Since many companies are conducting maintenance recently, prices for polysilicon for multi-Si wafers have increased marginally, but price increase is limited because of stable demand and remaining inventory. At this point, demand and supply still determine market prices.
After hitting a low, prices have started bouncing back. Although polysilicon makers will resume production later, prices are unlikely to be lower than previous level owing to rising end-user demand. Since polysilicon production will be resumed after maintenance check, price increase will not be substantial. If the scale of production remained constant, the polysilicon market will witness plentiful supplies in the second half of the year, with the high price kept lower than prices of some high-cost companies.
As for overseas markets, though prices stayed constant this week, the rising number of interested buyers for polysilicon for both mono- and multi-Si wafers signals a brighter outlook for overseas market as that of the Chinese market, which increases buyers’ willingness to purchase as well as the room for price negotiation.
Despite the rising price quotes of multi-Si wafers, market price has remained stable at around RMB 1.9/piece this week for top- and second-tier makers as well as buyer and sellers, according to the investigation.
Like polysilicon makers, wafer manufacturers are hoping to raise prices following the price increase in cell. However, an uptrend in multi-Si wafer prices will not occur until the remaining inventory is sold.
Prices of overseas multi- and mono-Si wafers remained unchanged. However, as end-user demand increases, mono-Si wafer prices are expected to be revised up in the end of May.
Between late April and early May, almost all top-tier makers’ cell orders for May have been confirmed, allowing prices to stay constant at RMB 1.19-1.21/W for mono-Si PERC and RMB 0.85-0.87/W for conventional multi-Si cells. Cell prices will not change until the next price negotiation for June at the end of the month.
Due to stronger-than-expected demand amid low season in Q2 and high order visibility, prices of conventional multi-Si and mono-Si PERC cells are expected to increase slightly in June.
PERC module is still in high demand thanks to strong overseas demand. High-efficiency PERC module, particularly, saw slight short supply, which helped stabilize overall module prices even though Chinese demand won’t revive until July.
The increasing demand from the emerging markets has stimulated multi-Si module demand. However, multi-Si module demand is not strong enough to push up prices at this moment, making manufacturers reluctant to increase output of multi-Si module.
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