The prices of each segment in the supply chain have mostly fallen this week. Upstream polysilicon price significantly declined. Mono-si and multi-si wafer prices showed two different trends. There were both increases and decreases for PV cell price, and module price slowly dropped. Overall, high-efficiency mono-si products are still favored by the market, and demand from other types of products may change into high-efficiency mono-si. Despite entering the peak season, the market’s price trend will still be unpredictable due to the changes in demand for products.
This week, the entire polysilicon market’s prices showed a small decline. Though orders of multi-si material in China were small and prices slightly decreased, the prices of the first-tier manufacturers still remained at RMB80/kg. There was some demand for mono-si material, but due to the rising supply, its prices are expected to fluctuate for some time. For overseas polysilicon price, it was close to Chinesedomestic price, and price of the major manufacturers fell.
So far, Chinesedomestic multi-si material price has reached RMB75-85/KG, with the average price dropping to RMB80/KG. Mono-si material price has been RMB85-90/KG, with the average price dropping to RMB88/KG. Overseas price has decreased to USD9.5-10.5/KG, with the average price dropping to USD10.09/KG.
This week, mono-si and multi-si wafer prices developed two different trends. Owing to the stable demand, mono-si wafer price remained steady; because of the weak demand, multi-si wafer price still dropped, and the inventory level of first-tier manufacturers increased. It is estimated that it will take some time to destock the inventory. So far, Chinesedomestic mono-si wafer price has remained at RMB3.00-3.26/Pc, with an unchanged average price of RMB3.15/Pc. Multi-si wafer price has declined to RMB2.15-2.23/Pc. Black silicon product price has also decreased to RMB2.25/Pc. Overseas mono-si price has been maintained at USD0.400-0.405/Pc. Multi-si price has dropped to USD0.278-0.282/Pc. Black silicon product price has remained at USD0.337/Pc.
This week, PV cell price varied depending on product category and region. Chinese, European and the US markets started to move toward high-efficiency mono-si module, forcing demand for multi-si products to be reduced. In particular, China’s domestic system manufacturers began to change the system design from multi-si to mono-si, which may worsen the multi-si supply chain.
So far, Chinesedomestic general mono-si price has been RMB1.00-1.06/W, with the average price slightly rising to RMB1.02/W. High-efficiency mono-si price has been RMB1.11-1.19/W, with an unchanged average price of RMB1.15/W. 310Wultra-high efficiency mono-si (>21.5%) price has reached RMB1.20/W. Because there was still demand on the market, general multi-si PV cell price has slightly grown to RMB0.88-0.91/W, with the average price slightly rising to RMB0.89/W.
Overseas general mono-si price has been USD0.117-0.132/W, with an unchanged average price of USD0.130/W. High-efficiency mono-si price has remained at USD0.150-0.159/W, with an unchanged average price of USD0.155/W. Ultra-high efficiency mono-si (>21.5%) price has surpassed USD0.160/W. Multi-si price has slightly declined to USD0.102-0.133/W, with the average price slightly dropping to USD0.103/W.
Domestic demand has not warmed up after China’s National Day holiday, while prices in the overseas markets have generally followed the movements in the Chinese market, where manufacturers have adopted a wait-and-see attitude. Domestic module price has fallen slightly this week, but stronger demand is expected over the next week or two, which will lead to further price change.
So far, domestic general multi-si (270-275W) price has been lowered to RMB1.78-1.83/W, with the average price dropping to RMB1.80/W. High-efficiency multi-si (280-285W) price has been RMB1.85-1.90/W, with the average price dropping to RMB1.87/W. General mono-si (290-295W) price has been RMB1.83-1.90/W, with the average price dropping to RMB1.88/W. High-efficiency mono-si (300-305W) price has been RMB2.12-2.15/W, with an unchanged average price of RMB2.13/W. Ultra-high efficiency mono-si (>310W) price has stabilized at RMB2.15/W. Overseas general multi-si price has been USD0.218-0.290/W. High-efficiency multi-si price has been USD0.223-0.275/W. General mono-si price has been USD0.246-0.390/W. High-efficiency mono-si price has been USD0.265-0.415/W.