PV industry supply chain prices: solar silicon material decline becomes smaller, end market demand becomes larger, will promote the various links of scheduling production increase

· PV Price Trends
PV industry supply chain prices: solar silicon material decline becomes smaller, end market demand becomes larger, will promote the various links of scheduling production increase

Solar silicon: The price drop became smaller, with overall offers for monocrystalline material dropping to around USD 35.77/KG.

With the gradual increase in expansion capacity and near the Chinese New Year, solar silicon supply and inventory will increase, solar silicon wafer enterprises on solar silicon prices further down the forecast, confidence is stronger, has been waiting for the time; demand, by the impact of the various links of the industry chain prices down, and the Chinese New Year preparation period demand, the demand for solar silicon material has steadily increased.

Observe the solar silicon link production and shipping situation, this week in production solar silicon enterprises due to solar wafer link demand increase, and have a new order transaction, loose single and urgent single bias, long single signed relatively small amount. Some solar silicon enterprises reflected that the recent solar wafer enterprises have signs of an increase in the start-up rate, or is expected to increase to more than 70%, the solar silicon inquiries are also more frequent, supporting this week's solar silicon prices fell further become smaller. The need for Chinese New Year stockpiling, increased procurement demand, crop rate increases and the expectation of better end market demand, the short-term solar silicon quotes are likely to stop the downward trend.

Solar wafers: prices rose slightly, with the silicon segment in a stand-off phase.

This week, the mainstream transaction price of M6 solar wafers was around USD 0.78/PC, the mainstream transaction price of M10 solar wafers was around USD 0.92/PC, and the mainstream transaction price of G12 solar wafers was around USD 1.21/PC. This week, solar wafer enterprises still maintain a low start-up rate, hoping to further push down the price of silicon, but based on the increase in procurement demand for solar cells and photovoltaic modules, making this week's solar wafer link supply shortage, at the same time, some solar wafer enterprises hold strong expectations of price increases, reluctant to sell a large number of; in addition, monocrystalline M6 solar wafer procurement demand continues to rise, but The supply of M6 solar wafers showed a shortage due to the current high production schedule for large-sized M10 and G12 solar wafer products.

Observe the production and shipment of solar wafers, the current solar wafer link start rate is still low, inventory becomes small, coupled with the short-term Spring Festival stocking demand and end market demand become larger expectations, the start rate will be adjusted upward, solar silicon prices will further maintain stability, solar wafer prices will also be stable.

Solar cell: The overall price remained stable, with smooth shipments of monocrystalline M6 and M10 size solar cells.

This week, demand for monocrystalline M6 solar cells increased, but solar cell enterprises scheduled production of large size monocrystalline M10 and G12 products more, monocrystalline M6 solar cells scheduled production less, monocrystalline M6 procurement demand increased, the supply tension intensified. This week, the mainstream transaction price of monocrystalline M6 cells rose to USD 0.16/W, the mainstream transaction price of M10 was around USD 0.17/W, and the mainstream transaction price of G12 was around USD 0.16/W. The recent decline in solar silicon prices, solar cell enterprise profits also hope to gradually recover, the downstream PV module side of the demand has become slightly larger, solar cell enterprise start-up rate is hoped to be raised to 60-70%.

Photovoltaic modules: prices remain stable, end demand becomes greater, crop rate rises.

Recent upstream solar silicon and solar wafer prices down significantly, photovoltaic module production costs down, part of the previous higher prices and stop orders, began to gradually resume production delivery. At present, the mainstream transaction price of monocrystalline 166mm PV module is around USD 0.29/W, the market transaction price range is larger, the mainstream transaction price of monocrystalline 182mm PV module is around USD 0.29/W, the mainstream transaction price of monocrystalline 210mm PV module is around USD 0.293/W. Some data show that December China grid-connected data may exceed expectations, the first phase of the scenery big base project has also been orderly start, it is expected that there will be part of the project may be delayed installation, coupled with overseas market demand in India, Japan, Poland, etc., 2022 Q1 demand continues to become large, coupled with the Spring Festival period stocking demand, order heat slightly increased, the current PV component leading enterprises inventory has dropped to within one month, PV module start-up rate rose.

In terms of auxiliary materials, glass offers were stable for the time being this week, with no significant changes in market supply and demand. Some of the production lines of enterprises started to enter maintenance and output was reduced, but the impact was not significant. This week, the price of glass with 3.2mm thickness remained at around USD 3.92-4.07/㎡, and the price of glass with 2.0mm thickness remained at around USD 2.97-3.29/㎡.

Next week's price forecast.

Market procurement demand increased, based on the expectation of the end market demand become better, the PV industry chain prices will stop the downward trend in the short term.