Price Trend: Demand Slowdown and Rising Stock Levels Lead to Unstable Price Movements

published: 2019-03-21 16:56 | editor: | category: Price Trend

This week, the market saw both upward and downward price movements; the unstable price movements are a result of the slowdown of expected demand and the growth of the supply side’s inventory level. The overall supply chain is still based on the trend of major manufacturers, and the current market price trend tends to drop slowly. In terms of the subsequent overall market trend, large integrated plants will ease the pressure of increased inventory costs with their own resources deployment. The market demand side may still depend on China’s domestic market changes in order to determine the future trend.

Polysilicon

This week, the situation for the overseas and domestic polysilicon markets were different. For overseas market, the main supply was high-purity mono-si material. The price remained unchanged after Chinese New Year, and there have been trading price fluctuations since last week. Domestic prices were at the bottom line, and both mono-si and multi-si material prices decreased. So far, domestic multi-si material price has been 68-70RMB/KG, with the average price dropping to 69RMB/KG. Mono-si material price has been 78-83RMB/KG, with the unchanged average price of 80RMB/KG. Overseas price has increased to 9.60-11.50USD/KG, with the average price growing to 9.85USD/KG.

Si-wafer

This week, due to the slowing demand, mono-si and multi-si inventory levels began to rise. The bargaining space of massive procurement relatively increased. The first-tier manufacturers said that this month’s supply was sufficient. The shortage condition was not as obvious as the previous weeks. So far, domestic mono-si price has been 3.05-3.25RMB/Pc, with the average price dropping to 3.14RMB/Pc. Multi-si price has remained at 2.05-2.10RMB/Pc. Black silicon product price has been lowered to 2.15RMB/Pc. Overseas mono-si wafer price has remained at 0.405-0.450USD/Pc. Multi-si price has decreased to 0.265-0.295USD/Pc. Black silicon product price has dropped to 0.305USD/Pc.

PV cell

This week, the PV cell market also began to show signs of rising inventories, while market prices were different depending on the product category. So far, domestic general multi-si price has declined to 0.83-0.88RMB/W, with the average price dropping to 0.85RMB/W. General mono-si price has been lowered to 0.95-1.03RMB/W, with the average price dropping to 1.00RMB/W. High-efficiency mono-si price has been maintained at 1.15-1.27RMB/W, with the average price surprisingly growing to 1.25RMB/W. Ultra-high efficiency mono-si (>21.5%) price has decreased to 1.23-1.30RMB/W, with the unchanged average price of 1.26RMB/W.

Overseas general multi-si price has decreased to 0.115-0.130USD/W, with the unchanged average price of 0.118USD/W. General mono-si price has declined to 0.130-0.150USD/W, with the average price dropping to 0.145USD/W. High-efficiency mono-si price has remained at 0.160-0.170USD/W, with the average price dropping to 0.165USD/W. Ultra-high efficiency mono-si (>21.5%) price has increased to 0.163-0.190USD/W. Double-sided PV cell price has remained at 1.23-1.31RMB/W.

Module

This week, the module market continued to stabilize. Domestic full series of products did not change too much, mainly owing to the lack of obvious demand. For the overseas market, mono-si decreased and multi-si increased. Mono-si price reduction can be attributed to weak demand. For multi-si, because the supply side gradually shrank, suppliers were also limited. So far, domestic general multi-si (270-275W) price has remained at 1.78-1.85RMB/W. High-efficiency multi-si (280-285W) price has been 1.83-1.88RMB/W. General mono-si (290-295W) price has been 1.83-1.94RMB/W. High-efficiency mono-si (300-305W) price has been 2.05-2.10RMB/W. Ultra-high efficiency mono-si (>310W) price has been 2.10-2.22RMB/W.

Overseas general multi-si price has remained at 0.210-0.275USD/W, with the average price surprisingly growing to 0.224USD/W. High-efficiency multi-si price has remained at 0.218-0.275USD/W, with the average price dropping to 0.230USD/W. General mono-si price has remained at 0.242-0.263USD/W. High-efficiency mono-si price has been 0.263-0.350USD/W, with the average price dropping to 0.278USD/W. Ultra-high efficiency mono-si price has been 0.278-0.375USD/W, with the average price dropping to 0.280USD/W.

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