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Price Trend: Market Demand Becomes Weak as Supply Rises, Price Outlook for Q3 Is Not Optimistic
2019-07-11   |  Editor:Annie Chueh  |  102 Numbers

This week, the market officially started to experience oversupply. With the arrival of the low season, manufacturers have taken a cautious attitude, and prices between different segments of the supply chain will experience a tug of war as demand continues to decline. For the tug of war between the upstream polysilicon and si-wafers, the situation is relatively minor and stable. There was capacity overhaul in the supply side, and it can slow the tension between supply and demand. For downstream PV cell and module, there was too much inventory accumulation, so the overall market price was affected. If the market's demand can’t be properly maintained, the phenomenon of price reduction will become more obvious. In terms of the supply and demand in the next few weeks, it is difficult to see an optimistic trend; in the future, the prices will continue to be affected by the market’s supply and demand.

Polysilicon

This week, the market price of polysilicon maintained a similar pattern to last week’s trend. Although the overall demand slowed down, mono-si material price was still maintained, and multi-si material price slightly decreased. So far, this month’s orders have been signed at the end of last month. In terms of capacity adjustment, domestic manufacturers have done well, and there was no shortage problem. Yet, the proportion of production of mono-si material has increased month by month, showing that the market demand for mono-si material is still more than multi-si material. Since Q3, overseas major manufacturers have carried out routine maintenance arrangements. Thus, an impact is expected on the demand for high-purity materials. So far, overseas price has dropped to 9.51-10.02USD/KG, with the average price decreasing to 9.68USD/KG. Global average price has dropped to 9.38USD/KG. Domestic multi-si material price has been 60-63RMB/KG, with the average price declining to 62RMB/KG. Mono-si material price has remained at 74-78RMB/KG.

Si-wafer

Trading in the si-wafer market has not changed much this week, mainly due to slowing downstream demand. Mono-si wafer was deeply affected by price reduction, mainly because of the large gap between demands. Multi-si wafer price continued its steady downward trend in the previous weeks. So far, overseas 156.75mm wafer price has remained at 0.415USD/Pc. 158.75mm wafer price has remained at 0.455USD/Pc. 161.75mm wafer price has remained at 0.460USD/Pc. Multi-si price has been 0.244-0.248USD/Pc. Black silicon product price has dropped to 0.275USD/Pc. Domestic mono-si price has been 3.00-3.11RMB/Pc, with large size price of 3.35RMB/Pc. Multi-si price has remained at 1.87RMB/Pc. Casting mono like wafer price has remained at 1.95RMB/Pc. Black silicon product price has remained at 2.14RMB/Pc.

PV Cell

This week, the PV cell market was affected by the continued accumulation of inventory, and the price began to drop. The traditional low season in Q3 affected the overall delivery speed of the market. So far, overseas general multi-si price has remained at 0.113-0.127USD/W. General mono-si price has remained at 0.115-0.145USD/W. High-efficiency mono-si price has remained at 0.155-0.172USD/W. Ultra-high efficiency mono-si (>21.5%) price has remained at 0.148-0.190USD/W.

Domestic general multi-si price has been 0.81-0.86RMB/W, with the average price dropping to 0.85RMB/W. High-efficiency multi-si price has declined to 0.95RMB/W. General mono-si price has been 0.84-0.88RMB/W, with the average price dropping to 0.86RMB/W. High-efficiency mono-si price has been 1.10-1.16RMB/W, with the average price decreasing to 1.13RMB/W. Ultra-high efficiency mono-si (>21.5%) price has been 1.15-1.19RMB/W, with the average price falling to 1.18RMB/W. Bifacial high-efficiency mono-si price has remained at 1.175RMB/W. Bifacial ultra-high efficiency mono-si (>21.5%) price has dropped to 1.19RMB/W.

Module

This week, for module, the difference of market prices at home and abroad was not large, which is mainly reflected in the price reduction of the high-priced products. Demand for end products will still be affected by the slowdown in overall market momentum. So far, overseas general multi-si (270-275W) price has remained at 0.205-0.250USD/W. High-efficiency multi-si (280-285W) price has been 0.218-0.235USD/W, with the average price remaining at 0.225USD/W. General mono-si (290-295W) price has remained at 0.235-0.251USD/W. High-efficiency mono-si (300-305W) price has remained at 0.268-0.340USD/W. Ultra-high efficiency mono-si (>310W) price has been 0.255-0.385USD/W, with the average price dropping to 0.280USD/W.

Domestic general multi-si price has remained at 1.68-1.75RMB/W. High-efficiency multi-si price has remained at 1.82-1.86RMB/W. General mono-si price has remained at 1.83-1.90RMB/W. High-efficiency mono-si price has been 1.90-2.08RMB/W, with the average price remaining at 2.07RMB/W. Ultra-high efficiency mono-si price has been 1.95-2.15RMB/W, with the average price falling to 2.10RMB/W.

 
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