This week, the overall market continued to maintain the stability that is typical before the Chinese New Year.There was little change in the overall supply chain.
Looking ahead, the constructions of auction projects were expected to commence in the overseas market. It is within the expectation that the constructions of new auction projects from 2020H1 as well as the leftover of 2019 projects would be started. Maybe there is an opportunity to show that construction will continue to flourish until the end of the first half of the year.
The price of polysilicon has not changed much this week. Most companies have completed the restocking orders before the holiday. The changes in the prices fluctuated only within a fixed range, which has not affected the average price.
In the Chinese domestic market, the range of the mono-grade polysilicon price revision is RMB 67~74 /KG at the moment. The range of the polysilicon price revision is RMB 48~54 /KG. In the overseas market, the range of the overseas price is raised to US$8.74~9.13 /KG. The average price is revised up to US$8.85 /KG. The global average price is revised up to US$8.75 /KG.
The prices of the wafers still showed the same development as last week: the multi-Si product prices were slightly revised while the mono-Si products remained stable. As the Lunar New Year is approaching, it would not impact the market price much whether the production line was shut down or not. Although it was difficult for the prices of multi-Si wafers to maintain stability, the decline in the spot prices has shown signs of narrowing. The actual trading prices have decreased relatively little.
In the overseas market, the range of the multi-Si wafer price revision is US$0.188~0.195 /Pc at the moment. The price of the black silicon products remains unchanged at US$0.246 /Pc. The price range of the 156.75 mm mono-Si wafer remains unchanged at US$0.380~0.421 /Pc. The price range of the large size wafer (158.75 mm) remains unchanged at US$0.423~0.430 /Pc. The price of the 166.75 mm wafers remains unchanged at US$0.455 /Pc.
In the Chinese domestic market, the range of the 156.75 mm multi-Si wafer price revision is RMB 1.52~1.56 /Pc at the moment. The price of black silicon products remains unchanged at RMB 1.94 /Pc. The price range of the cast-mono wafer is revised down at RMB 2.60~2.65 /Pc. The price range of the 156.75 mm mono-Si wafer remains unchanged at RMB 2.95~3.13 /Pc. The price range of the large size mono-Si wafer (158.75 mm) remains unchanged at RMB 3.28~3.37 /Pc. The price of the 166.75 mm wafer remains unchanged at RMB 3.40 /Pc.
There were slight changes in the high- and low-end products in the cell market this week. Both of the prices of high- and low-end products have been revised lightly in the domestic market. In the overseas market, there was little change in the trading, as the market lied in wait for the post-CNY to pass.
In the overseas market, the price range of the general multi-Si cell remains unchanged at US$0.077~0.115 /W at the moment. The price range of the general mono-Si cell remains unchanged at US$0.102~0.107 /W. The price range of the high-efficiency mono-Si cells remains unchanged at US$0.112~0.133 /W. The range of the superior high-efficiency mono-Si cells (>21.5%) price revision is US$0.116~0.164 /W. The average price remains unchanged at US$0.124 /W.
In the Chinese domestic market, the range of the general multi-Si cell price revision is RMB 0.56~0.58 /W. The price of the high-efficiency multi-Si cells is lowered to RMB 0.61 /W. The price range of the general mono-Si cells remains unchanged at RMB 0.80~0.85 /W. The price range of the high-efficiency mono-Si cell remains unchanged at RMB 0.89~0.95 /W. The range of the superior high-efficiency mono-Si cell (>21.5%) price revision is RMB 0.90~0.98 /W. The price of the bifacial superior high-efficiency mono-Si cells (21.5%) is raised to RMB 1.03 /W.
This week, it was the overseas module market’s turn to make adjustments. In the domestic market, the prices fluctuated as the product specifications have been revised. From this week onward, the spot prices of the products will be revised according to the changes in the product specifications in the market.
In the overseas market, the range of the 60-cell general multi-Si (275W-280W) price revision is US$0.195~0.225 /W at the moment. The average price is US$0.203 /W. The range of the 72-cell high-efficiency multi-Si (325W-330W) price revision is US$0.198~0.220 /W. The average price is US$0.212 /W. The range of the general mono-Si (305W-310W) price revision is US$0.295~0.390 /W. The average price is US$0.310 /W. The range of the high-efficiency mono-Si (315W-320W) price revision is US$0.231~0.335 /W. The average price is US$0.289 /W. The range of the superior-high efficiency mono-Si (>320W) price revision is US$0.228~0.385 /W. The average price is US$0.307 /W.
In the domestic market, the price range of the 60-cell general multi-Si (275W-280W) remains unchanged at RMB 1.51~1.62 /W. The range of the 72-cell high-efficiency multi-Si (325W-330W) price revision is RMB 1.59~1.63 /W. The average price is lowered to RMB 1.61 /W. The price range of the general mono-Si (305W-310W) remains unchanged at RMB 1.63~1.69 /W. The price range of the high-efficiency mono-Si (315W-320W) remains unchanged at RMB 1.71~1.80 /W. The price range of the superior-high efficiency mono-Si (>320W) remains unchanged at RMB 1.76~1.81 /W.
(Analysis provided by Lions Shih, analyst at EnergyTrend. Translated by Emma Hsu, translator of TrendForce Corp.)