China in 4 place among the 4 tracked markets heading into the new year.

Polysilicon Prices in United States in 2025

United States prices moved from about USD 20.20/KG in Q1 2025 to USD 21.17 by Q4, up roughly 4.8%. That left United States ranked 1 of 4 tracked markets heading into 2026.

Polysilicon Prices in Germany in 2025

Germany prices moved from about USD 16.90/KG in Q1 2025 to USD 17.57 by Q4, up roughly 4.0%, placing Germany 2 of 4 tracked markets as 2025 closed out.

Polysilicon Prices in South Korea in 2025

South Korea prices moved from about USD 13.40/KG in Q1 2025 to USD 14.00 by Q4, up roughly 4.4%. South Korea closed the year ranked 3 of the 4 markets this report tracks.

How We Can Help

Expert Market Research: Your Source for Real-Time Polysilicon Price Intelligence

Our analysts track polysilicon pricing across every major producing and consuming region, working back from the headline number to the metallurgical-grade silicon and trichlorosilane (Siemens process) costs and demand shifts actually driving it. That view gets refreshed regularly as new cost, policy, and demand data comes in.

Production capacity, feedstock cost trends, and regional demand signals all feed into our forecasts, which are built to support real procurement decisions like budgeting and supplier negotiation rather than serve as a single static reference point.

Our analysts can also provide a more granular regional breakdown, extended historical data beyond this report's six-quarter window, or a custom sourcing analysis built for your specific footprint.

We track solar-grade and electronic-grade polysilicon pricing separately, since the semiconductor industry's purity and quality requirements put electronic-grade material in a genuinely distinct market from the solar panel supply chain.