Price Trend: China Demand Lifts Mono-Si Product Price While the Multi-Si Remains Weak

published: 2019-11-14 17:29 | editor: | category: Price Trend

This week, each link in the PV supply chain shows diverse development. The upstream polysilicon and wafers are affected by the slowdown in the demand from the downstream, which causes the price to be on a downward trend. Regarding the cells and modules, the different types of products and the demand of different regions show different progress, resulting in a mixed development in the markets of these two products. In the upcoming month, if there is some kind of surge in the domestic demand, coupled with a stable volume of exports, this could still inspire some confidence for the next year.

Polysilicon

Due to the weak demand from the downstream, the price of the polysilicon is generally on the decline this week. Although the demand for mono-grade polysilicon was weak, the overall market was still relatively stable. However, the market of the polysilicon did not inspire much optimism. In addition to an unstable demand, the intermittent supply of its capacity indirectly affects the balance between supply and demand. In the overseas market, the range of the price revision is 9.10~9.86USD/KG at the moment. The average price is lowered to 9.34USD/KG. The global average price is lowered to 9.13USD/KG. In the domestic market, the price range of the mono-grade polysilicon remains unchanged at 73~78RMB/KG, The range of the polysilicon price revision is 58~62RMB/KG. The average price is lowered to 60RMB/KG.

Wafers

The price of wafers demonstrated the same development as the polysilicon. Compared to multi-Si wafers, the supply and demand of mono-Si wafers are relatively stable. Therefore the price is steady. The prices of the smaller manufacturers may be adjusted due to the inventory pressure in certain occasions, which, however, does not rattle the overall market much. Multi-Si wafers show similar trend as the polysilicon, where both the supply and demand are unstable. What makes the matters worse for the multi-wafers are the unstable demand as well as the low utilization rate of the overall multi-Si wafer capacity (under 40%).

In the overseas market, the price range of the multi-Si wafers is revised down to 0.225~0.228USD/Pc at the moment. The price of the black silicon products remains unchanged at 0.260USD/Pc.The price range of the 156.75mm mono-Si wafer remains unchanged at 0.380~0.423USD/Pc. The price range of the large size wafer (158.75mm) remains unchanged at 0.430~0.455USD/Pc. The price of the wafers with the size of 161.75mm and above remains unchanged at 0.460USD/Pc.

In the domestic market, the range of the 156.75mm multi-Si wafer price revision is 1.80~1.82RMB/Pc. The price of black silicon products remains unchanged at 2.06RMB/Pc. The price range of the cast-mono wafers remains unchanged at 2.67~2.70RMB/Pc. The price range of the 156.75mm mono-Si wafers remains unchanged at 2.98~3.15RMB/Pc. The price range of the large size wafers (158.75mm) remains unchanged at 3.30~3.37RMB/Pc. The price of the 166.75mm wafers remains unchanged at 3.47RMB/Pc.

Cells

The market price of the PV cells is mixed. The offered prices of the multi-Si cells are in chaos, because the domestic demand is unstable and the smaller manufacturers are selling off the inventory. The mono-Si cells depend on the urgent restocking orders of small quantity, which helps stabilize the price with signs of rising. The multi-Si cells in overseas markets are supported by the demand from India and some European markets. Therefore the price is not as volatile as that in the domestic market. However, there is no guarantee that the said stability would be sustainable. The overseas demand for mono-Si is similar to that of the domestic market. The price fluctuations are merely the ups and downs of individual regions.

In the overseas market, the range of the general multi-Si cell price revision is 0.086~0.118USD/W at the moment. The average price remains unchanged at 0.093USD/W. The price range of the general mono-Si cells remains unchanged at 0.102~0.107USD/W. The price range of the high-efficiency mono-Si cells remains unchanged at 0.112~0.133USD/W. The price range of the superior high-efficiency mono-Si cells (>21.7%) remains unchanged at 0.115~0.170USD/W.

In the domestic market, the range of the general multi-Si cell price revision is 0.73~0.75RMB/W. The average price is lowered to 0.74RMB/W. The price of the high-efficiency multi-Si cells is revised down to 0.78RMB/W. The range of the general mono-Si cell price revision is 0.81~0.85RMB/ W. The average price remains unchanged at 0.83RMB/W. The range of the high-efficiency mono-Si cell price revision is 0.89~0.93RMB/W. The average price remains unchanged at 0.90RMB/W. The range of the superior high-efficiency mono-Si cells (>21.7%) price revision is 0.93~0.99RMB/W. The average price remains unchanged at 0.96RMB/W. The price of the bifacial high-efficiency mono-Si cells is revised up to 0.95RMB/W. The price of the bifacial superior high-efficiency mono-Si cells (21.7%) was revised up to 1.03RMB/W.

Modules

The overseas and domestic market prices of the modules show mixed development this week. In most markets, the price maintained stable, except for Vietnam’s export prices to the US. Due to the weak demand in the domestic market, the pressure to decrease is slowly creeping into the downstream of the supply chain. Only the more economically-priced modules, which are pretty much bottomed out, managed to maintain their stability, while the rest of the products has been revised down to a certain degree.

In the overseas market, the price range of the general multi-Si (270-275W) remains unchanged at 0.202~0.240USD/W. The price range of the high-efficiency multi-Si (280-285W) remains unchanged at 0.210~0.220USD/W. The price range of the general mono-Si (290-295W) remains unchanged at 0.215~0.235USD/W. The price range of the high-efficiency mono-Si (300-310W) remains unchanged at 0.298~0.325USD/W. The range of the superior-high efficiency mono-Si (>310W) price revision is 0.233~0.395USD/W. The average price remains unchanged at 0.276USD/W.

In the domestic market, the price range of the general multi-Si (270W~275W) is 1.67~1.73RMB/W.  The range of the high-efficiency multi-Si (280-285W) price revision is 1.75~1.79RMB/W. The average price is lowered to 1.76RMB/W. The range of the general mono-Si (290W~295W) price revision is 1.68~1.73RMB /W. The average price is lowered to 1.71RMB/W. The range of the high-efficiency mono-Si (300-310W) price revision is 1.73~1.80RMB/W. The average price is lowered to 1.77RMB/W. The range of the superior-high efficiency mono-Si (>310W) price revision is 1.78~1.84RMB/W. The average price is lowered to 1.82RMB/W.

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