This week the market demand has been steadily growing. For the upstream polysilicon and si wafer segments, the balance of supply and demand has sustained the stable prices.
Meanwhile, their orders will last after Chinese New Year (CNY) Holidays. Regarding PV cells and modules, individual products' demand might guide price to go upwards. In particular, tier-one integrators' orders might steadily last until the end of 1Q19. In 2019, CNY holidays are coming. The news that capacity is all booked might be good news to the industry. If beneficial policies can last, that will be a good sign for the year of 2019.
Polysilicon
This week, polysilicon's transactions are busier than that in previous duration. There are some price fluctuations in the market and these changes didn't exist earlier. Some buyers have ordered for February. At the same time, polysilicon's inventories are below normal levels, but prices have not risen yet. In the future, downstream demand will last. This factor has indirectly triggered polysilicon's prices to increase. Speaking of capacity adjustment, the new capacities have kept on increasing. The monthly supply quantity after CNY holidays might go above 32 K tons. Currently, in China, polysilicon price has stayed at 70~73RMB/KG. Mono-silicon price has been reduced to 78~81RMB/KG. The international prices have stayed the same at 8.20~9.50USD/KG.
Si wafer
This week, si wafer demand has been similar to that of upstream polysilicon demand. Huge volume of orders will be delivered after CNY holidays. For now, prices have remained constant and there has been a balance between supply and demand. This week China's domestic mono-si wafer prices have stayed at 3.05~3.10RMB/Pc, and multi-si wafer prices have remained at 2.05~2.20RMB/Pc. Black silicon product's prices stayed at 2.25RMB/Pc. When it comes to mono-si and multi-si wafer prices in international markets, their price ranges have remained the same. Mono-si wafer prices have been 0.380~0.390USD/Pc. Multi-si wafer prices have been 0.258~0.280USD/Pc. Black silicon products have stayed the same at 0.305USD/Pc.
PV cells
This week, the PV cell market has been on fire. The transaction volume has been huge. Orders have been scheduled to be fulfilled by the end of 1Q19. In China, some domestic high efficiency PV cell supply has intensified or has been in shortage. Thus, in the overseas market, high efficiency PV cell capacities have seen higher utilization rates.
For now, in China's domestic demand, general multi-si PV cell prices have been moved up to 0.88~0.90RMB/W. General mono-si PV cell prices have remained at 1.01~1.08RMB/W. High efficiency mono-si PV cell prices have been increased to 1.23~1.28RMB/W, and its average price has grown to 1.25RMB/W. Prices of ultra-high efficiency mono-si PV cell (>21.5%) have been adjusted upwards to 1.23~1.34RMB/W, and its average price has risen to 1.31RMB/W.
In the international market, general multi-si PV cell prices have stayed at 0.109~0.137USD/W, and its average price has increased to 0.113USD/W. General mono-si PV cell prices have remained at 0.145~0.160USD/W. High efficiency mono-si PV cell prices have been moved up to 0.165~0.175USD/W, and its average price has risen to 0.173USD/W. Prices of ultra-highly-efficient mono-si PV cell (>21.5%) have been modified upwards to 0.173~0.182USD/W, and its average price has stayed at 0.175USD/W. Bifacial PV cell prices have stood at 1.36RMB/W.
Modules
This week both China's domestic and international markets of modules have been stable. Currently, for China's domestic market, price of general multi-si (270W~275W) has stayed at 1.80~1.85RMB/W. Price of high efficiency multi-si (280~285W) has remained at 1.83~1.93RMB/W. Prices of general mono-si (290~295W) have leveled off at 1.83~1.96RMB/W. Prices of high efficiency mono-si (300~305W) have risen to 2.15~2.30RMB/W. Prices of ultra-high efficiency mono-si (>310W) have remained above 2.25RMB/W. Regarding the international market, general multi-si prices have stayed at 0.210~0.265USD/W. High efficiency multi-si prices have remained at 0.215~0.275USD/W. General mono-si prices have stayed at 0.247~0.360USD/W. High efficiency mono-si prices have remained at 0.265~0.380USD/W.
