A gloomy mood has taken hold of the overall market this week. There is little reason to hope for the peak season that may never come this year. Other than the price of polysilicon, which is relatively stable, the price of the rest of the supply chain is looking at a downward trend.
Image by torstensimon from Pixabay
In the near future, the market is likely to remain bearish. If the domestic installed capacity could, by any chance, rise to the targeted 30GW, the manufacturers of the PV supply chain would have reasons to be hopeful and look forward to 2020H1.
Polysilicon
The price of polysilicon is still one of the relatively stable links of the PV supply chain this week. The mono-grade polysilicon is supported by the stable capacity and supply of downstream links. Therefore the price remains stable. The price of polysilicon drops slightly from time to time, on account of the instability of its own supply and the decline in the demand of the downstream buyers. It is estimated that the price fluctuations similar to that this week will continue until the end of this year. While overseas prices are subject to exchange rate fluctuations, there is no actual adjustment.
In the overseas market, the price range is revised up to 9.09~9.98USD/KG. The average price is raised to 9.35USD/KG. The global average price is raised to 9.16USD/KG.
In the domestic market, the range of the mono-grade polysilicon price revision is 73~78RMB/KG. The average price remains unchanged at 76RMB/KG. The range of polysilicon price revision is 60~63RMB/KG. The average price is lowered to 61RMB/KG.
Wafers
This week, the price of wafers demonstrates a polarized development, due to the price fluctuations from the downstream links and the different market strategies adopted by the industry leaders and the smaller manufacturers. Although the end-of-month average contract price of the industry leaders was established last week, the smaller manufacturers that are new to the industry lowered their prices to boost their sales. Consequently, the overall market price is driven downwards. However, the industry leaders have the monopoly over the large size products, of which the price is not affected by the said trend.
In the overseas market, the price range of the multi-Si wafers is revised down to 0.227~0.230USD/Pc at the moment. The average price has been lowered to 0.228USD/Pc. The price of the black silicon products remains unchanged at 0.260USD/Pc. The range of the 156.75mm mono-Si wafer price revision is 0.380~0.423USD. /Pc. The average price is lowered to 0.403USD/Pc. The range of the large size wafer (158.75mm) price revision is 0.430~0.455USD/Pc. The price of the wafers with the size of 161.75mm and above remains unchanged at 0.460USD/Pc.
In the domestic market, the range of the 156.75mm multi-Si wafer price revision is 1.80~1.84RMB/Pc. The price of the black silicon products remains unchanged at 2.06RMB/Pc. The price range of the cast-mono wafers is revised down to 2.67~2.70RMB/Pc. The range of the 156.75mm mono-Si wafer price revision is 2.98~3.15RMB/Pc. The price range of the large size wafers remains unchanged at 3.30~3.37RMB/Pc. The price range of the 166.75mm wafers remains unchanged at 3.47RMB/Pc.
Cells
This week, the market price of the cells is in a free fall. Due to the gloomy market sentiment, many manufacturers are selling-off their products in an attempt to convert the inventories into cash, which leads to chaos in the market. The manufacturers of multi-Si products do not have any more room for price reduction except the industry leaders. The free fall of the multi-Si product prices is likely to affect the price of the mono-Si products to a certain extent in a later period.
In the overseas market, the range of the general multi-Si cell price revision is 0.086~0.120USD/W at the moment. The average price is lowered to 0.093USD/W. The range of the general mono-Si cell price revision is 0.102~0.107USD/W. The average price is lowered to 0.105USD/W. The range of the high-efficiency mono-Si cell price revision is 0.112~0.133USD/W. The average price is lowered to 0.118USD/W. The price range of the superior high-efficiency mono-Si cells (>21.5%) remains unchanged at 0.115~0.170USD/W.
In the domestic market, the range of the general multi-Si cell price revision is 0.75~0.81RMB/W. The average price is lowered to 0.79RMB/W. The price of the high-efficiency multi-Si cells is raised to 0.85RMB/W. The range of the general mono-Si cell price revision is 0.80~0.85RMB/W. The average price is lowered to 0.83RMB/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 cells (>21.5%) price revision is 0.95. ~0.98RMB/W. The average price is lowered to 0.96RMB/W. The price of the bifacial high-efficiency mono-Si cells remains unchanged at 0.94RMB/W. The price of the bifacial superior high-efficiency mono-Si cells (>21.5%) remains unchanged at 1.02RMB/W.
Modules
The bleak outlook of the domestic market has set off a bearish chain reaction in the overseas market this week. Despite the fact that the domestic projects are being implemented, the market is not thriving as expected. The small and medium-sized module manufacturers have lost hope in the domestic market this year. Consequently, they turned their attention to the overseas market. Due to the vicious price competition, the overseas market price this week is downward spiraling into chaos.
In the overseas market, the range of the general multi-Si (270-275W) price revision is 0.202~0.240USD/W at the moment. The average price remains unchanged at 0.208USD/W. The range of high-efficiency multi-Si (280-285W) price revision is 0.210~0.220USD/W. The average price is lowered to 0.215USD/W. The range of the general mono-Si (290-295W) price revision is 0.215~0.235USD/W. The average price is lowered to 0.222USD/W. The range of the high-efficiency mono-Si (300-305W) price revision is 0.298~0.325USD/W. The average price is raised to 0.315USD/W. The range of the superior-high efficiency mono-Si (>310W) price revision is 0.233 to 0.400 USD/W. The average price is lowered to 0.276 USD/W.
In the domestic market, the range of the general multi-Si (270W~275W) price revision is 1.67~1.73RMB/W. The average price remains unchanged at 1.70RMB/W. The range of the high-efficiency multi-Si (280-285W) price revision is 1.77~1.83RMB/W. The average price is lowered to 1.80RMB/W. The range of the general mono-Si (290W~295W) price revision is 1.71~1.75RMB/W. The average price is lowered to 1.73RMB/W. The range of the high-efficiency mono-Si (300-305W) price revision is 1.76~1.84RMB/W. The average price is lowered to 1.81RMB/W. The range of the superior-high efficiency mono-Si (>310W) price revision is 1.80~1.86RMB/W. The average price is lowered to 1.85RMB/W.
