The polysilicon market saw slight decline in prices this week, down 2% respectively, in China and the overseas markets. The average trading price of polysilicon for mono-Si wafer use reached RMB 88/kg. The highest and lowest prices have dropped as well. The average trading price of polysilicon for multi-Si wafer use also declined to RMB 80-82/kg.
The multi-Si market still witnessed weak demand at this point. Despite the higher demand for mono-Si products, it’s difficult to maintain the same level of prices following the increasing supplies. Therefore, prices are likely to be adjusted further after China’s long holidays next week. During China’s long holidays, many multi-Si wafer makers will suspend their productions. As a result, the price trend after China’s long holidays will mainly depend on whether multi-Si wafer makers increase their capacity utilization rates or not. Meanwhile, whether the inventory level of polysilicon will increase or not, leading to affect the price negotiation between wafer and polysilicon manufacturers.
For the overseas markets, prices continued to be lowered due to the weak demand. The actual trading price has dropped to below US$ 10/kg for some companies.
The multi-Si wafer market continued to make adjustments to prices. The average trading price of multi-Si wafers reached RMB 2.2/pc in China and US$ 0.285/pc in the overseas markets. The range of price decline basically shrunk this week. Although many wafers were traded at low prices in China, multi-Si wafer is still priced at RMB 2.2/pc for most top-tier manufacturers. It’s predicted that after China’s long holidays, if the polysilicon market does not witness lower prices, the wafer market should be able to maintain the level of prices.
For the overseas markets, the price trend is similar to that of China. Yet, due to the weak multi-Si demand, sellers may still lower prices further this week. Since wafer makers are mostly suffering from losses, price is likely to be under control after the capacity utilization rates are adjusted after China’s long holidays. It’s forecasted that wafer price trend will change in October as polysilicon prices slowly decline.
For mono-Si wafers, since Longi has announced not to make any adjustments to prices and that the mono-Si market currently witnesses stable demand, there shouldn’t be any changes to mono-Si wafer prices before late-October.
The cell market this week witnessed similar situations as last week. The continuous increase in mono-Si demand in China has led to strong demand for PERC cells. However, as China’s long holidays approach, PERC cell prices remained flat from last week. The average trading price reached RMB 1.15-1.17/W for mono-Si PERC cells with efficiencies more than 21.5% and RMB 1.1-1.12/W for mono-Si PERC cells with efficiencies between 21.2% and 21.4%. Although overseas manufacturers wanted to increase prices following the higher Chinese prices, it’s difficult for them to do so as overseas module makers continued to push down module prices.
The multi-Si cell market saw slightly decline in prices. The average trading price for multi-Si cells with efficiencies of more than 18.6% reached RMB 0.88/W. Because Taiwanese manufacturers lost the European market all of a sudden, it’s difficult to digest their multi-Si cell stock, leading to lower prices.
The module market witnessed stable prices in China recently. However, overseas module prices still reflected a downtrend. Especially with the cancellation of MIP in the European market, Southeast Asian supplies will be replaced by Chinese supplies. The low cost advantages will allow prices to go down further.
The average trading price of conventional multi-Si modules reached US$ 0.24/W in Europe. It’s rumored that prices are even lower at times. For mono-Si modules, the 300W and 305W mono-Si PERC module market witnessed strong demand. But affected by the low-price competition, mono-Si module prices reflected a downtrend, like multi-Si module prices, in the overseas.