Polysilicon: Resume production is slow, and the polysilicon prices remains bullish trend
In March, it is more obvious for downstream to improve production schedule and it is estimated that the downstream industry chain prices may still be upward repair. Part of the pull crystal factories obviously consumpted pre-sweep of a large number of silicon inventory. Thus there is still a need to replenish the library to take material, and the acceptance of the price of silicon gradually improved. Also based on the slow resumption of production of polysilicon enterprises in March, polysilicon prices bullish trend is still in place.
Silicon wafer: In March, downstream scheduling has a significant increase in production, and silicon wafer prices are expected to rise
Demand side: Under the influence of China's distributed policy and power trading policy changes, it is excepted that China's installed capacity has a small rush in Q2. In March, module companies scheduling production has a significant increase in month-on-month ratio. Superimposed on the Tongwei Meishan, Penshan cell base production, the cell output in March increase obviously.
Supply side: The overall crop rate in the wafer segment is obviously limited by the self-regulation quota, and the increase in production is relatively slow, so the overall supply is on the low side. Under this background, the head of the crystallization companies has the willingness to increase prices, but whether the downstream acceptance still needs to be observed. It is forecasted that 210RN wafer prices will rebound significantly in March, and 183N & 210N wafer prices synchronized with a small repair.
Cell: Driven by staged demand, 210R-N cells are likely to see a slight rise
Currently cell prices are still stable, and only 210R price is higher. At present, the downstream module factory gradually increase production, which supports the cell demand. Therefore, the growth trend of cell inventory stopped. Expected in March, the head of the enterprise (such as Tong Wei) will significantly increase production, and the overall supply of battery will increased obvious, but the increment is concentrated in the head of the enterprise. With a large increase in demand for modules in the short term, the cell price has stronger support, and 210R-N type cells may usher in a small price increase.
Module: Modules prices rose 0.02-0.03 yuan/W under the stimulation of many factors.
In this week, head module companies JinkoSolar and LONGi increased module prices by 0.02-0.03 yuan/W, and the ex-factory price came to about 0.7 yuan/W. The remaining manufacturers are expected to follow suit in the short term. Due to the continuous production reduction of in recent months, the overall inventory is low. China and foreign distributors continue to sell goods. New power policy is beneficial to stimulate end-use rush projects in the short term. Industry self-regulatory associations have begun to see the effect. Because of the stimulation of these factors, the price of module increase.