With the end of the year approaching, market demand in China have gradually come to an end. However, the overseas markets such as Japan and India have been increasing their orders, which could help the market maintain a supply and demand balance in the short term.
In the upstream, polysilicon and si-wafer prices are based on volume and are still stable. Product demands and prices of PV cells and modules are different depending on the market. These prices will remain stable unless the balance between supply and demand is broken. During the next one month, in response to the upcoming Chinese New Year, some manufacturers in the supply chain may choose to reduce capacity utilization, but there will also be manufacturers who will continue to produce according to the seasonal demand of other overseas markets. Therefore, although the market as a whole will not change too much, the status of each individual market will still be different.
Polysilicon
Polysilicon trading is not strong this week. Overseas price has fallen this week because the overseas market’s demand is less intense than China’s domestic demand. At present, in terms of the supply side, the old capacity can still maintain normal production, while the new capacity is gradually increasing. The balance between the market’s supply and demand could be maintained when China’s domestic demand was strong. In the future, the supply and demand changes will depend on whether or not the downstream’s high stock up momentum can be maintained. So far, domestic multi-si material price has remained at RMB71-79/KG. Mono-si material price has remained at RMB80-83/KG. Overseas price has been lowered to USD8.20-9.50/KG, with the average price decreasing to USD8.95/KG.
Si-wafer
The previous strong demand of si-wafer has slowed down this week, mainly because domestic demand in China has come to an end. As a result, si-wafer manufacturers have begun to take a wait-and-see attitude, while looking forward to a new wave of market momentum. So far, domestic mono-si price has remained at RMB3.05-3.10/Pc. Multi-si price has remained at RMB2.05-2.20/Pc. Black silicon product price has remained at RMB2.25/Pc. Overseas mono-si and multi-si wafer prices have not changed. Mono-si wafer price has remained at USD0.380-0.390/Pc. Multi-si price has been USD0.255-0.280/Pc. Black silicon product price has remained at USD0.305/Pc.
PV cell
Though demand in China has slowed down, the Japanese and Indian markets have continued to stock up orders, making the PV cell market become buoyant this week. However, because the demand side was more selective to supply and were not subject to price constraints, the price has not changed too much.
So far, domestic general multi-si price has remained at RMB0.81-0.88/W. General mono-si price has been maintained at RMB1.00-1.08/W. High-efficiency mono-si price has increased to RMB1.20-1.25/W. Ultra-high efficiency mono-si (>21.5%) price has grown to RMB1.23-1.30/W. Overseas general multi-si price has enlarged to USD0.105-0.130/W. General mono-si price has increased to USD0.135-0.158/W. High-efficiency mono-si price has remained at USD0.160-0.173/W, with the average price growing to USD0.172/W. Ultra-high efficiency mono-si (>21.5%) price has remained at USD0.170-0.178/W. Double-sided PV cell price has reached RMB1.35/W.
Module
There were changes of inventory in the module market this week. The low-priced modules were fully booked in a short time. As the newly produced modules have higher cost, it would be interesting to see whether they will be accepted by the market. In the overseas market, the overall demand is strong, but only manufacturers that have the ability to take up overseas orders will benefit. Small- and medium-sized manufacturers will still be focused on the domestic market.
So far, domestic general multi-si (270-275W) price has remained at RMB1.80-1.85/W. High-efficiency multi-si (280-285W) price has remained at RMB1.83-1.93/W. General mono-si (290-295W) price has remained at RMB1.83-1.96/W. High-efficiency mono-si (300-305W) price has remained at RMB2.10-2.20/W. Ultra-high efficiency mono-si (>310W) price has slightly increased to RMB2.23/W, with a sign of shortage. Overseas general multi-si price has slightly increased to USD0.207-0.265/W. High-efficiency multi-si price has grown to USD0.212-0.275/W. General mono-si price has remained at USD0.242-0.360/W. High-efficiency mono-si price has remained at USD0.265-0.380/W.
