Wafer prices remained stable this week. Among them, the average transaction price of N-type G10L monocrystalline silicon wafers (182*183.75 mm/130μm/256mm) remained at RMB 1.12/piece. The average transaction price of N-type G12R monocrystalline silicon wafers (182*210mm/130μm) remained at RMB 1.25/piece. The average transaction price of N-type G12 monocrystalline silicon wafers (210*210 mm/150μm) remained at RMB 1.6/piece. This week, the operating rates of the two first-tier enterprises remained at 55% and 95% respectively. The operating rate of integrated enterprises is maintained between 50%-60%, and the operating rate of the rest of enterprises is maintained between 50%-100%.
Although prices remained stable this week, there was no fundamental change in the relationship between supply and demand in the wafer market, and companies were planning to raise prices but there was no actual transaction yet, and the market is expected to remain in a game situation in the short term. First of all, polysilicon prices have risen for two consecutive weeks, and it is expected that the supply and demand of the polysilicon market will balance this month. Second, the supply and demand of wafers of different sizes and specifications are not the same, coupled with the high concentration of inventory, it cannot be ruled out that the prices of individual wafers will fluctuate at the bottom in the short term. Finally, it is expected that after the end of the summer break, domestic and foreign terminal demand is expected to continue to increase, and downstream companies are expected to rebuild inventories and increase procurement, but in the short term, module inventories remain high, which also suppresses enterprises' willingness to produce.
At the same time, the price of M10 mono-Si TOPCon cells remained unchanged at RMB 0.285/W this week, and the price of 182mm TOPCon bifacial double-glass modules remained unchanged at RMB 0.76/W. At present, the cell inventory is 10-15 days, and the module inventory is 1.8-2 months.
Source: https://mp.weixin.qq.com/s/24bSc-snXQ2c9gT6IxA_sg