Spot Price

Home Spot Price

Utilization rates going down across the polysilicon supply chain to reduce inventories ahead of Chinese New Year

Poly Price

This week, the average polysilicon prices hovered at RMB 73/kg for mono-Si wafer and RMB 53/kg for multi-Si wafer, with high-and low-priced segments hit by a small decrease of RMB 1/kg. Over 90% of operating multi-Si wafer producers have begun to purchase polysilicon mixed with lower-grade ones, in order to reduce their polysilicon procurement expenses to under RMB 45/kg, thus aligning the cost of multi-Si wafer production with the market price. As producers of mono-Si and multi-Si wafers have signed polysilicon deals for January, polysilicon prices for mono-Si and multi-Si wafers would hold up until after the Chinese New Year holiday.

Regarding the polysilicon supply, there were thirteen Chinese producers operating in December last year, and one producer dedicated to churning out polysilicon for multi-Si wafers is going to maintain equipment early this month. Regarding the overall supply/demand equilibrium for polysilicon in Q1, polysilicon for mono-Si wafers would essentially remain stable in supply. The price for the mainstream polysilicon for multi-Si wafers is likely to decline, due to the double whammy of weak demand in Q1 and most multi-Si wafer makers prioritizing mid-efficiency products and showing low willingness to purchase only mainstream polysilicon for multi-Si wafers. 

This week’s overseas polysilicon prices were consistent with their previous levels, thanks to stable exchange rates—averaging USD 8.4/kg for mono-Si wafers and USD 6.7/kg for multi-Si wafers.

Wafer Price

Multi-Si wafer prices in China showed no marked change this week as Tier-1 makers were filling old orders. However, low-priced multi-Si wafers, most of which were traded at the market price for Tier-2 makers, sustained more noticeable price drops—to RMB 1.49–1.58/piece. Meanwhile, with top-tier makers of multi-Si wafers in the midst of signing deals for January, multi-Si wafer prices would become relatively certain next week. Overseas multi-Si wafer prices, hit by low end-market multi demand in China, sustained decreases on the whole; the market price for such wafers was down to USD 0.205–21/piece. While the polysilicon price for multi-Si wafer seems likely to stabilize before the Chinese New Year holiday, its price decline continues to haunt the wafer segment. 

As the list prices for mono-Si wafers announced by Tier-1 makers for January are identical to those for the previous month and the supply of mono-Si wafers is running low in the spot market, some Tier-2 mono-Si wafer makers began to raise their list prices this week. So, mono-Si wafers in the low-priced segment have come in at RMB 2.98/piece and those with a spot price of under RMB 3/piece are getting low in numbers; both trends point to the consistently high demand for mono-Si wafers during Q4 2019. As mono-Si wafer prices continue to hold up, prices for cast mono wafers remain unchanged, staying at a market price of RMB 2.65–2.7/piece in China and USD 0.35–0.355 overseas. Cast mono wafers are supplied by only one producer, as usual.

Cell Price

Prices for mono PERC cells made of M2 wafers were stable this week; they stood at RMB 0.95/W. Price quotes for mono PERC cells made of G1 wafers have begun to fluctuate, because they are growing in supply following a shift in production lines from those made of M2 wafers. Consequently, Tier-1 makers mostly stick with RMB 0.97–0.98, whereas Tier-2 makers offer slightly lower quotes at RMB 0.95–0.96/W. 

Multi-Si cells, hit by persistently low demand at the end of 2019, were sold at a hodgepodge of bargain prices. Although the cells kept a market price of RMB 2.7–2.75/W, those supplied by producers with bulged inventories were sold at deficit prices.

Just as module makers lowered their utilization rates a bit to reduce inventories and labor use in response to a production lull during the Chinese New Year holiday, so cell makers take similar actions. Multi-Si cell makers seem likely to stay closed for a much longer time to prevent their stocks from growing. Supply of larger mono-Si cells slightly exceeds demand; some producers are going to suspend operation for a while during the holiday.

Module Price

An installation rush in China before the end of 2019 led to a widespread market expectation that over 8 GW of projects would be commissioned in December 2019. Demand for modules remains strong early in January; however, module makers have started to offer low-priced, high-efficiency products since the beginning of this year. PV InfoLink’s customs data show that although only a small number of modules with half-cut + MBB cell design were shipped in early 2019, by the year’s end over 500 MW of such modules and around 1.5 GW of modules assembled with half-cut cells were exported every month. As demand for higher module power output continues to grow, the production volume of modules with half-cut and MBB cell design could increase on a quarterly basis this year.

Bid prices for Chinese modules to be delivered during the first half of 2020 are trending downward—as manufacturers are offering lower quotes on multi-Si modules due to price slumps in up-and downstream sectors—and have gone down to RMB 1.5/W or even lower levels. The multi supply chain may not regain its bearings until the Indian market rebound. 

Previous Go Back Next

欢迎您光临PV InfoLink网站(http://www.pvinfolink.com,以下简称“本网站”),请您详阅下方的本网站的使用条款、以保障双方权益,若使用本网站则表明您已知悉并完全接受这些条款。

§ 1 免责声明

本网站合法获取信息,并尽可能以可靠、准确、完整的信息为基础,但不保证本网站信息的绝对准确性和绝对完整性,亦不对任何人的市场操作、投资建议负任何责任。PV InfoLink保留随时补充、修订或更改有关信息的权利,但并不保证随时发布。

 § 2 版权声明

本网站中的商标、名称、版面设计、自有文章、图片、图表等内容之版权归PV InfoLink所有。对于内容中所含的版权和其他所有权声明,使用者应予以尊重并在其转载、副本中予以保留。如果网站内容无权利声明,并不代表本网站对其不享有权利,也不意味着本网站不主张权利,使用者应根据诚信原则尊重该内容的合法权益并进行合法使用。

§ 3 转载及链接

本网站出于促进业界同仁思想交流和研究探讨之目的,可能包含转载文章或连接到第三方网页上的链接。转载文章所阐述的观点只代表该作者自身观点,本网站转载并不代表赞成或反对其观点。另外,本网站对外部链接并不负审查义务,不担保其准确性及完整性。在收集原始素材时,PV InfoLink尽可能注明文章的作者和来源,如文章作者或版权所有者对此存有异议,并不希望本网站引用、转载,请联系我们,本网站将立即予以删除。

§ 4 拒绝提供担保

本网站不提供任何明示或暗示的担保,包含但不限于商业适售性、特定目的之适用性及未侵害他人权利。

本网站之目的为提供使用者参考使用,使用者须自行判断该等资料之即时性及适用性。若有任何交易或投资决定,皆由使用者自行承担相关责任。

若使用者透过本网站与其他厂商进行商品或服务之买卖、或各种交易行为,此时仅使用者与厂商间有契约关系存在,本网站并不介入或参与。如该商品或服务有任何瑕疵或纠纷时,请使用者与其契约方径行联络解决,本网站对此不负任何担保责任

本使用条款之订立、修改、更新及最终解释权均属PV InfoLink所有。若您对于本使用条款或本网站有任何问题或建议,欢迎来信service@pvinfolink.com

Welcome to PV InfoLink website (http://www.pvinfolink.com, hereinafter referred to as “this website”). Please read this terms of use agreement carefully to protect the interests of both parties. By accessing this website, you know and fully agree with these terms.

§1 Disclaimer

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. 

§2 Copyright statement

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.

§3 Share and link

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. 

§4 Refuse to provide warranty

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.

The making, modification, renewal, and final interpretation of this Terms of Use are the properties of PV InfoLink. If you have any questions or suggestions regarding this Terms of Use or this website, please contact us at service@pvinfolink.com.

研究方法及免责声明

PV InfoLink的现货价格主要来自平时与业界的面谈、
电话访问或通讯软体等沟通渠道讨论所取得,参考超过100家厂商之信息。
主要取市场上最常成交的众数数据作为均价(并非加权平均值)、
但每周根据市场分为略有微调,且加上PV InfoLink专业分析群的市场预测。
我们力求信息的全面性与完整性,惟此信息仅供参考使用,
我们不对任何人的市场操作、投资建议负任何责任。

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.