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Updated June 20, 2019

Poly Price

Since polysilicon makers are expecting to negotiate prices for July next week, prices remain at the previous level in China this week. So far, only prices for polysilicon for mono-Si wafers have slightly increased. Looking at the market situation now, prices for polysilicon for mono-Si wafers are likely to increase next week due to a shortage in supply.

Owing to sufficient supply, production resumption, and capacity expansion, prices for polysilicon for multi-Si wafers are likely to decline marginally. Yet, prices won’t go down indefinitely because supply and demand are currently in equilibrium thanks to stable downstream demand. It’s worth noting that companies that have resumed production are not operating at full capacity in June, and whether they will resume more production lines will depend on the price trend in July. Once manufacturers start operation on both older and new manufacturing lines, prices for polysilicon for multi-Si wafers are likely to reflect a downtrend in July.

Prices for polysilicon for mono-Si wafers increased slightly in overseas markets, showing that there’s a rising demand. However, since most polysilicon are sold to the Chinese market, Chinese prices have kept overseas prices rise contained. With smooth transactions being made in overseas markets, price trend will depend on China’s price negotiation next week.
 

Wafer Price

In China, multi-Si wafer prices stay constant at RMB 1.9/piece. Before China’s grid-parity projects gets the go-ahead, multi-Si wafer prices will not change significantly. Therefore, despite price negotiation will begin next week, prices are expected to remain stable. Currently, average prices of overseas multi-Si wafers  remain at USD 0.255/piece, but some transactions also saw agreed price of USD 0.253/piece, and that may affect prices for July.

Due to a relative shortage of mono-Si wafers, small-sized manufacturers have raised their prices. Top-tier mono-Si wafer makers are thus more likely to increase prices as well at the end of June.
 

Cell Price

With production capacity increasing each month this year, supplies of mono PERC cell have become sufficient recently, and the market will even see a slight surplus of mono PERC cell supply next month. That made manufacturers begin negotiating prices for July ahead of time, with trading price this week slightly declined by RMB 0.02/W, sitting at RMB 1.17-1.19/W in China and USD 0.155-0.157/W in overseas markets.
 

Module Price

However, such price level is still too high for PERC module makers that are struggling to increase prices, and therefore top-tier module makers will continue putting pressure on cell prices. With the ongoing buyer/seller standoff, not much transaction will be made until next week. Whether prices will fluctuate again next week will depend on the level of end-user demand in July.

As there are only a few multi-Si cell supplies, multi-Si cell supply and demand is stable. This week, conventional multi-Si cell is priced at RMB 0.89-0.9/W.

As for mono PERC module, order volumes of top-tier makers that have expanded business overseas remain high thanks to continued stable demand in overseas markets. Yet, after the installation boom ends on June 30 in China and Vietnam, overseas markets are unable to maintain the level of demand in July because it will take a while for Europe to enter the high season. As a result, the market saw some manufacturers lowering prices marginally to increase sales before demand bounces back in China.