This week, there was not much change in the overall market since last week. The mono-grade polysilicon has stopped the plunge and shown signs of bouncing back, while the polysilicon was still in a free fall.
Image by Michael Schwarzenberger from Pixabay
Wafers also showed mixed developments: the prices of the mono-Si products maintained their stability, while the prices of the multi-Si products were declining. It was quite obvious that the smaller manufacturers were selling-off when they were doing business overseas. The PV cells and modules also demonstrated mixed developments that were similar to the wafers. The development of the overall downstream links depended on the trend of the wafers. Looking ahead, the fact that the prices of the mono-Si products have bottomed out signals the arrival of the change. The manufacturing capacity and supply of multi-Si products, on the other hand, needs to be reduced, so that the plunge of the price could be stopped, balancing the market demand.
Polysilicon
The price of silicon materials this week continued the trend of last week. Some of the business for polysilicon was conducted at lower prices, which was estimated to be selling at losses. Without the mono-grade polysilicon driving up the sales in a short period of time, this trend of low prices would continue and be expanded. The price of the mono-grade polysilicon continued to be on a flat trend due to the stable demand and a decrease in the inventory level. If the demand gets higher and more urgent in the future, it cannot be ruled that the price may bottom out and rise again.
In the Chinese domestic market, the price range of the mono-grade polysilicon is 69~75 RMB/KG at the moment. The range of polysilicon price revision is 50~54 RMB/KG. The average price is lowered to 52 RMB/KG. In the overseas market, the overseas prices are affected due to the fact that the renminbi depreciated to 7 RMB per dollar. The price revision is revised upwards to 8.60~9.23 USD/KG. The average price remains unchanged at 8.80 USD/KG. The global average price is revised downward to 8.72 USD/KG.
Wafers
This week, the wafer prices were affected by the changes in the market demand. The overseas prices of mono-Si wafers have begun showing signs of downward revision on account of the B-list manufacturers selling-off at lower prices. Although their overall transaction volume was far less than two major manufacturers, the price trends were affected, to a certain degree. The price of multi-Si wafers continued to drop. The B-list manufacturers were increasingly selling-off their products, which forced the first-tier manufacturers to reduce their prices as well.
In the overseas market, the range of the multi-Si wafer price revision is 0.197~0.203 USD/Pc at the moment. The price of the black silicon products is lowered to 0.250 USD/Pc. The range of the 156.75 mm mono-Si wafer price revision is 0.380~0.421 USD/Pc. The average price is lowered to 0.395 USD/Pc. The price range of the large size wafers (158.75 mm) remains unchanged at 0.425~0.460 USD/Pc. The price of the wafers with the size of 161.75 mm and above remains unchanged at 0.470 USD/Pc.
In the Chinese domestic market, the range of the 156.75mm multi-Si wafer price revision is 1.75~1.65 RMB/Pc. The price of black silicon products is lowered to 1.97 RMB/Pc. The price range of the cast-mono wafers remains unchanged at 2.65~2.68 RMB/Pc. The range of the 156.75mm mono-Si wafer price revision is 2.95~3.13 RMB/Pc. The average price remains unchanged at 3.09 RMB/Pc. The range of the large size mono-Si wafer (158.75mm) price revision is 3.28~3.37 RMB/Pc. The price of the 166.75mm wafers is lowered to 3.40 RMB/Pc.
PV Cells
The development of the cell market prices this week showed the same pattern as last week. Only multi-Si products continued to fall, which had no impact on other products. The demand for mono-Si products was stronger than for multi-Si products. The manufacturing capacity of most top-tier companies was almost maxed out by orders. Consequently, the prices were relatively stable. The multi-Si market continued to be in a slump. The overall inventory level was on the rise. There was little trading at the current price in the market.
In the overseas market, the range of the general multi-Si cell price revision is 0.078~0.116 USD/W at the moment. The average price is lowered to 0.085 USD/W. The price range of the general mono-Si cells remains unchanged at 0.102~0.107 USD/W. The price range of the high-efficiency mono-Si cells remains unchanged at 0.112~0.133 USD/W. The range of the superior high-efficiency mono-Si cells (>21.7%) price revision is 0.118~0.164 USD/W.
In the Chinese domestic market, the range of the general multi-Si cell price revision is 0.60~0.65 RMB/W. The price of the high-efficiency multi-Si cells is lowered to 0.67 RMB/W. The price range of the general mono-Si cells remains unchanged at 0.80~0.85 RMB/W. The price range of the high-efficiency mono-Si cells remains unchanged at 0.87~0.93 RMB/W. The price range of the superior high-efficiency mono-Si cell (>21.7%) remains unchanged at 0.94~0.98 RMB/W. The price of the bifacial superior high-efficiency mono-Si cells (21.7%) is raised to 1.01 RMB/W.
Modules
The market price of the modules also followed the trajectory of the PV cells this week: the downward spiral of the multi-Si product prices and the mixed development of the overseas markets.
In the overseas market, the range of the general multi-Si (270-275W) price revision is 0.196~0.205 USD/W at the moment. The average price remains unchanged at 0.203 USD/W. The range of the high-efficiency multi-Si (280-285W) price revision is 0.205~0.225 USD/W. The average price is lowered to 0.210 USD/W. The range of the general mono-Si (290-295W) price revision is 0.209~0.225 USD/W. The average price is lowered to 0.219 USD/W. The price range of the high-efficiency mono-Si (300-310W) remains unchanged at 0.295~0.320 USD/W. The price range of the superior-high efficiency mono-Si (>310W) remains unchanged at 0.233~0.395 USD/W.
In the Chinese domestic market, the range of the general multi-Si (270W~275W) price revision is 1.75~1.65 RMB/W. The average price is lowered to 1.63 RMB/W. The range of the high-efficiency multi-Si (280-285W) price revision is 1.65~1.70 RMB/W. The average price is lowered to 1.67 RMB/W. The price range of the general mono-Si (290W~295W) remains unchanged at 1.65~1.70 RMB/W. The price range of the high-efficiency mono-Si (300-310W) remains unchanged at 1.72~1.80 RMB/W. The price range of the superior-high efficiency mono-Si (>310W) remains unchanged at 1.78~1.84 RMB/W.