Market demand remained weak and prices continued to drop this week. The end of EU’s MIP will indeed lead to a downward trend in local transaction prices, but buyers and sellers are about to negotiate and it will be some time before it affects actual transaction prices. Upstream polysilicon and si-wafer manufacturers continued to control production to cope with weak demand, and si-wafer manufacturers may cut capacity utilization again. Demand of PV cell and module was weak. Some module manufacturers considered stockpiling in advance to avoid low-priced sales, waiting for the arrival of the peak season at the end of the month.
This week, polysilicon supply and demand mostly remained flat. In September, there will be nearly 2000 tons of supply reduced due to routine maintenance in China. Yet, there will be manufacturers restoring production. The supply volume of the entire month is expected to be a little different compared to August. Thus, price stability can be maintained, and there may even be an upward adjustment. So far, China’s domestic multi-si material price has remained at RMB83-92/KG. Mono-si material price has remained at RMB90-98/KG. For overseas multi-si material, due to the weak demand in China, the bargaining space of long term orders became big. The price has been affected, with current price at US$10.3-12.3/KG and average price at US$11.5/KG.
This week, the price of si-wafer declined with weak demand. Major multi-si wafer manufacturers began to reduce capacity utilization, hoping to control the supply to stabilize prices. Mono-si wafer price held steady, but lowering capacity utilization has been considered. However, small- and medium-sized factories have been unable to support the price. They started selling at low prices, making the prices of mono-si and multi-si wafer drop to RMB2.90-3.25/PcandRMB 2.25-2.30/Pc. Black silicon product price has decreased to RMB 2.50/Pc. The price of mono-si wafer in overseas market has remained at US$0.400-0.425/Pc, while multi-si price has slightly declined to US$0.300-0.310/Pc. Black silicon product price has been lowered to US$0.350/Pc.
Taiwanese and Southeast Asian PV cell manufacturers were forced to decrease price to the same level as Chinese PV cell this week, influenced by the end of EU’s MIP. So far, China’s domestic general mono-si price has reached RMB1.00-1.06/W, and high-efficiency mono-si price has been RMB1.07-1.15/W. General multi-si price has been RMB0.93-0.97/W.
For overseas market, general mono-si price has reached US$0.117-0.138/W. High-efficiency mono-si price has been reduced to US$0.155-0.163/W, with average price of US$0.162/W. For multi-si, the price has been maintained at US$0.111-0.142/W, with the drop of average price to US$0.112/W.
In the same way as PV cell segment, for the modules made in southeast Asia, their prices have been pushed down to the same level as Chinese products. The quotes of China’s domestic module manufacturers are similar to last week’s. Although the demand was weak, owing to limited price reduction space, price has decreased slowly. So far, general multi-si (270-275W) price has been lowered to RMB 1.80-1.90/W, and high-efficiency multi-si (280-285W) price has also been RMB1.80-1.90/W. General mono-si (290-295W) price has reached RMB1.83-1.90/W. High-efficiency mono-si (300-305W) price has been RMB2.10-2.20/W, with average price of RMB2.15/W. The demand in Chinese market is still weak. It is expected that the Top Runner Program at the end of the month will drive high-efficiency mono-sidemand.
For overseas market, prices have declined because of weak demand. General multi-si price has been US$0.227-0.280/W, with the average price dropping to US$0.245/W. High-efficiency multi-si price has been US$0.244-0.280/W, with the average price dropping to US$0.250/W. General mono-si price has been US$0.247-0.400/W, with the average price dropping to US$0.265/W. High-efficiency mono-si price has been US$0.275-0.415/W, with the average price dropping to US$0.280/W.