Trade War

Home News & Analysis Trade War

Section 201 drives up global supply chain prices, price gap begins to emerge between China and overseas

Ever since SolarWorld Europe filed for bankruptcy, there has been a vacancy for some high-efficiency modules in the US and European markets. Starting from May, inquiries for non-Chinese high-efficiency modules have increased significantly. Later, affected by the “Section 201”, the US market has started to see stronger demand and higher module prices.

Such strong demand not just let overseas manufacturers to not have to worry about their order statuses for Q3, it also allowed China and Taiwan to keep witnessing strong demand even after June 30th. The market will have three main focuses in Q3:

(1) Strong US demand in Q3 caused by the possible MIP execution of “Section 201” in late-2017

Aside from the US, European, and Korean manufacturers that have put a lot of efforts in the US market, capacities from Southeast Asia are mostly shipping to the US too after Q3, leading to high prices. Taiwan manufacturers may also enter the battlefield as the 2014 anti-dumping and countervailing duties will be lowered in late-August.

(2) The European market that is about to enter peak-selling season

After SolarWorld Europe filed for insolvency, local manufacturers have been the first to be benefited from it. Yet, since Europe has been the region with higher prices in the world, prices didn’t fluctuate significantly despite the tight capacities.

(3) Other markets

Although Chinese demand has support from the “Top Runner Program” and distributed generation (DG) projects in Q3, demand for utility-scale power plants will continually end in July, resulting in substantial decline of local demand. Fortunately, the emerging markets like the Middle East and South America have witnessed increasing demand this year, and thus the capacity utilization rates shouldn’t be too low for top-tier Chinese manufacturers.

To conclude all of the above, the “Section 201” sets off a very different situation compare to last year. For the overseas capacities, manufacturers originally anticipated that Q3 would be the quarter with the weakest demand this year but turned out to be the best selling season. A price gap starts to show between Chinese and overseas products:


The average trading price of polysilicon has stayed flat in China, reaching RMB 120-122/kg for top-tier manufacturers and RMB 118-119/kg for small-scale manufacturers. But spot prices have begun to show signs of declining. Meanwhile, overseas polysilicon prices have slightly increased as overseas wafer prices went up.


The price trend for Chinese multi-Si wafers won’t be confirmed until leading manufacturers come up with the price quote. Yet, since Chinese cell prices have already peaked, it may be difficult for multi-Si wafer prices to rise further. On the other hand, due to the low utilization rates in Taiwan, the Taiwanese market faced the most intense moment for multi-Si wafers this year, with the spot price rising to US$ 0.64/piece. It’s expected that the tight supply will continue and thus prices will increase further.

Leading mono-Si wafer makers’ compromises on the prices have been revealed in mid-June. The price of 180um mono-Si wafers was lowered RMB 0.2 to RMB 5.85/piece, while that of 190um was lowered RMB 0.15 to RMB 6/piece. Under such significant decline in wafer prices, the mono-Si cell market with more stable price trend will earn more profits. (The market still mainly focuses on 190um wafers. If converting into the US dollars, 180um was lowered US$ 0.026 to US$ 0.76/piece and 190um was lowered US$ 0.02 to US$ 0.78/piece.

The larger decline of 180um also shows mono-Si wafer makers’ determinations to promote thin silicon wafers.


Because certain power plants have postponed the construction to July, the multi-Si cell market will temporarily not suffer from price decline in China, reaching RMB 1.8/W in late-June. But the situation is entirely different in Taiwan. Affected by the “Section 201”, the overseas capacities that are tax-free all went to the US market. The demand vacancy in the European market will be fulfilled by Taiwanese makers. Therefore, the average trading price of Taiwanese cells has increased to US$ 0.23/W and may rise further.


For modules, in order to rush the production for the installation boom before June 30th, the average trading price of Chinese modules has reached RMB 2.9-3.1/W for multi-Si and more than RMB 3.2/W for mono-Si. The biggest change is the non-US market. In order to avoid the risks brought by the “Section 201”, the US has started to purchase modules and get the projects started ahead of time, leading to short supply and full order status for the overseas module makers in 3Q. Not just the price of conventional modules has increased from US$ 0.34-0.35/W originally to US$ 0.37-0.38/W, the mono-Si PERC module market also witnesses supply shortage.

Anyhow, it doesn’t matter what the final decision for the “Section 201” is, what can be seen is that the supply chain prices in Q3 this year will be better than expected. Prices in the US market will rise further in the short run due to the short supply of modules

Previous Go Back Next

欢迎您光临PV InfoLink网站(,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

Welcome to PV InfoLink website (, 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


PV InfoLink的现货价格主要来自平时与业界的面谈、
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。

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.