This week, demand for polysilicon remains stable in China with variation in prices. Despite high prices have increased, main trading prices remain constant over the relevant range of last week. For now, demand for mono-Si wafer use is clear while that for multi-Si wafer use is suppressed owing to an increase in supply. Although some companies want to increase low prices, the range is limited.
So far, downstream sector’s market is expected to be balance in early March but relatively unclear in late March, making buyers’ attitude conservative. Prices in late March is expected to vary within a small range. For overseas market, as transactions have slumped while prices stopped rising, the overall prices remain steady this week.
Prices for mono and multi-Si wafer have kept unchanged this week. Though Longi increased its price last Friday, the range is lower than expected. The average trading prices reach at around RMB 3.15/piece, with an increase in low prices while high and average prices being consistent.
Despite there’s demand for multi-Si wafers, the market trend is unclear in late March. Moreover, as March saw a significant increase in production than that of February, price upward trend has stopped, with average price falling between RMB 2.1-2.15/piece. Due to similar demand for overseas market, wafer prices are unchanged. After mid-March, prices are expected to change under the influence of downstream demand and adjustment in cell prices.
Demand for terminal market has become steady recently. As module manufacturers’ demand for mono PERC cell has slowed down, prices started to be suppressed, putting the continuous upward trend in mono PERC cell prices since last October to an end, with price beginning to fall immediately. Prices for PERC cell with efficiency at 21.5% and over has dropped from RMB 1.29-1.32/W to RMB 1.25-1.28/W this week.
As module manufacturers’ target price for March is lower than this week’s spot price, meanwhile, capacity of mono PERC cell is still increasing, prices are expected to see a slight decline next week.
Owing to India’s recent growing installation in Q1, supply and demand for multi-Si cell is balance now and prices will remain stable for short term. However, prices are expected to drop in late March after India’s installation boom ends.
Judging from China’s recent ongoing FiT policy amendment, China will experience low demand in 1H19 as demand will start increasing in 2H19. Prices for mono-Si and multi-Si modules are anticipated to gradually decline following a significant slowdown in demand in late March after the end of India and Japan’s high season.
After hitting bottom in May, market demand is expected to increase slowly due to relatively shorter low season this year. Thus, there’s limited range of decrease in overall module prices. However, prices may rebound slightly in 2H19 as demand heats up and middle and upstream sectors start the upward price trend in the end of the year.
Unlike backsheet and EVA, prices for solar glass have become stable. This week, solar glass manufacturers are incubating another wave of price increase, leading to buyer/ seller standoff, with prices keeping unchanged. Nevertheless, solar glass price is expected to rise within a short term.
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