| Category | |
|---|---|
| Author | InfoLink |
| Updated | February 15, 2023 |
Polysilicon
Market sentiment changes in upstream sectors. Leading polysilicon manufacturers become less reluctant to sell, adjusting their attitude toward price quotes and negotiations. Volumes of bulk orders increase.
This week, the high-price range narrows, average prices sustain, and the low-price range slip. Major manufacturers are more willing to sell in hopes to deplete inventories faster. Previously high price quotes are declining this week, coming in closer to RMB 200-230/kg. As negotiations reach a short-term consensus, polysilicon prices can hardly advance further from the current level.
Wafer
Wafer price trend is steady this week. On the spot market, wafer supply increases along with rising utilization rates and actual production volume of the ingot segment. Both buyers and sellers appear active this week. Still, in fear of price declines, buyers chime in to control delivery schedules to avoid unnecessary stocks.
Wafer price trend will remain stable in recent terms but is still subject to slow declines in cell prices and gradually increasing wafer supply.
Cell
Module makers are increasingly cautious this week. Despite ongoing negotiations between polysilicon and wafer sectors, cell prices lose ground as inventory level rises.
This week, cell trading prices drop, returning to RMB 1.12-1.14/W for both M10 and G12 cells. Many traders are clearing cell stocks purportedly, offering RMB 1.1/W or even lower price quotes.
Cell prices may extend declines as polysilicon prices stabilize after intensive negotiations in the upstream.
Module
This week, some module makers raise price quotes back to RMB 1.9/W. Overall, price quotes range between RMB 1.8/W and RMB 1.9/W.
Module makers start delivering new orders this week. Meantime, order signing activities recover. Delivering prices come in at RMB 1.65-1.85/W. Compared with last week’s level, average prices rise marginally to RMB 1.75-1.77/W, while the high-price range remains at RMB 1.82-1.86/W.
Module makers have not taken many new orders this month, with bulk orders yet to be sealed. Demand in China may pick up during March and April. This week, module makers are mostly delivering previous orders. Some developers announce that they will not sign new orders until later. End users, with limited acceptance for higher prices, settle into their chairs and wait for negotiations to work out, putting off the recovery of Chinese demand again to March and April. After polysilicon prices step down, module prices may slip to RMB 1.65-1.75/W accordingly. Competition among module makers heats up, with some of them offering price quotes RMB 0.05/W lower than the average.
In overseas markets, module prices sustain at USD 0.2-0.23/W (FOB) for ground-mounted projects. Module makers hope to seal future orders at USD 0.22-0.23/W. However, deliveries are few as overseas demand has yet to pick up completely. Europe slows down deliveries due to previously piled-up inventory. Prices recently sit at USD 0.23-0.26/W in Australia and sustain at USD 0.2-0.22/W in the Middle East and Africa this week.
N-type cell and module
Given deeper n-type wafer shortage and silver paste price hikes, manufacturers, previously selling p-type and n-type cells at the same price, adjust pricings to deal with higher production costs.
Prices stabilize as manufacturers deliver few new orders in recent terms. M10 TOPCon cells are priced at RMB 1.19-1.2/W, and G12 HJT cells at RMB 1.3-1.6/W. For the latter, there isn’t a new price range due to low order volume this week.
G12 HJT module prices sustain at RMB 2-2.1/W and USD 0.265-0.28/W. For M10 TOPCon modules, prices come in at RMB 1.8-1.9/W and USD 0.235-0.24/W.