This week, the supply and demand of the overall supply chain became tight. Yet, the individual market condition was different. There were increases and decreases in overseas and domestic prices.
For polysilicon, with last week’s demand pressure, prices of products with different categories grew and dropped. For si-wafer, due to the decision-making considerations of the market and the exchange rate, there were different pricing strategies. Downstream PV cell and module prices were based on different regions. Compared with the domestic market, the overseas market’s price change was slow. Subsequently, the market will gradually focus on domestic, especially after the implementation of the relevant policies.
Polysilicon
This week, the market price of polysilicon reflected the current market for different product demands. The demand for mono-si material was strong, making its price grow and indirectly affecting the supply chain. Thus, the capacity of multi-si material was forced to be reduced. Although the actual price declined this week, it is estimated that the follow-up will be reflected in the actual transaction price of the market. Overseas mono-si material price increased owing to the growth in domestic mono-si material demand. So far, overseas price has been 9.53-10.05USD/KG, with the average price growing to 9.69USD/KG. Global average price has remained at 9.43USD/KG. Domestic multi-si material price has been 59-64RMB/KG, with the average price dropping to 63RMB/KG. Mono-si material price has been 74-77RMB/KG, with the average price remaining at 76RMB/KG.
Si-wafer
This week, due to different changes of overseas and domestic markets, there were price adjustments in the si-wafer market. For mono-si, due to factors of exchange rate and different demands, two major mono-si wafer manufacturers only adjusted the overseas prices. For multi-si, there were just slight adjustments, and the rise and fall were still predictable. So far, overseas mono-si wafer price has declined to 0.405-0.415USD/Pc, with large size price of 0.465USD/Pc. Multi-si price has been 0.246-0.255USD/Pc. Black silicon product price has dropped to 0.277USD/Pc. Domestic mono-si price has remained at 3.02-3.17RMB/Pc, with large size price of 3.35RMB/Pc. Multi-si price has been 1.85-1.95RMB/Pc, with the average price dropping to 1.90RMB/Pc. Black silicon product price has remained at 2.14RMB/Pc.
PV Cell
This week, domestic PV cell price completely dropped. The overseas market hasn’t realized the threat of price reduction, and the price is expected to change next week. The forecast share of mono-si PV cell is expected to rise this year. The main reason is that downstream system manufacturers’ LCOE calculation is conducive to high-power products, especially bifacial products. In terms of the expected growth in the number of installation in emerging countries this year, competitive bidding and grid parity can be approached. So far, overseas general multi-si price has remained at 0.113-0.129USD/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 0.84-0.92RMB/W, with the average price declining to 0.86RMB/W. High-efficiency multi-si price has been 1.09RMB/W. General mono-si price has dropped to 0.87-0.92RMB/W, with the average price falling to 0.91RMB/W. High-efficiency mono-si price has dropped to 1.14-1.20RMB/W, with the average price falling to 1.16RMB/W. Ultra-high efficiency mono-si (>21.5%) price has been 1.18-1.22RMB/W, with the average price falling to 1.21RMB/W. Bifacial high-efficiency mono-si price has been 1.20-1.23RMB/W, with the average price falling to 1.22RMB/W. Bifacial ultra-high efficiency mono-si (>21.5%) price has been 1.23-1.27RMB/W, with the average price falling to 1.24RMB/W.
Module
This week, the overseas module market was still stable, and the domestic module market had some changes. So far, overseas general multi-si (270-275W) price has remained at 0.205-0.260USD/W. High-efficiency multi-si (280-285W) price has remained at 0.218-0.237USD/W. General mono-si (290-295W) price has remained at 0.231-0.251USD/W. High-efficiency mono-si (300-305W) price has remained at 0.268-0.345USD/W. Ultra-high efficiency mono-si (>310W) price has remained at 0.270-0.385USD/W.
Domestic general multi-si price has been 1.68-1.75RMB/W. High-efficiency multi-si price has been 1.80-1.85RMB/W, with the average price remaining at 1.83RMB/W. General mono-si price has been 1.83-1.90RMB/W, with the average price falling to 1.86RMB/W. High-efficiency mono-si price has been 1.95-2.10RMB/W, with the average price remaining at 2.07RMB/W. Ultra-high efficiency mono-si price has been 2.05-2.15RMB/W, with the average price falling to 2.13RMB/W.
