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Price Trend: Excess Supply in Mono-Si Markets While Overseas Outbreak Development to Be Monitored
2020-03-12   |  Editor:Emma Hsu  |  441 Numbers

 

The overall market was gradually stabilizing this week. The impact of the outbreak was slowly subsiding. The market prices were once again determined mostly by supply and demand. Judging from the changes in the global market, the supply chain was gradually getting back on track. The overseas markets were still under the impact of the outbreak. India and Japan were still in the peak season at the moment. Their demand continued to be stable at this stage. It is still uncertain regarding how the market will develop, as the outbreak unfolds.

Polysilicon
The prices of polysilicon continued to maintain stability this week. The impact of the outbreak was gradually mitigated in China. The market supply and demand demonstrated more rational developments. As for the market supply, there might be a delay in terms of the additional manufacturing capacity that has been made available recently. The actual supply did not increase as expected. The market demand, on the other hand, has increased due to the rise in the labor return rate from the downstream. These developments in the supply and demand have resulted in stabilizing the prices. There were limited changes in overseas polysilicon. The prices changed as the exchange rate fluctuated.

In the Chinese domestic market, the price range of mono-grade polysilicon remains unchanged at RMB 72~ 75/KG at the moment. The price range of polysilicon remains unchanged at RMB 50~ 55/KG. The overseas price is lowered to US$8.77~ 9.28/KG. The average price is lowered to US$8.97 /KG. The global average price is lowered to US$8.82 /KG.

 

Wafers
The prices of wafers remained stable this week. After the disruption from the outbreak waned, the mono-Si markets showed signs of pressure from excess supply. The said pressure has not led to price fluctuations, which does not guarantee the current stability of prices could be sustainable. Regarding the multi-Si products, the suppliers continued to increase supply to satisfy the market demand, which has stabilized the prices.

In the overseas market, the price range of the multi-Si wafer remains unchanged at US$0.194~ 0.197/Pc at the moment. The price of the black silicon products remains unchanged at US$0.248 /Pc. The price range of the 156.75 mm mono-Si wafer remains unchanged at US$0.380~ 0.405/Pc. The price range of the large size wafer (158.75 mm) remains unchanged at US$0.423~ 0.430/Pc. The price range of the other large size products remains unchanged at US$0.430~ 0.530/Pc.

In the Chinese domestic market, the price range of the 156.75 mm multi-Si wafer remains unchanged at RMB 1.53~ 1.56/Pc. The price of black silicon products remains unchanged at RMB 1.94 /Pc. The price range of the cast-mono wafer remains unchanged at RMB 2.60~ 2.65/Pc. The price range of the 156.75 mm mono-Si wafer remains unchanged at RMB 3.00~ 3.15/Pc. The price range of the large size mono-Si wafer (158.75 mm) remains unchanged at RMB 3.21~ 3.31/Pc. The price range of the 166.75 mm wafer remains unchanged at RMB 3.35~ 3.47/Pc.

 

PV Cells
The PV cell market showed similar developments to the wafer market this week. The excess supply in mono-Si products caused pressure which the small and medium-sized manufacturers cannot bear. There may be a price reduction in the short run. Meanwhile, multi-Si products suffered from insufficient actual supply and continued orders from the demand side of the market. This helped uphold the prices. Therefore were no excessive changes.

In the overseas market, the price range of the general multi-Si cell remains unchanged at US$0.077~ 0.085/W at the moment. The price range of the general mono-Si cell remains unchanged at US$0.101~ 0.107/W. The price range of the high-efficiency mono-Si cell remains unchanged at US$0.111~ 0.120/W. The price range of the superior high-efficiency mono-Si cell (>21.7%) remains unchanged at US$0.118~ 0.170/W.

In the Chinese domestic market, the price range of the general multi-Si cell remains unchanged at RMB 0.57~ 0.59/W. The price of the high-efficiency multi-Si cell remains unchanged at RMB 0.61/W. The price range of the general mono-Si cell remains unchanged at RMB 0.80~ 0.85/W. The price range of the high-efficiency mono-Si cell remains unchanged at RMB 0.88~ 0.94/W. The price range of the superior high-efficiency mono-Si cell (> 21.7%) remains unchanged at RMB 0.89~ 0.94/W. The price of the bifacial superior high-efficiency mono-Si cells (>21.7%) is revised up to RMB0.97 /W.

 

Modules
The market price of modules continued to stabilize this week. China’s domestic demand remained weak. The only hope for the manufacturers was the module exports. There were certain regional markets with steady demand, namely India and Japan, which were in peak season and continued to restock. The local demand has not been affected by the outbreak for the time being. Therefore there were limited changes in demand.

In the overseas market, the price range of the 60-cell general multi-Si (275W-280W) remains unchanged at US$0.195~ 0.229/W at the moment. The average price has been lowered to US$0.203 /W. The price range of the 72-cell high-efficiency multi-Si (325W-330W) is revised up to US$0.205~ 0.238 /W. The average price is raised to US$0.219 /W. The price range of the general mono-Si (305W-310W) remains unchanged at US$0.220~ 0.390/W. The price range of the high-efficiency mono-Si (315W-320W) remains unchanged at US$0.223~ 0.350/W. The price range of the superior-high efficiency mono-Si (>320W) remains unchanged at US$0.226~ 0.390/W.

In the domestic market, the price range of the 60-cell general multi-Si (275W-280W) remains unchanged at RMB 1.50~ 1.61/W. The price range of the 72-cell high-efficiency multi-Si (325W-330W) remains unchanged at RMB 1.55~ 1.63/W. The price range of the general mono-Si (305W-310W) remains unchanged at RMB 1.67~ 1.70/W.
The price range of the high-efficiency mono-Si (315W-320W) remains unchanged at RMB 1.68~ 1.75/W. The price range of the superior-high efficiency mono-Si (>320W) remains unchanged at RMB 1.73~ 1.78/W.

(Image by PublicDomainPictures from Pixabay)

(Analysis provided by Lions Shih, analyst at EnergyTrend. Translated by Emma Hsu, translator of TrendForce Corp.)

 
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