# Understanding Global Polysilicon Prices and Their Impact on Solar
The solar industry constantly evolves due to shifting market conditions, trade policies, and technology advancements. One major factor influencing the cost of solar panels for your home is the price of polysilicon, a crucial raw material in photovoltaic (PV) manufacturing. Recent updates from the global polysilicon market demonstrate stability, but potential trade developments could change pricing dynamics.
## The Current State of Polysilicon Prices
As of this week, the **Global Polysilicon Marker (GPM)**—a benchmark for polysilicon produced outside of China—remained stable at **$20.360/kg ($0.046/W)**. This signals a consistent supply-demand balance in the global market. Similarly, in China, mono-grade polysilicon prices also held steady, with manufacturers maintaining production output at relatively stable levels.
However, some noteworthy trends indicate potential shifts in the market. Malaysia’s lower U.S. import tariffs have sustained some wafer and cell production, allowing polysilicon exports from China to Southeast Asia to remain strong. This means that while manufacturers outside of China still compete, a portion of production relies on traceability-compliant polysilicon coming from Chinese sources
Original Article: https://pv-magazine-usa.com/2025/02/21/polysilicon-market-holds-steady-awaiting-policy-driven-shift/
