This week’s market conditions have gradually become better compared with last week. As the supply and demand for polysilicon are still unstable, some manufacturers are bound to exit from the market. In the si-wafer segment, manufacturers are taking active steps to maintain their costs, so the situation is relatively more stable.
As the end market’s demand is still increasing, PV cell and module manufacturers will have a chance to improve their performance. With the Chinese government’s policy directives, which are expected to boost the market and stimulate demand, the condition will get better in the next few weeks.
Polysilicon
This week, polysilicon price was still moving at a low price. The first-tier manufacturers could slightly support the price compared with the second- and third-tier manufacturers. The newly opened low-cost production line has not yet fully reached mass production, causing some discrepancy between the supply and demand for cost calculation, which indirectly affected downstream purchase intention and price acceptance. After low-cost production line is opened and high-cost production line exits, it is estimated that the cost perception of buyers and sellers will be consistent, but the demand side still has the final price decision because if there is no strong demand, low price can be useless. So far, domestic multi-si material price has been RMB73-82/KG, with the average price falling to RMB75/KG. Mono-si material price has reached RMB80-84/KG, with the average price falling to RMB82/KG. Overseas price has remained at USD9.0-10.2/KG.
Si-wafer
This week, only overseas mono-si wafer price has been driven by demand. Multi-si wafer manufacturers have stabilized prices as the primary indicator and are no longer selling at a price lower than the cost. In terms of utilization rate, whether it is mono-si or multi-si, the first-tier manufacturers still had a large advantage, and the small- and medium-sized manufacturers were more difficult to survive under the double squeeze of price and capacity. So far, domestic mono-si price has remained at RMB3.00-3.10/Pc. Multi-si price has remained at RMB2.07-2.15/Pc. Black silicon product price has remained at RMB2.20/Pc. Overseas mono-si price has remained at USD0.380-0.390/Pc. Multi-si price has remained at USD0.254-0.269/Pc. Black silicon product price has dropped slightly to USD0.305/Pc.
PV cell
This week, PV cell market still focused on high-efficiency products, and the mono-si PERC PV cells at home and abroad were sold out of stock. Multi-si products have been able to stabilize prices due to increasing demand. Visibility in global demand has increased, and it is estimated that December will be better than November.
So far, domestic general multi-si price has been RMB0.80-0.85/W. General mono-si price has been RMB1.00-1.06/W. High-efficiency mono-si price has been RMB1.12-1.17/W. Ultra-high efficiency mono-si (>21.5%) price has slightly grown to RMB1.20-1.25/W, with the average price increasing to RMB1.22/W. Double-sided PV cell price has enlarged to RMB1.25-1.30/W. Overseas general multi-si price has remained at USD0.095-0.130/W. General mono-si price has remained at USD0.121-0.129/W. High-efficiency mono-si price has increased to USD0.145-0.165/W. Ultra-high efficiency mono-si (>21.5%) price has increased to USD0.160-0.172/W.
Module
The market price of the module market was roughly flat this week. Although the multi-si products had quotations, the actual transactions were not much, and the overall price was flat or even slightly decreased. The sales of mono-si modules were more active, but they could not drive up prices due to lack of urgent orders.
So far, domestic general multi-si (270-275W) price has remained at RMB1.78-1.85/W, with the average price falling to RMB1.80/W. High-efficiency multi-si (280-285W) price has remained at RMB1.80-1.93/W. General mono-si (290-295W) price has remained at RMB1.83-1.96/W. High-efficiency mono-si (300-305W) price has remained at RMB2.12-2.20/W. Ultra-high efficiency mono-si (>310W) price has remained at above RMB2.20/W. Overseas general multi-si price has been lowered to USD0.215-0.270/W, with the average price falling to USD0.216/W. The range of high-efficiency multi-si price has been revised to USD0.220-0.275/W. General mono-si price has remained at USD0.242-0.360/W. High-efficiency mono-si price has remained at USD0.265-0.390/W.