The silicon material segment is currently in the order delivery cycle as a whole, and the number of new orders is limited, the overall buying atmosphere has been slow and weakened, and the market’s wait-and-see and wait atmosphere continues to intensify.
In terms of prices, although the prices of major silicon manufacturers are still tentatively quoted at RMB 271-273, a small amount of quotations from traders have slowed and decreased. Although the overall market average price temporarily maintains the execution order price range of around RMB 269, the continued increase in silicon material prices is increasingly lacking, and higher prices lack support. It is expected that the next round of silicon material price signing cycle will be concentrated at the time, and the mainstream price of silicon material may be seen to decline, but there is no need to be too optimistic to expect silicon material prices to drop sharply and drastically in the short term.
The current mentality of buyers and sellers in the silicon material segment is quite different, and the degree of price game is becoming increasingly fierce. Although individual buyer companies have suspended the execution of the current order execution to varying degrees, the severity and impact of the “destruction of the order” still need to be considered again and again. Most seller companies also have expectations for changes in price trends, but the difference in the goals of the two parties makes the price game more fierce.
The prices of monocrystalline silicon wafers of leading companies have temporarily maintained their previous price levels and have not yet seen a significant drop. However, shipments have been affected to varying degrees. It is expected that individual companies have begun to accumulate some monocrystalline silicon wafer inventories.
Starting this week, the prices of monocrystalline silicon wafers from more other manufacturers have begun to decline in different ranges. The more obvious is the price adjustment of M10 silicon wafers. The low price range of individual market quotations has dropped to the level of 6.65 yuan per wafer. Whether shipments can play a positive role, we must continue to observe the inventory digestion progress and consumption capacity of the battery link. After all, there has been a significant slowdown in the demand for silicon wafers by some battery companies, and even the suspension of shipments.
In terms of the “traditional peak season” where terminal demand was concentrated at the end of the previous year, from this year until now, terminal demand has been significantly suppressed by price fluctuations in the industry chain. Under the circumstances of the macro policy environment and various favorable stimuli, the industry generally The terminal has a clearer perception of large-scale inventory demand, but the mismatch of supply and demand in the upstream link and the fierce battle of price games are in full swing.
The market has a strong wait-and-see sentiment this week. Manufacturers are likely to see lower prices at the upstream end in the follow-up period. Therefore, there are only a small amount of purchases this week, of which 166 cells have been purchased due to the decrease in downstream purchases and weaker demand. The average price this week has fallen. To 1.1 yuan per watt, the low price range fell to 1.08-1.09 yuan per watt; the sales volume of 182 cells this week was stable relative to the rest of the size, but the subsequent purchases of downstream component manufacturers decreased, and the trend of price decline at the upstream end showed that the market was more wait-and-see , The price is temporarily stable at RMB 1.15-1.16 per watt; the price of 210 cells is stable at RMB 1.1-1.12 per watt due to the small number of manufacturers.
Due to weak demand for polycrystalline silicon, the price this week was slightly lowered to RMB 3.7-3.9 per piece. Taking into account the difficulty of purchasing upstream polycrystalline silicon wafers, the follow-up price is conservative.
The price of orders delivered this week is temporarily executed in previous orders. The current price of 166 single-glass modules is about RMB 2.03-2.05 per watt, and the average price of 500W+ single-glass modules is approximately RMB 2.04-2.07 per watt. Looking forward to the sluggish demand in November-December, component manufacturers, due to inventory pressure, partly cleared their inventory in mid-November ahead of schedule. Among them, 166 components were delivered in the last order and the output was equivalent to the demand and supply. The subsequent price drop was small, and the price Has fallen in the same range as the price of 500W+ components. However, due to the overall demand for 500W+ modules, the overall demand has not improved. In December, manufacturers have quoted prices in order to sell inventory and compete for order shipments under sluggish demand. Some manufacturers have quoted lower prices, which have fallen below 2 yuan per watt. The price of RMB 1.96 to 1.98 per watt is heard.
Currently, prices in overseas regions are stable. Old orders for 500W+ single-glass modules are settled at the level of US$0.25-0.255 per watt, and new orders for 500W+ single-glass modules are loosely quoted at approximately US$0.28-0.285 per watt. The number of new orders placed in the fourth quarter was not large, and the overseas market atmosphere was relatively wait-and-see, and some distribution prices began to loosen slightly.
Module price As the original single-crystal PERC overseas module average price column takes into account the earlier signed orders and the delivery cycle, there will be a lagging situation when the price changes rapidly. In view of the significant increase in the price difference between this year’s spot price and the long-term contract signed earlier, the new “spot price” column for mono PERC components is added to distinguish it from the past integrated overseas price column for spot and long-term orders. If you want to know the spot price of the component, you can also refer to the “High Price” column.
The quotation of dense materials is mainly used for single crystal materials. Due to the low volume of polycrystalline materials, the relatively unfixed transactions, and the wide price range, the price tracking of polycrystalline materials will be cancelled from June 2021.
Monocrystalline silicon wafers are quoted for 158.75mm, 166mm, 182mm and 210mm with a thickness of 170. The price of wafers is converted according to the formula.
In PVInfoLink’s spot price information, the renminbi prices are all domestic quotations in China, while the prices shown in US dollars are overseas prices in non-Chinese regions, not directly converted from renminbi to US dollars.
On November 16th, the U.S. 201 tax rate was adjusted to 15%, and the double-sided module was exempted from the 201 tax rate. Due to the large change in the tax rate, prices in the United States will be quoted in FOB (excluding tax and shipping) from this week.
PVInfoLink’s spot price mainly refers to the information of more than 100 manufacturers. Mainly take the most frequently traded “mode” data in the market as the average price (not a weighted average), but it is slightly adjusted weekly according to the market atmosphere.
In response to the expiration of Indian tariffs in July, Indian prices have been adjusted to FOB quotations excluding tariffs from August. And the price quotation of M6 monocrystalline module is newly added.
Because the demand for polycrystalline modules in the European market is mostly carbon footprint projects, and the price range is relatively wide, the European polycrystalline module price quotations will be cancelled from August.