The overall market sentiment this week was same as last week. The inventory level of the polysilicon from the upstream has gradually increased, which put manufacturers under pressure to reduce prices. The mono- and multi-Si wafers demonstrated a polarized development.
Image by Samuel Faber from Pixabay
Regarding the cells and modules from downstream, their Chinese domestic and overseas markets also showed a polarized development. In the future, if the prices of mono-Si products could be sustained with enough demand, it may be possible to mitigate the sluggishness of the overall supply chain. The prices of the multi-Si products depend on the dynamics of the supply and demand. It would be advisable if the excess supply could be reduced and demand increased.
Polysilicon
This week, the polysilicon prices of the Chinese domestic market continued to drop. In addition to the market demand that was weaker than expected, the high inventory level was also one of the sources of pressure felt by the manufacturers. The prices of the multi-Si products, in particular, were quoted below the cash costs. If the current difficulties are to be solved, they must adjust their own product mix and supply model, otherwise they should stop the production.
In the overseas market, the price range remained unchanged at 8.81 ~ 9.43USD / KG at the moment. The average price is lowered to 9.02USD / KG. The global average price is lowered to 8.62USD / KG. In the domestic market, the range of the mono-grade polysilicon price revision is 70 ~ 76RMB / KG. The average price is lowered to 72RMB / KG. The range of polysilicon price revision is 53 ~ 56RMB / KG. The average price is lowered to 55RMB / KG.
Wafers
The price trend of wafers has not changed much this week. The price of mono-Si wafers remained stable. There are even some urgent orders that made the supply tight. The price of multi-Si wafers continued to decline. Despite the fact that half of the multi-Si manufacturers have stopped the production, the free fall of the prices continued.
In the overseas market, the range of the multi-Si wafer price revision is 0.201 ~ 0.205USD / Pc at the moment. The price of the black silicon products is lowered to 0.255USD / Pc. The range of the 156.75mm mono-Si wafer price revision is 0.395 ~ 0.421USD / Pc. The average price remains unchanged at 0.403USD / Pc. The range of the large size wafers (158.75mm) price revision is 0.425 ~ 0.460USD / Pc. The average price remains unchanged at 0.455USD / Pc. The price of the wafers with the size of 161.75mm and above is raised to 0.470USD / Pc.
In the domestic market, the range of the 156.75mm multi-Si wafer price revision is 1.73 ~ 1.75RMB / Pc. The price of black silicon products remains unchanged at 2.03RMB / Pc. The price range of the cast-mono wafers remains unchanged at 2.65 ~ 2.68RMB / 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.
PV Cells
Regarding the prices of the cells, their Chinese domestic and overseas markets showed different developments this week. In the overseas market, some of multi-Si cell channels were switched to serve the mono-Si cells, which made the multi-Si products rare commodities. As a result, their prices showed a mixed development. In the overseas market for mono-Si products, the supply for shipments were growing tight. Other than the top-tier manufacturers delivering the existing orders, the demand for multi-Si products being partially replaced by the mono-Si products has affected the overall supply. In fact, the overall demand for mono- and multi-Si has not increased. Rather, there were simply changes in the product mix. In China, there were some slight price revisions only in high-efficiency cells. The rest has not changed much.
In the overseas market, the range of the general multi-Si cell price revision is 0.084 ~ 0.118USD / W at the moment. The average price is raised to 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 ~ 0.168USD / W.
In the domestic market, the price range of the general multi-Si cells is 0.65 ~ 0.71RMB / W. The price of the high-efficiency multi-Si cells remains unchanged at 0.73RMB / W. The price range of the general mono-Si cells remains unchanged at 0.80 ~ 0.85RMB / W. The range of the high-efficiency mono-Si cell price revision is 0.87 ~ 0.93RMB / W. The average price is lowered to 0.90RMB/ W. The range of the superior high-efficiency mono-Si cell (>21.7%) price revision is 0.94 ~ 0.98RMB/ W. The price of the bifacial superior high-efficiency mono-Si cells (21.7%) remains unchanged at 1.00 RMB/ W.
Modules
This week, the module market price was following the trend of the cell market. In the overseas market, the prices of multi-Si modules were revised upward along with the cell prices. In the domestic market, the mono-Si modules also maintained stability, which was also following the trend of the cells.
In the overseas market, the range of the general multi-Si (270-275W) price revision is 0.201 ~ 0.240USD / W at the moment. The average price is raised to 0.205USD / W. The range of the high-efficiency multi-Si (280-285W) price revision is 0.210 ~ 0.235USD / W. The average price remains unchanged at 0.215USD / W. The range of the general mono-Si (290-295W) price revision is 0.214 ~ 0.235USD / W. The average price is raised to 0.220USD / W. The price range of the high-efficiency mono-Si (300-310W) remains unchanged at 0.298 ~ 0.405USD / W. The price range of the superior-high efficiency mono-Si (>310W) remains unchanged at 0.233 ~ 0.385USD / W. The average price is raised to 0.277USD / W.
In the domestic market, the price range of the general multi-Si (270W~275W) remains unchanged at 1.58 ~ 1.70RMB / W. The price range of the high-efficiency multi-Si (280-285W) remains unchanged at 1.69 ~ 1.75RMB / W. The price range of the general mono-Si (290W~295W) remains unchanged at 1.65 ~ 1.70RMB / W. The price range of the high-efficiency mono-Si (300-310W) remains unchanged at 1.72 ~ 1.80RMB / W. The price range of the superior-high efficiency mono-Si (>310W) remains unchanged at 1.78 ~ 1.84RMB / W.