Silicon
The price of silicon material has fallen for three consecutive weeks since July. The average price of monocrystalline silicon material decreased by 1.85%, of which the average price of recharging materials was RMB 205,500 yuan/ton, a month on month decrease of 1.91%, the average price of poly price for mono and multi was RMB 203,500 yuan/ton and 201,500 yuan/ton respectively, a month on month decrease of 1.93% and 1.71%. Polysilicon material prices remain unchanged.
Due to the low demand for terminal installation in the first half of the year, even if the operating rate of modules, cells and wafers has been reduced one after another, there is still inventory. On the basis of the short-term decline of silicon price, the purchase demand is constrained, and the silicon supply is sufficient in stages. Silicon will be in much demand in the second half of the year and the price may decline by a large proportion.
According to the national power industry statistics of the National Energy Administration from January to June, the installed capacity of photovoltaic in H1 was 13 GW. Based on the annual 60 GW, the installed capacity of H2 should reach 47 GW, which is more than 3.5 times that of H1. Due to the installation rush at the end of the year, Q4 will see more installation than that in Q3. Solarbe Consulting expects that the silicon material price will decline slowly and slightly in Q3, and stabilize at a high level after entering Q4.
Wafer
Except for M6, the price of monocrystalline silicon wafer this week was the same as last week. The average price of M6 was RMB 4.5 yuan/piece, down 2.17% month on month.
The price of M6 continuously decreased, which is a reflection of the
accelerated size change, indicating that the market is eliminating M6. Even
though M6 still has a certain market due to cost advantage and maturity,
terminal favors M10 and G12 more. It is expected that M10 and G12 will account
for more than 50% by the end
of this year.
Polysilicon wafer prices continued to decline, with an average price of RMB 1.80 yuan/piece this week, down 8.86% month on month
Cell
This week, except G1, the price of wafers has all been lowered. Among them, the average price of M6 is RMB 0.97 yuan/W, with monthly ratio down 3%, the average price of M10 is RMB 0.98 yuan/W, with month-on-month decrease of 2.97%, the average price of G12 is RMB 0.99 yuan/W, with the monthly ratio down by 1.98%.
In terms of supply, after the price adjustment of silicon wafer in early July, it is temporarily in a stable state. The low operating rate of wafer leads to the reduction of operating rate of first-line silicon wafer enterprises other than integrated enterprises, and there is no sign of improvement.
Due to the weak demand for terminal installation, the operating rate of modules is reduced. At present, it is still in the stage of clearing inventory, and the price is further reduced to obtain orders.
Module
The module price this week was the same as last week. Under the condition of continuous reduction of cell price, module price was only reduced once at the beginning of the month, and then maintained stable for three consecutive weeks. Whether due to the pressure of installation target or the profit transfer in the parity era, terminal owner gradually accept investment rate of return below 8%. From the latest bidding quotation, the module price didn’t seem to be reduced.
About Solarbe Consulting
Relying on Solarbe, the authoritative media in the photovoltaic industry, Solarbe Consulting focuses on data and industry research. It provides photovoltaic enterprises with market data, enterprise consulting, price trend, enterprise analysis, market research, customized report and other services, helping enterprises make correct decisions in sales, production, expansion and decision-making.
