After a wave of installation peaks in the first half of the year, the overall market atmosphere was stable again. Upstream polysilicon was still experiencing tight demand and short supply. For si-wafer, there were signs of intensifying downstream stock-up momentum and short supply.
For downstream PV cell and module, due to the changes of the world’s high and low seasons and the anchoring effects of the domestic bidding projects, the market has begun to adopt a wait-and-see attitude. Some overseas markets’ installation temporarily came to an end, and the follow-up demand momentum will still depend on the individual regions. The overall outlook of the domestic market will depend on whether the manufacturers will follow up on the bidding projects. The balance between supply and demand in Q3 is expected to stabilize prices, thus boosting the high season in Q4.
Polysilicon
This week, the polysilicon market was still steady. Affected by the growing demand for mono-si material, the proportion of domestic production of mono-si material gradually increased. In 1H19, the proportion has reached more than 50%, and high-purity mono-si material imported from overseas also grew. For multi-si material, because its demand was less strong, the supply and demand were relatively stable. So far, overseas price has increased to 9.54-10.06USD/KG, with the average price growing to 9.70USD/KG. Global average price has slightly increased to 9.44USD/KG. Domestic multi-si material price has been 60-64RMB/KG, with the average price remaining at 63RMB/KG. Mono-si material price has been 74-78RMB/KG, with the average price remaining at 76RMB/KG.
Si-wafer
This week, the si-wafer market’s price was steady. Mono-si wafer’s demand was higher than supply, and some PV cell manufacturers have considered raising the purchase price to consolidate the supply capacity of upstream si-wafer. For multi-si wafer, although there was demand, due to limited capacity, the overall price could still maintain a balanced situation, and the space of growth was limited. So far, overseas mono-si wafer price has remained at 0.405-0.415USD/Pc, with large size price of 0.460USD/Pc. Multi-si price has remained at 0.246-0.255USD/Pc. Black silicon product price has remained at 0.277USD/Pc. Domestic mono-si price has remained at 3.02-3.17RMB/Pc, with large size price of 3.35RMB/Pc. Multi-si price has remained at 1.85-1.95RMB/Pc. Black silicon product price has remained at 2.14RMB/Pc.
PV Cell
This week, there were increases and decreases for PV cell market price, but the adjustment range was reasonable. Due to the low season in Q3, the stock-up momentum of downstream module manufacturers slowed down. The whole product category was affected by individual markets to adjust the speed of shipments. So far, overseas general multi-si price has been 0.113-0.127USD/W, with the average price remaining at 0.118USD/W. General mono-si price has been 0.115-0.145USD/W, with the average price falling to 0.120USD/W. High-efficiency mono-si price has been 0.155-0.172USD/W, with the average price remaining at 0.162USD/W. Ultra-high efficiency mono-si (>21.5%) price has remained at 0.148-0.190USD/W, with the average price growing to 0.175USD/W.
Domestic general multi-si price has been 0.83-0.92RMB/W, with the average price remaining at 0.86RMB/W. High-efficiency multi-si price has declined to 0.98RMB/W. General mono-si price has remained at 0.87-0.92RMB/W, with the average price dropping to 0.90RMB/W. High-efficiency mono-si price has been 1.14-1.19RMB/W, with the average price remaining at 1.16RMB/W. Ultra-high efficiency mono-si (>21.5%) price has been 1.18-1.23RMB/W, with the average price remaining at 1.21RMB/W. Bifacial high-efficiency mono-si price has remained at 1.20-1.23RMB/W, with the average price falling to 1.19RMB/W. Bifacial ultra-high efficiency mono-si (>21.5%) price has been 1.22-1.25RMB/W, with the average price falling to 1.23RMB/W.
Module
This week, the difference between the domestic and overseas market for module was quite obvious. Affected by the low season in some regions in Q3 and climate, overseas market price fluctuations were particularly significant. For domestic market, there were more wait-and-see attitudes. The follow-up market effect is expected. So far, overseas general multi-si (270-275W) price has been 0.205-0.250USD/W, with the average price remaining at 0.222USD/W. High-efficiency multi-si (280-285W) price has remained at 0.218-0.237USD/W, with the average price dropping to 0.225USD/W. General mono-si (290-295W) price has been 0.235-0.251USD/W, with the average price remaining at 0.247USD/W. High-efficiency mono-si (300-305W) price has been 0.268-0.340USD/W, with the average price remaining at 0.271USD/W. Ultra-high efficiency mono-si (>310W) price has been 0.260-0.385USD/W, with the average price dropping to 0.285USD/W.
Domestic general multi-si price has remained at 1.68-1.75RMB/W. High-efficiency multi-si price has been 1.82-1.86RMB/W, with the average price remaining at 1.83RMB/W. General mono-si price has remained at 1.83-1.90RMB/W. High-efficiency mono-si price has remained at 1.95-2.10RMB/W. Ultra-high efficiency mono-si price has remained at 2.05-2.15RMB/W.
