With the release of domestic policy and the arrival of holiday after the announcement, the overall market looked forward to the start of work after the holiday. Upstream polysilicon price continued to rise this week after last week’s rebound; the shortage of raw materials for si-wafer continued to expand, seemingly influenced by downstream PV cell; although downstream PV cell and module price didn’t increase completely, they were expected to develop differently after the holiday.
In terms of the subsequent overall market trend, overseas market can feel the deferred effect of domestic policy after releasing. Traditional and emerging markets can benefit from this. After the release of domestic policy, there will be momentum after the holiday. It is estimated that this momentum will continue until 2H19.
Polysilicon
This week, polysilicon market price undertook last week’s bottom rebound pattern. The interval price was adjusted, and the average price increased. In the future, the overall supply will be affected due to the overhaul of some major manufacturers. So far, domestic multi-si material price has been 63-65RMB/KG, with the average price rising to 64RMB/KG. Mono-si material price has been 75-77RMB/KG, with the average price increasing to 76RMB/KG. Overseas price has remained at 8.88-10.27USD/KG, with global average price rising from 9.20USD/KG to 9.63USD/KG.
Si-wafer
This week, si-wafer price didn’t change much. Domestic mono-si wafer demand was strong. The supply side felt the tight situation and affected the price. Some temporary orders have increased prices in advance. So far, overseas mono-si wafer price has been 0.415-0.425USD/Pc. Multi-si price has been 0.250-0.270USD/Pc. Black silicon product price has remained at 0.280USD/Pc. Domestic mono-si price has increased to 3.00-3.17RMB/Pc, with the average price growing to 3.12RMB/Pc. Multi-si price has remained at 1.90-2.00RMB/Pc. Black silicon product price has increased to 2.13RMB/Pc.
PV cell
This week, PV cell market price continued to stabilize. Although the overall market price has been adjusted, they are still small, due to the upcoming holiday. Only few prices increased owing to the short supply of multi-si. The actual response of mono-si upstream supply to PV cell will have to wait until after the holiday. So far, overseas general multi-si price has remained at 0.115-0.129USD/W. General mono-si price has remained at 0.121-0.128USD/W. High-efficiency mono-si price has been 0.155-0.165USD/W, with the average price remaining at 0.162USD/W. Ultra-high efficiency mono-si (>21.5%) price has been 0.155-0.180USD/W, with the average price remaining at 0.174USD/W.
Domestic general multi-si price has increased to 0.85-0.88RMB/W, with the average price growing to 0.87RMB/W. General mono-si price has remained at 0.90-0.95RMB/W. High-efficiency mono-si price has remained at 1.15-1.18RMB/W. Ultra-high efficiency mono-si (>21.5%) price has remained at 1.19-1.25RMB/W. Double-sided PV cell price has remained at 1.21-1.26RMB/W.
Module
This week, module market prices at home and abroad didn’t change too much. Overseas market demand was still supported by Europe and the US. For domestic demand, with the release of new policy, it is estimated that there will be a new atmosphere after the holiday. So far, overseas general multi-si (270-275W) price has remained at 0.205-0.255USD/W. High-efficiency multi-si (280-285W) price has remained at 0.215-0.230USD/W. General mono-si (290-295W) price has remained at 0.231-0.251USD/W. High-efficiency mono-si (300-305W) price has remained at 0.268-0.350USD/W. Ultra-high efficiency mono-si (>310W) price has remained at 0.283-0.365USD/W.
Domestic general multi-si price has been 1.70-1.75RMB/W, with the average price remaining at 1.72RMB/W. High-efficiency multi-si price has remained at 1.80-1.85RMB/W. General mono-si price has remained at 1.83-1.90RMB/W. High-efficiency mono-si price has remained at 2.05-2.10RMB/W. Ultra-high efficiency mono-si price has remained at 2.10-2.20RMB/W.