Not much change occurred in Chinese polysilicon prices this week, which stayed at RMB 74/kg for mono-Si wafer and RMB 59/kg for multi-Si wafer. There were price quotes proposed on polysilicon for multi-Si wafers but bargaining persisted without any deal completed because trading volumes were low, cast mono makers reduced their utilization rates, and the multi-Si wafer price was on the way to stabilize. The polysilicon price for multi-Si wafer shows strong signs of decline and would settle down in December within the range of RMB 1–2/kg.
Polysilicon prices for mono-Si wafer hovered at RMB 74/kg this week amid a small shortage of mono-Si wafers. However, as polysilicon makers under maintenance have resumed full production capacity and brought online new capacity, the polysilicon for mono-Si wafers has improved somewhat in supply, which would cause its price gap with the polysilicon for multi-Si wafers to shrink. In overseas markets, polysilicon business was modest in volume because overseas polysilicon prices are largely subject to their Chinese equivalents. This week, overseas markets saw polysilicon for mono-Si wafers in the high-price segment sustaining a small price decline, whereas that in other price segments remaining consistent with their previous levels.
Hit by low multi-Si demand, high multi-Si cell supply, and weak pull-in for multi-Si cells, the downward trend in multi-Si wafer prices continued into this week, coming in at RMB 1.69–1.75/kg. As China’s multi-Si wafer prices decreased, the overseas multi-Si wafer price fell to USD 0.22–0.226/piece. The multi-Si wafer price would decrease further next week in both China and foreign markets.
Considering the current price for multi-Si wafers and that for polysilicon for such wafers, cast mono producers are operating at a deficit. Moreover, some operating producers, in a bid to maintain their utilization rates at certain levels, have taken to developing mid-and low-efficiency products, thus stimulating the market for such products. This week, Tier-1 makers of mono-Si wafers published their list prices for December, which are identical to those for the last month. The market price for mono-Si wafers was RMB 2.95–3.06/piece. Yet, amid a small shortage of mono-Si wafers, there were considerably fewer deals clinched at RMB 2.95/piece. High demand for mono-Si wafers would continue into the end of this year.
Even though cell prices have broken even for quite a few producers, the multi-Si cell price keeps falling. The market price for such cells was RMB 2.9/piece or RMB 0.63/W. While some multi-Si cell production lines have switched to mono-Si cells or slowed down in response to the continued price decrease, several Tier-1 makers are still going all-out, making it difficult to diminish the oversupply of such cells for the short term.
The multi-Si cell price in overseas markets also trended downward this week. Hit by the persistent decline in China and the continued decrease in procurement prices asked by Indian module makers, the overseas trading price for multi-Si cell price was down to under USD 0.08/W this week. Moreover, the multi-Si cell price of capacities in Southeast Asia rapidly declined in line with prices in China, having fallen to under USD 0.1/W.
Meanwhile, strong demand for mono products across the supply chain allowed the price for mono PERC cells to climb in China to RMB 0.95/W but retain its previous level in overseas markets.
Through an analysis of the solar projects allocated from recent auctions, China’s multi-Si module price is still on the decrease and has come in at RMB 1.58–1.65/W in the market. The market price for multi-Si modules in China keeps falling and thereby cause slow decreases in overseas multi-Si module prices.
The price for mono PERC modules turned stable in China this week. For overseas markets, however, it sustains decrease amid the pessimistic sentiment that envelops the less-busy-than-expected Q4, with producers undercutting each other by offering lower price quotes for the first half of 2020.
With its overall demand due to remain strong in December, PV glass is somewhat low in supply and thereby achieved a further price increase to RMB 28.5–30/m2.
Information on this website is legally obtained and is based on reliable, accurate, and complete information. But absolute accuracy and completeness is not guaranteed. We assume no responsibility for anyone’s market operation or investment advice. PV InfoLink reserves the right to add, revise, or alter website information anytime, but information will not be guaranteed to be published all the time.
The copyright of trademark, name, website layout, articles, photos, charts, etc. on this website are the properties of PV InfoLink. For the copyright and other proprietary statement contained in the content, users should show the respect and cite sources when sharing the article. If the website has no copyright statement, it does not mean that its contents are not protected. Users should respect the legitimate rights for use based on the principle of integrity.
This website may share articles or put subcontractor’s link on this website for the purpose of facilitating peer exchange and research. The point of view for the shared article is author’s own point of view. This website does not represent in favor or against the author’s point of view. In addition, this website does not have an obligation to review external links and does not guarantee its accuracy and completeness. For the collection of original sources, we will try to cite the author and source as much as possible. If the author or copyright owner has any opinions and do not want this website to refer or share their content, please contact us. The article will be removed immediately.
This website does not provide any express or implied warranties, including but not limited to commercial suitability, fitness for a particular purpose, and non-infringement of the rights of others.
This website is for reference only. Users should determine the immediacy and applicability of such information themselves and have to be responsible for any transaction or investment decisions made.
If users conduct trade transactions with other manufacturers through this website, only the user and the manufacturer have a contractual relationship. This website is not involved in it. If the product or service has any flaws or disputes, users will have to contact the contractor. This website will assume no responsibility for such matters.
PV InfoLink gathers price information from face-to-face/phone interviews and other ways of communication with more than 100 PV companies. We get our average price from the most common transactional data in the market (not weighted average), but prices are slightly adjusted every week according to market conditions. With PV InfoLink’s professional market forecast, we seek the fullness and completeness of the information, but this information is just for reference. We assume no responsibility for anyone’s market operation or investment advice.