PV module and upstream industry chain real-time price quotes 11 October - 17 October 2021

· Price Trends
PV module and upstream industry chain real-time price quotes 11 October - 17 October 2021

Solar silicon market prices: (updated every Monday)

This week's bulk order quotes for monocrystalline silicon floated between USD38.84/PC-USD41.95/KG, while polycrystalline silicon quotes ranged from USD21.75/KG-USD22.53/KG.

Silicon quotations continued to rise this week, with orders at higher prices being filled recently.

Due to the power and production restrictions, raw materials such as silicon powder are expected to be restricted in supply and prices have increased significantly. Coupled with the solar silicon market is also at risk of power restrictions and production cuts, the cost of polysilicon material has increased significantly, and some of the output may be restricted. Recent downstream and midstream prices have also been adjusted to reflect the upward adjustment of costs, forming a support for the current solar silicon offer.

Observe the solar silicon link production operation and shipping situation, China's twelve solar silicon enterprises in production, October added a new enterprise plans to start late maintenance. The two enterprises that were overhauled in the previous period, one has gradually resumed production as planned, and the other solar silicon enterprise is scheduled to postpone its resumption of production until the middle or end of this month. Overall, the production rhythm of China's silicon market in the fourth quarter is still unclear, due to the continuation of the impact of energy consumption double control policy, the continued release of power restrictions and production pressure, the shortage of upstream industrial silicon raw material supply or will continue, while Xinjiang, Inner Mongolia, Sichuan and other silicon production areas are forced to reduce production risks, supply restrictions or intensify the phase of silicon oversupply.

PV silicon wafer market prices: (updated every Monday)

PV silicon wafer offers continued to climb this week.

G1 and M6 monocrystalline wafer prices rose to USD0.86/PC and USD0.89/PC respectively, while M10 and G12 wafers were quoted at USD1.07/PC and USD1.41/PC.

Influenced by upstream solar silicon prices, the cost of PV wafers has recently risen by USD0.0093/PC-USD0.011/PC, and several first-tier PV wafer companies have increased their quotations to cope with high raw material costs.

Due to the obvious market trend, the terminal market continues to release the signal of shutdown, resulting in solar cells and photovoltaic modules end of the landing orders gradually reduced, the current overall volume of solar silicon wafers is also showing a downward trend, some enterprises production line has been correspondingly revised downward opening rate.

Polysilicon wafers, subject to power restrictions, the impact of rising raw material costs, the downstream wait-and-see situation is thick, photovoltaic silicon wafers in the bargaining game slightly up, the market also has polysilicon wafer enterprises to reduce production in response.

Solar cell market prices: (updated every Monday)

Solar cell offers rose slightly this week.

The average market price for monocrystalline M6, M10 and G12 cells was at USD0.17/W, while polycrystalline and monocrystalline G1 cells were quoted at around USD0.14/W and USD0.18/W respectively.

Recently, due to the impact of China's power restrictions and the continued rise in upstream costs, some first-tier companies have raised their quotations for October, but the actual volume of transactions is low and the market is in a strong wait-and-see mood.

Due to the recent price hikes across the entire industry chain, the solar panel segment has little profit margin and the solar cell market has slowed down in terms of purchasing demand. many solar cell enterprises in China have continued to take holidays and reduce production in early October, with the solar cell market start-up rate basically falling back to a lower level in the early part of the year. Some solar cell manufacturers have fed back that the current downstream taking attitude is not active, and the solar cell segment is expected to see a further decline in the start-up rate this month.

Solar panel market prices: (updated every Monday)

The market price of G1 and M6 solar panels was raised to USD0.30/W and USD0.32/W this week.

The price of M10 and G12 solar panels has been increased to USD0.33/W.

Some solar panel orders have already exceeded the USD0.33/W price level and prices are rising.

Along with the rising pressure of solar raw material prices, some solar panel manufacturers have suspended their external quotations.

As a result of the upstream supply chain, the market supply of auxiliary materials such as adhesive film and backsheets continues to be tight, making it difficult to deliver scheduled orders in the solar panel market as scheduled, and production costs are rising again.

The current solar panel offer on the market is not accepted by the terminal, but the cost is so expensive that solar panel enterprises are no longer blindly producing to ensure efficiency, so they have significantly lowered their start-up rates. Some companies have fed back that the current cost of solar panels is above USD0.28/W. Most of the solar panel offers are above USD0.31/W, but the actual profit margin is small.

In terms of policy, China has recently released positive signals for an increase in trading tariffs, which is expected to boost end demand, enhance the acceptance of solar panel increases in power stations, especially for commercial and industrial distributed projects, and raise the cost of electricity for high energy consumption segments of the PV supply chain.

There are PV power station projects need to start customers try to place orders in advance, locking supplier prices to avoid solar panel prices continue to go higher to bring power station installation costs rise.

Solar PV module price forecast.

Solar photovoltaic module prices continue to rise has become a foregone conclusion, the rate of increase is expected to be around 3%-5%.

Solar PV module prices will not fall in the short term due to the impact of the epidemic, shipping costs, global inflation and China's policy of limiting electricity and production.

Customers who can afford the installation cost of PV systems should still place their orders in advance in order to reduce the losses caused by continued price increases.

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