PV industry supply chain prices: silicon prices fall less, Chinese New Year stock piling drives industry chain prices to remain stable

· Price Trends
PV industry supply chain prices: silicon prices fall less, Chinese New Year stock piling drives industry chain prices to remain stable

Photovoltaic silicon: prices continued to fall, by around 2.13%.

Towards the end of the month, downstream enterprises are signing orders for next month. The average price of PV monocrystalline materials traded by some first-tier enterprises is maintained at around USD 36.19/KG, but the market has seen transaction prices below USD 34.62/KG. Downstream prices were basically stable this week, and some PV silicon companies had more room for price fluctuations on long orders to reduce their inventories. Influenced by the recent offer of PV silicon in China, overseas PV silicon prices fell in tandem, with recent prices around USD 31.9/KG.

Observing the production and shipment of PV silicon, there are 12 PV silicon enterprises in production in China this week, the new production capacity of Chinese PV silicon enterprises has been put into production one after another, the PV silicon production in December is about 49,000 tons, an increase of more than 10% compared to the ring. Based on the need for downstream Chinese New Year stockpiling, procurement demand is increasing, short-term PV silicon prices will likely stop down to remain stable.

 

Photovoltaic wafers: The quotation fluctuated slightly, the transaction price gradually stabilized, orders were filled one after another, and the inventory decreased significantly.

Demand for polycrystalline PV wafers has been low and prices have fallen sharply, with mainstream transactions at USD 0.275-0.279/PC; monocrystalline PV wafer prices have varied, with G1 prices falling and mainstream transactions at USD 0.747-0.758/PC, M6 mainstream transactions at around 0.769/PC, M10 mainstream transactions at USD 0.895-0.911/PC G12 was sold at around USD 1.25/PC.

Observe the production and shipment of PV wafers, the current PV wafer start rate is low, with PV silicon prices continue to drop, and the Chinese New Year before the various links of downstream stocking demand, PV wafer start rate is expected to improve. The inventory of PV wafers is gradually decreasing, and the demand for downstream stocking is gradually becoming larger in late December, with the price of PV silicon falling less and wafer prices remaining stable for the time being.

 

Solar cells: offers remain stable, no significant fluctuations in overall offers

The price of monocrystalline M6 has temporarily stabilized at around USD 0.160/W, M10 at USD 0.169-0.172/W and G12 at USD 0.165-0.176/W. As the inventory of PV wafers decreases, the upstream silicon and wafer link prices in the industry chain have stabilized, and solar cell companies have started to place orders for procurement. This week in the downstream photovoltaic modules under the pull of the Spring Festival stocking demand, photovoltaic module end of the cell end of demand slightly improved, solar cell shipping prices gradually clear. Observe the production operation of solar cells, some solar cell factory start-up rate slightly increased, but by the epidemic, some areas of production restrictions, the overall market start-up rate has been adjusted downward.

 

Photovoltaic modules: quotes out of the downward trend, some monocrystalline products prices have fallen.

This week, the demand for PV modules is mainly from the Chinese New Year stocking, the market demand is not obvious for the time being, with the recent price drop of all links of the PV industry chain, some end projects are expected to start after the year, the first-tier PV module enterprises plan to raise the start rate for stocking. With the recent decline in prices of various segments of the PV industry chain, some terminal projects are expected to start after the year, first-tier PV module enterprises plan to raise their start rates for stocking, while the overall start rates of small and medium-sized PV module manufacturers in China are still low, and the demand for the first quarter of next year is uncertain, the market transaction is not active, according to the recent bidding project prices in China, PV module enterprises are expected to have a large price difference, and some first-tier PV module enterprises are still offering According to the recent bidding project prices in China, the prices of PV module enterprises are expected to fall, and some of the first-line PV module enterprises' offers are still being adjusted downwards.

In terms of auxiliary materials, this week's glass offer is stable for the time being, with no obvious signs of market fluctuations. 3.2mm thickness glass prices are around USD 3.927-4.086/㎡ and 2.0mm thickness glass prices are around USD 2.98-3.30/㎡. In terms of raw materials, the price trend remained stable and the inventory of enterprises continued to increase. Despite the downward price adjustments in all major segments of the industry chain, the end market demand is unknown and glass prices are not showing signs of rising.

 

Next week's price forecast.

At present, the overall market demand has improved slightly compared to December, with the European and Indian markets upward relative to the December demand, and the rest of the market demand is relatively light. Photovoltaic module inventory is already at a normal level, and driven by the pre-Spring Festival stockpiling, PV module manufacturers will raise production to 70-80% in January. In terms of price, the demand for the first quarter of next year is not clear, the market is not active, and it is expected that the PV module market price will continue to fall next week.

 

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