Manufacturers still hold conservative attitudes before the US-China anti-dumping and countervailing final determination is announced next week. Downstream polysilicon manufacturers’ high level of stocks led to an average polysilicon price of $20.2/kg, down 2.42%. High-efficiency multi-si wafer price remained at $0.905/piece, while mono-si wafer price was $1.145/piece. Cell demand and shipment both increased in November, leading to a cell price quote of $0.332/w. There were not many changes between multi-si and mono-si cell prices. First-tier producers could see orders one to two months ahead, hence this week’s module price is similar to last week’s - $0.575/w for 250W multi-si module and $0.635/w for 265w mono-si module.