This week, the market still had a wait-and-see atmosphere. Affected by the downstream si-wafer’s tight demand, upstream polysilicon price became unstable. Currently, the industry’s si-wafer inventory is still relatively low, and the overall PV cell production is still rising. The activity in the module market has not been as strong as expected.
In terms of the subsequent overall market trend, domestic market transactions will continue to warm up. Although they are slow, the market confidence will not be affected. The overseas market has yet to show signs of explosive growth, but the overall demand and installed capacity will continue to increase. As bifacial PV modules have been excluded from the Section 201 tariffs, their future impact will be worth observing.
Polysilicon
This week, the market price of polysilicon was unsteady compared to last week. Downstream demand for mono-si material continued to heat up. There were rumors that mono-si wafer manufacturers were out of stock. The lower limit of the mainstream market quotation was gradually increased. Low-cost resources were increasingly reduced. If mono-si material continues to be out of stock, multi-si material is likely to be adopted. Yet, this statement still depends on the choice of downstream markets. The demand for multi-si material was as strong as mono-si material, but the price could be stabilized, mainly because the supply of multi-si material was more stable compared to mono-si. So far, overseas price has been 9.51-10.02USD/KG, with the average price remaining at 9.67USD/KG. Global average price has remained at 9.43USD/KG. Domestic multi-si material price has remained at 60-65RMB/KG. Mono-si material price has been 73-77RMB/KG, with the average price remaining at 76RMB/KG.
Si-wafer
This week, the phenomenon of stock shortage in si-wafer market could not be improved. Although the number of slices was increased, the growth was limited and slow. For multi-si, the supply and demand remained balanced. So far, overseas mono-si wafer price has remained at 0.415-0.425USD/Pc, with large size price of 0.475USD/Pc. Multi-si price has remained at 0.244-0.250USD/Pc. Black silicon product price has remained at 0.280USD/Pc. Domestic mono-si price has been 3.02-3.17RMB/Pc, with the average price remaining at 3.12RMB/Pc and large size price of 3.35RMB/Pc. Multi-si price has remained at 1.86-1.95RMB/Pc. Black silicon product price has dropped to 2.14RMB/Pc.
PV Cell
This week, PV cell market price was mixed. For mono-si, there was price tug-of-war between supply and demand. Although there was a large number of supply and actual demand, the real transaction price had to wait until the last minute. Domestic multi-si price is expected to be increased. Yet, slow overseas stock-up momentum in the next month was expected. This week, the US government announced Section 201 related exemption product categories. The bifacial products attracted more public attention. It is expected that overseas bifacial PV cell product-related quote will be updated. So far, overseas general multi-si price has been 0.113-0.129USD/W, with the average price remaining at 0.118USD/W. General mono-si price has remained at 0.118-0.160USD/W. High-efficiency mono-si price has remained at 0.155-0.170USD/W. Ultra-high efficiency mono-si (>21.5%) price has remained at 0.157-0.178USD/W. Domestic general multi-si price has been 0.84-0.95RMB/W, with the average price remaining at 0.89RMB/W. General mono-si price has been 0.92-0.94RMB/W, with the average price remaining at 0.93RMB/W. High-efficiency mono-si price has been 1.15-1.22RMB/W, with the average price remaining at 1.18RMB/W. Ultra-high efficiency mono-si (>21.5%) price has been 1.18-1.24RMB/W, with the average price remaining at 1.22RMB/W. Bifacial high-efficiency mono-si price has been 1.23-1.25RMB/W, with the average price remaining at 1.25RMB/W. Bifacial ultra-high efficiency mono-si (>21.5%) price has been 1.24-1.31RMB/W, with the average price remaining at 1.26RMB/W.
Module
This week, the overall market price of module continued to stabilize. Although there were changes in overseas market, they were limited to individual regions. So far, overseas general multi-si (270-275W) price has been 0.205-0.260USD/W, with the average price rising to 0.222USD/W. High-efficiency multi-si (280-285W) price has been 0.218-0.237USD/W, with the average price rising to 0.226USD/W. General mono-si (290-295W) price has remained at 0.231-0.251USD/W. High-efficiency mono-si (300-305W) price has been 0.268-0.345USD/W. Ultra-high efficiency mono-si (>310W) price has been 0.270-0.385USD/W, with the average price rising to 0.290USD/W. Domestic general multi-si price has been 1.68-1.75RMB/W, with the average price remaining at 1.72RMB/W. High-efficiency multi-si price has been 1.80-1.86RMB/W, with the average price remaining at 1.83RMB/W. General mono-si price has remained at 1.85-1.90RMB/W. High-efficiency mono-si price has been 2.01-2.08RMB/W, with the average price remaining at 2.07RMB/W. Ultra-high efficiency mono-si price has remained at 2.10-2.20RMB/W.
