This week the overall market is still more inactive than actively trading. The overseas price of the upstream polysilicon is declining due to the exchange rate fluctuations, while its domestic price remains stable. The trend of the wafer price is nothing surprising. The price of the cells is also in free fall. The modules are the only PV product that is more or less stable. In the future, the tender and procurement for the development of the ground-mounted projects will be initiated. Although the price is quite close to the cost, the buyers and sellers still have the opportunity to reach a consensus. The overseas market shows a stable and balanced development. There is a chance for the price to stop the plunge and bounce back, as the tenders are finalized, constructions are completed in each region and country.
Polysilicon
Polysilicon has shown different developments in the domestic and overseas markets. The price of domestic polysilicon remains stable. Although the prices are reduced in some transactions, the price reductions have been narrowed. The upstream and downstream balance of power is maintained. The overseas market is affected by large fluctuations of the exchange rate. The overall price is revised downward. In the overseas market, the range of price revision is 8.85~9.86USD/KG at the moment. The average price is lowered to 9.21USD/KG. The global average price is lowered to 9.08USD/KG. In the domestic market, the price of polysilicon remains unchanged at 56~62RMB/KG. The mono polysilicon remains unchanged at 74~78RMB/KG.
Silicon wafers
There is not much change in the wafer market this week. The price of mono-Si wafers is still stable. The multi-Si wafers has been slightly revised downward, of which the overall range, however, is not big. While some of the small and medium manufacturers have engaged in price reduction and dumping, the overall market price does not change. In the overseas market, the price of the 156.75mm mono-Si wafers remains unchanged at 0.416USD/Pc at the moment. The 158.75mm mono-Si wafers remain unchanged at 0.445USD/Pc. The mono-Si wafers with the size of 161.75mm and above remain unchanged at 0.460USD/Pc. The range of the multi-Si wafers price revision is 0.231~0.235USD/Pc. The black silicon products are revised down 0.260USD/Pc. In the domestic market, the mono-Si wafers has remained unchanged at 3.05~3.13RMB/Pc. The large-size products remains unchanged at 3.35RMB/Pc. The range of the multi-Si wafers price revision is 1.82~1.85RMB/Pc. The black silicon products remains unchanged at 2.06RMB/Pc.
Cells
The cell market continued its downward spiral. The market price seems to have bottomed out due to the market’s expectation of the lowest point. The range of decline in multi-Si cells is no longer expected to expand. The demand is still weak without a glimmer of hope for recovery. I can't see a glimmer of light. In the overseas market, the range of the general multi-Si cell price revision is 0.104~0.123USD/W. The average price is revised down to 0.108USD/W. The range of the general mono-Si cell price revision is 0.105~0.115USD/W. The average price is revised down to 0.110USD/ W. The range of the high-efficiency mono-Si cell price revision is 0.131~0.150USD/W. The average price is revised down to 0.140USD/W. The range of the superior high-efficiency mono-Si cell (>21.5%) price revision is 0.125~0.190USD/W. The average price is revised down to 0.155USD/W. In the domestic market, the range of the general multi-Si cell price revision is 0.80~0.84RMB/W. The average price is lowered to 0.83RMB/W. The price of the high-efficiency multi-Si cells is revised down to 0.85RMB/W. The range of the general mono-Si cells price revision is 0.81~0.86RMB/W. The average price is revised down to 0.84RMB/W. The range of the high-efficiency mono-Si cell price revision is 0.93~0.97RMB/W. The average price is lowered to 0.95RMB/W. The range of the superior high-efficiency mono-Si cell (>21.5%) price revision is to 0.96~1.04RMB/W. The average price is lowered to 1.02RMB/W. The price of the bifacial high-efficiency mono-Si cells is revised down to 0.98RMB/W. The price of the bifacial superior high-efficiency mono-Si cell (>21.5%) has been revised down to 1.05RMB/W.
Modules
The modules remain stable in the market, mainly because the uncertain demand affects when the sellers and buyers can come to an agreement. It is a buyer’s market at the moment. The price is expected to drop further. Therefore, the buyers are reluctant to place orders, while the sellers are eager to sell. The time to start the domestic ground-mounted projects is coming. Module manufacturers prefer weighing their options to finalize their procurement out of impulse. In the overseas market, the range of the general multi-Si (270-275W) price revision is 0.205~0.248USD/W. The average price is lowered to 0.218USD/W. The high-efficiency multi-Si (280-285W) price remains unchanged at 0.218~0.235USD/W. The general mono-Si (290-295W) price remains unchanged at 0.235~ 0.251USD/W. The high-efficiency mono-Si (300-305W) price remains unchanged at 0.265~0.330USD/W. The range of the superior-high efficiency mono-Si (>310W) price revision is 0.257~0.405USD/W. The average price remains unchanged at 0.290USD/W. In the domestic market, the general multi-Si (270W~275W) price remains unchanged at 1.63~1.75RMB/W. The high-efficiency multi-Si (280W~285W) price remains unchanged at 1.78~1.85RMB/W. The general mono-Si (290W~295W) price remains unchanged at 1.83~1.90RMB/W. The high-efficiency mono-Si (300-305W) price revision is 1.90~2.07RMB/W. The superior-high efficiency mono-Si (>310W) price remains unchanged at 1.95~2.13RMB/W.
