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| Author | InfoLink |
| Updated | April 11, 2019 |
Poly Price
Little transaction has been made in overseas, leading to slightly lower polysilicon prices this week. Prices of polysilicon for mono- and multi-Si wafers each dropped to USD 8.9/kg and USD 7.8/kg. Next week, polysilicon for multi-Si wafers may continue witnessing a slight decline in price quotes.
Although polysilicon for multi-Si wafers is priced below RMB 60/kg in China, buyers continued negotiating a lower price and therefore prices may drop further next week. Meanwhile, prices of polysilicon for mono-Si wafers remained flat at RMB 74/kg for top-tier makers. Some polysilicon makers are planning to conduct maintenance ahead of time, which will help to stabilize prices in May.
Wafer Price
The Chinese multi-Si wafer market saw large variation in prices this week. A stable polysilicon price was originally expected, but following a slight fall in polysilicon prices this week, multi-Si wafer prices continued to drop 2.6% to RMB 1.9/piece and lower than RMB 1.85/piece for many second-tier makers. Prices will keep falling next week, reaching around RMB 1.8/piece for second-tier makers. As for overseas, multi-Si wafer is priced at USD 0.26-0.265/piece.
Mono-Si wafer prices stayed flat in both China and overseas this week.
Cell Price
Since most cell orders have been confirmed by last week, cell makers have witnessed healthy inventory level. Not many transactions have been made this week, allowing prices to remain stable at RMB 1.19-1.21/W for mono-Si PERC cell and RMB 0.84-0.86/W for multi-Si cells.
With high order visibility in May, demand for mono-Si PERC cells remained strong during low season. Multi-Si cell prices will keep falling owing to unannounced policy in China and weakened Indian demand in May.
As for overseas, the PERC cell market has started to witness loose prices in Taiwan due to weakened demand. Meanwhile, lower module prices in India have led to an average market price of below USD 0.12/W for multi-Si cells in Southeast Asia.
Module Price
The module market saw limited changes in prices. Although Indian demand remained stable in April thanks to remaining projects, weaker demand in May has resulted in lower spot prices for Indian modules.
Cell and module makers will start to adjust production lines during low season from May to June in order to improve module output and match the increasing need for wafers of 158.75mm (G1) size. More and more manufacturers are likely to switch production lines to fit G1 wafers in Q3, leading to much higher shipment in Q4.
PV Glass Price
The solar glass market saw chaotic pricing last week due to VAT cut and weak overall demand in April. Market price touched RMB 26.2-26.5 per square meter. It’s also the first time for prices to be lowered after prices started to rebound from a lowest point of RMB 20-21 per square meter last year.
Because demand didn’t decline significantly in April, prices are expected to remain at the current level until new price quote is confirmed in the end of the month.