2018-09-13 | Editor : Annie Chueh 920 pageviews
Price Trend: Demand Continues to Slump, Domestic and Overseas Market Trading Potential Varies
Prices in the international market this week have fallen as a result of policy changes. Although the prices of China’s domestic market have stopped falling, the overall demand has remained sluggish. Polysilicon price decreased slightly due to weak demand. Si-wafer manufacturers continued to reduce capacity utilization to stabilize prices. For the PV cells and modules, the prices have changed differently, due to inconsistent demands. It is estimated that this mixed hot and cold situation will continue for a short period of time.
Polysilicon price fell this week on a temporary basis due to poor supply and demandlinks, and price changes are expected to occur after the increase of demand. China’s domestic overhaul companies have decreased from 12 in August to 9 at present, and the production will gradually return to full capacity. There is limited scope for price increases for polysilicon, which have not yet seen significant support from demand. So far, China’s domestic multi-si material price has reached RMB83-88/KG, and mono-si material price has dropped slightly to RMB90-95/KG. Overseas multi-si material price hasn’t changed much, with the current price of US$10.3-12.3/KG and average price at US$11.5/KG.
Si-wafer prices at home and abroad have held steady this week. Major multi-si wafer manufacturers began to reduce capacity utilization to less than 60%, hoping to adjust the output to control price; for mono-si wafer, there was no adjustments. So far, prices of mono-si and multi-si wafer have stayed at RMB2.90-3.25/Pc and RMB 2.25-2.30/Pc, respectively. Black silicon product price has also remained at RMB2.50/Pc. Overseas mono-si wafer price has remained at US$0.400-0.425/Pc, and multi-si wafer price has declined slightly to US$0.285-0.310/Pc. Black silicon product price has remained at US$0.350/Pc.
Owing to the end of EU’s MIP, China’s PV cell demand has grown. The overall operating rate and stock levels have improved, but there was still bidding phenomenon. So far, China’s domestic general mono-si PV cell price has been RMB1.00-1.06/W, and high-efficiency mono-si price has reached RMB1.07-1.18/W. General multi-si PV cell price has been reduced slightly to RMB0.91-0.95/W.
Overseas general mono-si PV cell price has been US$0.117-0.138/W, and high-efficiency mono-si price has decreased to US$0.152-0.160/W, with the average price dropping to US$0.159/W. Multi-si PV cell price has also fallen to US$0.109-0.140/W, with the average price dropping to US$0.111/W.
Domestic demand for module in China was subdued this week, but prices were broadly stable due to cost constraints. High-efficiency mono-si module has begun to receive enquiries, which is expected to be linked to the construction of the Top Runner Program in Q4. So far, China’s domestic general multi-si (270-275W) price has remained at RMB1.80-1.90/W, and high-efficiency multi-si (280-285W) price has been RMB1.80-1.90/W. General mono-si (290-295W) price has reached RMB1.83-1.90/W. High-efficiency mono-si (300-305W) price has been RMB2.10-2.20/W, with average price of RMB2.15/W.
For overseas market, prices have entirely declined because of the changes in European and Indian policy. General multi-si price has been US$0.225-0.260/W, with the average price dropping to USD0.244/W. High-efficiency multi-si price has been US$0.241-0.280/W, with the average price dropping to USD0.244/W. General mono-si price has been US$0.247-0.400/W, with the average price dropping to USD0.260/W. High-efficiency mono-si price has been US$0.275-0.415/W, with the average price dropping to US$0.275/W.