There are more and more signs signaling a price increase in the overall market this week. An increasingly bullish market sentiment is taking hold of the entire supply chain. The price of the upstream polysilicon is increased due to the changes of the downstream wafer. The cell price is also on the rise on account of more signed purchase agreements. Modules, on the other hand, are witnessing irrational sell-off from some smaller manufacturers, who can no longer withstand the pressure to sell.
In the future, as the domestic residential projects and subsidized auction projects are being developed or connected to the grid, the products, mono-Si or not, are all thriving in their own markets. Overseas demand is still under steady development. It is estimated that the overseas demand will be so strong, that it will compete for the supply of goods with the Chinese market.
Polysilicon
The multi polysilicon price continued the upward trajectory from last week. The mono polysilicon price is also rising. The price increase of multi polysilicon is the result of a continuously rising demand and an inadequate supply. The overseas price is slightly increased on account of the exchange rate fluctuations. With the upcoming peak season in Q4, the most upstream polysilicon may not fully reflect the bullish market. However, the overall polysilicon market will at least perform better than Q3.
In the overseas market, the range of the price increase is 8.76~9.76USD/KG at the moment. The average price is revised up to 9.07USD/KG. The global average price is revised up to 9.05USD/KG.
In the domestic market, the range of polysilicon price revision is 61~63RMB/KG at the moment. The average price is revised up to 62RMB/KG. The range of the mono polysilicon price revision is 73~78RMB/KG. The average price is raised to 76RMB/KG.
Silicon Wafers
This week, the price of wafers has risen sharply. Multi-Si wafers have been affected by the upstream supply shortages. Therefore the price has been adjusted again. The mono-Si wafers have been affected by overseas exchange rates as well as new price quotation methods since last week, which are offered according to different sizes. In fact, the market is expected to continue its bullish trend.
In the overseas market, the price range of the 156.75mm mono-Si wafers remains unchanged at 0.395~0.421USD/Pc at the moment. The average price is revised to 0.403USD/Pc. The price of the 158.75mm mono-Si wafers remains unchanged at 0.445~0.455USD/Pc. The price of the mono-Si wafers with the size of 161.75mm and above remains unchanged at 0.460USD/Pc. The range of the multi-Si wafer price revision is 0.230~0.231USD/Pc. The price of the black silicon products remains unchanged at 0.260USD/Pc.
In the domestic market, the price range of the mono-Si wafers remains unchanged at 3.02~3.15RMB/Pc. The average price is revised to 3.12RMB/Pc. The price range of the 158.75mm mono-Si wafers remains unchanged at 3.30~3.40RMB/Pc. The price of the mono-Si wafers with the size of 161.75mm remains unchanged at 3.45RMB/Pc. The price range of the multi-Si wafer remains unchanged at 1.82~1.86RMB/Pc. The average price is raised to 1.85RMB/Pc. The price of the black silicon product remains unchanged at 2.06RMB/Pc.
Cells
The cell price is also on the rise this week, on account of more signed purchase agreements. Although the mono-Si cell price performance is better, multi-Si cell still accounts for 30~40% of the capacity, according to China's recent auctions. An increase in the multi-Si cell price is only a matter of time.
In the overseas market, the price range of the general multi-Si cell remains unchanged at 0.102~0.123USD/W at the moment. The price range of the general mono-Si cells remains unchanged at 0.105~0.115USD/W. The price range of the high-efficiency mono-Si cells remains unchanged at 0.131~0.150USD/W. The price range of the superior high-efficiency mono-Si cell (>21.5%) remains unchanged at 0.122~0.178USD/W.
In the domestic market, the range of the general multi-Si cell price range is 0.81~0.83RMB/W at the moment. The price of the high-efficiency multi-Si cells remains unchanged at 0.85RMB/W. The price range of the general mono-Si cell remains unchanged at 0.82~0.85RMB/W. The price range of the high-efficiency mono-Si cell remains unchanged at 0.91~0.94RMB/W. The range of the superior high-efficiency mono-Si cell (>21.5%) price revision is 0.93~1.00RMB/W. The average price remains unchanged at 1.00RMB/W. The price of the bifacial high-efficiency mono-Si cells remains unchanged at 0.96RMB/W. The price of the bifacial superior high-efficiency mono-Si cells (>21.5%) remains unchanged at 1.01RMB/W.
Module
This week, the overseas market of modules is still stable. The domestic market, some smaller manufacturers are selling their high-efficiency products under an unreasonable price. The focus of the market is whether or not Q4 would be a peak season as it always had been. The performance of the Chinese market will be under the spotlight.
In the overseas market, the price range of the general multi-Si (270-275W) remains unchanged at 0.205~0.248USD/W. The range of high-efficiency multi-Si (280-285W) price revision remains unchanged at 0.212~0.220USD/W. The price range of the general mono-Si (290-295W) remains unchanged at 0.235~0.251USD/W. The price range of the high-efficiency mono-Si (300-305W) remains unchanged at 0.265~0.330USD/W. The price range of the superior-high efficiency mono-Si (>310W) remains unchanged at 0.253~0.405USD/W.
In the domestic market, the price range of the general multi-Si (270W~275W) remains unchanged at 1.65~1.75RMB/W at the moment. The price range of the high-efficiency multi-Si (280W~285W) remains unchanged at 1.76~1.85RMB/W. The average price remains unchanged at 1.83RMB/W. The price range of the general mono-Si (290W~295W) remains unchanged at 1.83 ~1.90RMB/W. The price range of the general mono-Si (300W~305W) remains unchanged at 1.90~2.03RMB/W. The average price is increased to 1.98RMB/W. The range of the superior-high efficiency mono-Si (>310W) price revision is 1.93~2.13RMB/W. The average price is lowered to 2.00RMB/ W.