PV silicon material: minor fluctuations inoffer, polysilicon RMB offer cancelled
This week, the price of PV silicon materialfluctuated slightly, near the end of this month, most of the PV siliconmaterial enterprises began to negotiate November orders, after last week'smarket price of USD42.94/KG, the market transaction is less, the mainstreamprice of new orders are mainly concentrated in USD41.53-42.47/KG. but in the "energy consumption double control However, under the influence of the "double control of energy consumption" policy, the already tight supply of polysilicon material in the market was further strained, and some of the bulk orders continued to rise, but the downstream did not buy orders. For polysilicon, the RMB offer for polysilicon projects was cancelled from this week due to further reduction in current transactions and lower market share of the product.
Observe the production operation andshipment of PV silicon link, China's twelve PV silicon enterprises inproduction, one of the enterprises by the power restriction policy to reduceproduction continued, this week added a new enterprise overhaul, the currenttotal of five enterprises in the overhaul stage, is expected to four normal maintenance of the maintenance of enterprises in the first half of November to resume production. Overall, due to power restrictions and load shedding and daily maintenance, China's PV silicon output dropped slightly to 42,000 tonnes in October, basically in line with the expected level. The supply of PV silicon remains tight in the fourth quarter. In the broader context, the recurring epidemic brought disruption to the delivery of silicon goods, and the power restriction policy is expected to affect the silicon output of the northwest origin, driving the silicon price to remain at a high level in the market.
PV wafers: stable offer, downstreamcontinues to wait and see
This week's PV silicon wafer quotation isweak and stable, and the downstream continues to wait and see. The currentmarket strategy of PV wafer enterprises varies, vertically integratedenterprises based on downstream costs, shipments and other factors, through thedownward adjustment of the link start rate, trying to force the upstream PV silicon prices to stop stabilization; specialized enterprises based on PV wafer production and product profit considerations, some enterprises to OEM orders continue to maintain relatively high production line start level, to promote the current PV wafer prices will be stable operation. As the downstream solar cell module enterprises' start-up rates continue to drop, PV wafer link gradually feel the pressure of shipping, in the face of new inquiries in November, PV wafer quotes are generally stable, if the PV silicon quotes continue to move higher, the pressure on the silicon wafer space is limited, the market quotes have the potential to move further up.
At present, M10 monocrystalline wafers areselling at a relatively low price of USD 1.07/PC, and shipments have beenincreasing recently. In terms of orders, towards the end of the month, mostcompanies started to offer, but the actual volume of transactions was small,and the downstream wait-and-see atmosphere was getting stronger. In terms of PV wafer output, the output of local PV wafer enterprises continues to be restricted due to the pressure of power restrictions in Qinghai, Yunnan and Inner Mongolia.
Solar cell: small fluctuations in price,only M10 price increase
Solar cell offers fluctuated slightly thisweek, with only M10 prices increasing. Monocrystalline large-size solar cellswere shipped relatively smoothly due to their high price/performance ratio, butthe transaction price remained largely unchanged from last week. The price ofmonocrystalline G1 products is relatively slightly volatile, and there are still shouting signals on the market to increase, but overall it is difficult. As for polycrystalline solar cells, market offers were generally stable at around USD 0.14/W, with no significant fluctuations in end demand.
At present, the market, by the solar moduleinventory backlog, battery procurement demand shrinkage, enterprise powerrestrictions and other factors, some enterprises 166 production linetransformation or shutdown, large size production capacity continued to rise,is expected to be the market after the large size battery market competition situation gradually intense. In addition, the recent battery companies have signed purchase long term contracts with upstream manufacturers to protect the future supply of PV silicon wafers.
Solar modules: quotes remain stable, modulecompanies and end-customers are still in a state of play
This week's solar module quotations remainedstable, and downstream orders were not very positive. Following the increase insolar module quotations in the early part of the week, fewer new orders weresigned this week, as end customers expressed limited profit margins and wereunwilling to accept the increase in solar modules, but some solar module companies' contract prices were unable to catch up with market prices, making it difficult to execute orders. Solar module inventory has a tendency to accumulate. At present, solar module companies are taking the initiative to reduce production in response, especially the double-glass components needed for some of the postponed construction projects, bringing some shipping pressure on the adhesive film, glass and other auxiliary materials companies, which are expected to give way to auxiliary material prices in November. On the other hand, China's policy side has recently strengthened its guidance on grid-connected stock projects, and the planned guaranteed grid-connected projects and some distributed projects are expected to become the main driver of installed demand at the end of the year.
Future PV industry chain price forecast.
Solar module prices stayed stable at highlevels for a short time last week, but the number of orders sold at high priceswas limited. Entering November, solar module prices are likely to continue tostay at this price level. PV silicon prices are basically stable and noinformation has been received on price increases for solar module auxiliary materials, but the continued increase in global inflation is destined to ripple through the entire industry and raise prices throughout the industry chain. Although the current price is not greatly affected by inflation, but in the long term inflation has brought about the cost of goods continue to rise has become a foregone conclusion. This is why cash in kind is currently the most sensible anti-inflation strategy. Solar modules have a certain anti-inflationary capacity, so the recent global PV power plant construction projects have increased, solar module prices will continue to rise in the long run, it is only a matter of time.