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Although the price of mono-si wafer fell again last week, the multi-si supply chain showed a strong price resilience this week due to steady demand, making the market’s atmosphere similar to last week. Meanwhile, India’s new trade barrier policy has brought new issues to the market. In the early stage, the policies will only affect India’s domestic PV industry. Most of the large-scale integrated manufacturers will be unaffected.
Polysilicon
This week, the overhaul of China’s domestic polysilicon manufacturers continued according to plan, and the polysilicon market hasn’t changed too much. Although last week mono-si wafer price dropped, multi-si wafer had sufficient demand support, making the price become flat. However, the current market conditions also prevent it from rising. 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.
Si-wafer
This week, mono-si wafer price decreased to RMB 3.10-3.26/Pc, as expected. Due to downstream demand support, so far, multi-si wafer price has stabilized at RMB 2.45/Pc and black silicon product price has been RMB 2.50/Pc. Overseas prices have started to reflect price reduction, with US$0.395-0.410/Pc for mono-si wafer price and US$0.311-0.375/Pc for multi-si price. Owing to the demand as well, black silicon multi-si wafer price has slightly increased to US$0.375/Pc.
PV cell
This week, the capacity utilization of PV cell plants has grown, and the supply and demand have started to show a reversed trend. There were unfavorable news for the overseas market, affecting manufacturer layout and market trend.
The general multi-si PV cell in China had the demand support of photovoltaic poverty alleviation, but there was no obvious market for high-efficiency multi-si. The price of mono-si PV cell was reduced due to upstream si-wafer price, as well as the psychological expectation of low price for the procurement projects of the Top Runner Program. So far, China’s general mono-si PV cell price has maintained at RMB 1.05-1.15/W, and high-efficiency mono-si price has fallen to RMB 1.15-1.21/W. General multi-si PV cell price was RMB 0.93-1.10/W.
For overseas markets, general mono-si price declined to US$0.142-0.145/W. High-efficiency mono-si PV cell price dropped to US$0.174-0.179/W because of upstream price reduction. Yet, multi-si price remained at US$0.133-0.158/W, with the support on the market.
Module
This week, China’s module market was stable, and the price didn’t change much. The 270W module inventory of China’s first-tier manufacturers wasn’t large. The main demand came from photovoltaic poverty alleviation, and the price slightly fell to RMB 1.80-2.05/W. High-efficiency multi-si module price dropped to RMB 1.85-2.20/W owing to the lack of demand. For the same reason, general mono-si module price decreased to RMB 2.10-2.20/W. High-efficiency mono-si price remained at RMB 2.30-2.40/W.
The overall price on the overseas market has kept falling, with US$0.257-0.407/W for mono-si (290-295W) and US$0.287-0.425/W for high-efficiency mono-si (above 300W). Prices of general multi-si (270-275W) and high-efficiency multi-si (280-285W) decreased to US$0.231-0.265/W and US$0.247-0.283/W, respectively.