This week, the overall market entered the traditional low season as the expected demand slowed down, and the stock-up momentum of the entire supply chain was lower than expected. For upstream polysilicon, mono-si remained stable, while multi-si declined. Because the demand continued to slow down, the gap between mono-si and multi-si will be particularly obvious.
The trend of si-wafer was similar to upstream polysilicon, and multi-si price decreased first. PV cell and module prices dropped, reflecting the actual situation of the overall market. In terms of the subsequent overall market trend, in the next 1-2 months, the market will enter into the first low season of this year, which may require additional policies in order to facilitate large integrated plants and minimize the idle costs produced by the overall enterprise during the low season.
Polysilicon
This week, the gap between mono-si and multi-si individual prices in the polysilicon market have gradually expanded. Mono-si material price was affected due to slow demand. As the decrease of demand for multi-si material was faster than mono-si material, the prices of multi-si material can be affected more easily. Domestic multi-si material price has been 68-72RMB/KG, with the average price dropping to 70RMB/KG. Mono-si material price has remained at 79-83RMB/KG. Overseas price has remained at 8.20-9.50USD/KG, but it needs to be observed afterward.
Si-wafer
This week, for si-wafer market, owing to the slow downstream demand, the stock-up momentum was affected, and there were different changes for mono-si and multi-si products. Although the demand for mono-si has slowed down, the overall supply and demand can also allow prices to show a stable flat trend; in addition to the small demand for multi-si, the market conditions also increased the pressure of price reduction for multi-si. So far, only Chinese multi-si price has changed. Domestic mono-si price has remained at 3.10-3.25RMB/Pc. Multi-si price has decreased to 2.05-2.10RMB/Pc, with the average price dropping to 2.08RMB/Pc. Black silicon product price has been lowered to 2.20RMB/Pc. Overseas mono-si wafer price has remained at 0.405-0.450USD/Pc. Multi-si price has remained at 0.277-0.295USD/Pc. Black silicon product price has dropped to 0.310USD/Pc.
PV cell
This week, as demand momentum continued to slow down, the overall PV cell market quote was quite unstable. For multi-si product, because the stock up orders in the overseas markets have ended, there were inventory and price reduction pressures. Due to slow demand, the market quote of mono-si also showed major fluctuations.
The following are prices for the domestic market:
- General multi-si price has dropped to 83-0.90RMB/W, with the average price decreasing to 0.87RMB/W
- General mono-si price has dropped to 00-1.05RMB/W, with the average price decreasing to 1.02RMB/W
- High-efficiency mono-si price has dropped to 15-1.27RMB/W, with the average price decreasing to 1.23RMB/W
- Ultra-high efficiency mono-si (>21.5%) price has dropped to 22-1.30RMB/W, with the average price decreasing to 1.26RMB/W
For overseas market:
- General multi-si price has dropped to 115-0.135USD/W, with the average price decreasing to 0.118USD/W
- General mono-si price has dropped to 145-0.160USD/W, with the average price decreasing to 0.158USD/W
- High-efficiency mono-si price has dropped to 160-0.170USD/W, with the average price decreasing to 0.168USD/W
- Ultra-high efficiency mono-si (>21.5%) price has dropped to 163-0.185USD/W, with the average price decreasing to 0.175USD/W
- Double-sided PV cell price has remained at 27-1.33RMB/W
Module
This week, the module market felt the most obvious demand slowdown. Overseas multi-si module weakened owing to the end of the installation tide. Some of the markets with the original use of multi-si gradually accepted the conversion of mono-si products. Because double-sided products gradually spread to overseas and domestic markets, it is estimated that the demand for multi-si module will be significantly impacted.
The following are prices for the domestic market:
- General multi-si (270-275W) price has remained at 78-1.85RMB/W
- High-efficiency multi-si (280-285W) price has been 83-1.88RMB/W, with the average price decreasing to 1.87RMB/W
- General mono-si (290-295W) price has been 83-1.94RMB/W, with the average price decreasing to 1.90RMB/W
- High-efficiency mono-si (300-305W) price has been 05-2.10RMB/W, with the average price decreasing to 2.09RMB/W
- Ultra-high efficiency mono-si (>310W) price has been 10-2.22RMB/W, with the average price decreasing to 2.20RMB/W
For overseas market:
- General multi-si price has been 210-0.275USD/W, with the average price decreasing to 0.219USD/W
- High-efficiency multi-si price has been 218-0.275USD/W, with the average price remaining at 0.234USD/W
- General mono-si price has been 242-0.263USD/W, with the average price decreasing to 0.250USD/W
- High-efficiency mono-si price has been 263-0.380USD/W, with the average price decreasing to 0.280USD/W
- Ultra-high efficiency mono-si price has been 275-0.380USD/W, with the average price decreasing to 0.283USD/W
