There have been some changes for Chinese module prices after June 30th. Certain power plants are still rushing their installations in July. For multi-Si modules, some manufacturers have lowered prices for certain orders as the anticipation. Other than that, spot prices have remained stable. As for conventional mono-Si modules, prices have reflected a downtrend following the weaker demand.
The average trading price of polysilicon reached RMB 120-122/kg previously. Currently, some small orders were priced at RMB 124-125/kg affected by the tight polysilicon supply. Although prices slightly dropped outside China, the overall demand stayed flat in early-July, and thus prices have returned to stable level this week.
Despite the negotiation between multi-Si wafer buyers and sellers last week, the average trading price has successfully grew to RMB 4.9/piece this week in China. Prices of super high-efficiency wafers have also reached US$ 0.66-0.67/piece and US$ 0.64-0.65/piece for high-efficiency wafers in Taiwan. Diamond wire multi-Si wafer is priced at RMB 4.4-4.6/piece and the amount of supply increases month by month.
Ever since leading mono-Si wafer maker began to lower prices, second-tier manufacturers followed suit. The average trading price of 190µm has reached RMB 6-6.2/piece in China and US$ 0.78-0.83/piece in Taiwan. The large price gap among manufacturers previously has started to shrink. Following the lower conventional mono-Si cell/module prices, the mono-Si wafer market will be still mainly dominated by top-tier manufacturers and witnessed downtrend in prices.
Like wafer, the average trading price of multi-Si cells has increased to RMB 1.8-1.83/W in China. But since some of the order prices negotiated earlier were set at a lower prices for multi-Si modules, a small proportion of multi-Si cell orders were priced below RMB 1.8/W.
Cell prices rose significantly previously in Taiwan. This week, prices didn’t grow substantially; reaching US$ 0.232-0.235/W. Cell demand is likely to keep heating up till August in third-party countries, with multi-Si cell prices staying flat at US$0.24-0.25/W.
Mono-Si cell demand continued to decrease, reaching RMB 1.92-1.95/W this week and may decline further later on. Meanwhile, prices remained steady in the overseas market.
Module prices have begun to fluctuate substantially after June 30th. Although utility-scale projects that are rushing the progress can still support multi-Si module demand in July, prices mostly reached RMB 2.8-2.95/W with some prices even lower. This is because certain manufacturers were expecting lower prices in July, and they already gave in when negotiating orders for July in June.
Due to the large price gap between multi-Si and mono-Si modules, and the end of 0630 installation boom, demand has declined significantly recently. The supply shortage has slowly been alleviated, with the spot prices dropping to RMB 2.95-3.1/W. On the other hand, since most of the mono-Si demand will come from the high-efficiency modules of the “Top Runner Program” in Q3, conventional mono-Si will have to maintain its price competitiveness to avoid weaker demand. Currently, we can see that top-tier manufacturers have lowered the prices to RMB 2.9-2.95/W.
The module market still witnessed short supply in the overseas, with the prices staying flat. It’s still difficult to get modules in the overseas until late-August.