All parts of the supply chain were flexible this week: buyers of upstream polysilicon material have begun to negotiate prices for follow-up supplies. Besides, the production control of each plant was appropriate, resulting in a slight growth in price. In terms of si-wafer, last week multi-si wafer price performance and the expectation of new price at the end of the month made it hard for mono-si price to increase. The latest prices released by mono-si wafer leading manufacturers have become the new barrier for multi-si products. The market status of downstream PV cell and module might vary from region to region. India’s trade barriers seem to have been all talk and no action. Yet, there has been a high-efficiency module bidding phenomenon in Europe. The impact of its recent MIP decision is worthy of attention.
China’s domestic polysilicon prices edged higher this week, mainly because of the smooth destocking of polysilicon material. The orders of July were basically signed with the previous original price. Recently, due to the emergence of demand, the number of inquiries has grown. Downstream start-up rate continued to improve. Second-tier manufacturers began to digest inventory, and the start-up rate also increased.
In terms of productivity reduction, there were 12 enterprises conducting overhaul this week. In July, China’s polysilicon production was around 18,000 tons, and it is expected that about 2,000 tons of output will be affected by August. So far, China’s domestic multi-si material price has reached RMB 80-90/KG, and mono-si material price has maintained the level of RMB 95-105/KG. Overseas multi-si material price hasn’t changed much.
This week, si-wafer market changed little. So far, mono-si price has reached RMB3.10-3.30/Pc. Multi-si wafer was in a rising atmosphere, and the price was stable at RMB 2.40/Pc. Black silicon product price had a RMB0.3-0.40/Pc price difference. Overseas mono-si wafer price decreased to US$0.395-0.445/Pc, and multi-si price remained at US$0.325-0.370/Pc. The peak was the price of black silicon wafer.
Because mono-si wafer leading manufacturers have announced a price reduction on the 25th, it is expected that there will be new price changes next week. Multi-si wafer may also follow up next week.
Because the market demand outside China emerged and the overseas order percentage of multi-si was high, multi-si PV cell price became stable. So far, China’s domestic general and high-efficiency mono-si PV cell prices were RMB1.05-1.15/W and RMB 1.20-1.28/W. First-tier manufacturers’ general multi-si PV cell price reached RMB 1.05-1.10/W. For overseas prices, general mono-si price slightly decreased to US$0.142-0.156/W. High-efficiency mono-si price remained at US$0.177-0.183/W, and multi-si price also could hold firmly in US$0.135-0.158/W.
The 270W module inventory of China’s first-tier manufacturers wasn’t large enough to support the price of RMB 2.05-2.10/W. The price of general mono-si module dropped to RMB 2.10-2.30/W owing to the lack of demand. High-efficiency mono-si price also reduced to RMB 2.30-2.40/W.
In terms of overseas market, 290-295W mono-si module price decreased to US$0.281-0.407/W. Over 300W high-efficiency mono-si module price dropped to US$0.300-0.425/W. 270-275W general multi-si module price lowered to US$0.241-0.260/W. 280-285W high-efficiency multi-si module price slightly fell to US$0.265-0.283/W.