Most of the silicon materials are still delivering pre-orders this week. For the orders of the new month, most of them still discuss the delivery date and delivery volume. Even if some buyers expect to lock the price first, the overall silicon materials are still in short supply. No specific quotation was released, and the subsequent transaction price will not become clear in the next two weeks. At present, most of the scattered orders in the market fall at RMB 120-127 per kilogram, and the overseas transaction price has also risen to US$15-16 per kilogram due to short supply.
With silicon wafer factories continuing to maintain a high operating rate, the purchase of silicon materials continues to be hot, and there are still major silicon materials plants undergoing maintenance in April, so the market generally expects silicon materials to continue to rise slightly.
The reduction in cell production is still not obvious, so monocrystalline silicon wafers are almost out of stock and buying momentum is still strong. Currently, the market is waiting for the leading manufacturer Longji to release a new round of quotations, so prices have not fluctuated this week. In the case of solar cells already in a defense war between profit and loss, the expected growth of silicon wafers has been limited.
In terms of polycrystalline, as polycrystalline materials rose sharply with single-crystalline materials, and India’s buying gas recovered, the price of polycrystalline silicon wafers began to reflect the substantial increase in the cost of silicon materials, and the quotation range of manufacturers widened to 1.5- per wafer. Between 1.7 yuan, but this week is still in the negotiation period, most of them will actually land in the next week.
Solar Cell price
This week, the overall price of monocrystalline cells remained stable at the level of last week. The purchase volume of downstream components did not increase significantly this week. Except for a small number of manufacturers expecting that silicon wafers will still increase in price and are the first to buy cells, the purchases of other manufacturers are still maintaining the previous tone.
If subsequent silicon wafers continue to rise, cell manufacturers will respond to production cuts and tentative price increases. However, the overall cell operating rate will be reduced slowly, and cell output may still exceed the amount required by the components, which is supported by the rise. The strength is small, and the short-term price is conservative and stable. It also depends on the upstream silicon wafer price increase.
This week, the G1 transaction price range was 0.9-0.97 yuan per watt, and the average price remained stable at 0.9-0.92 yuan per watt. Since the beginning of this week, it has been observed that the pulling force of G1 cells has slowed down, and G1 demand began to shrink in April.
Some component manufacturers have begun to purchase M6 cells in large quantities to ease the inventory pressure of cell manufacturers. The price remained stable this week, with the average price falling at RMB 0.85 per watt.
Large-size cells are still implemented in the OEM and dual distribution mode, and the overall direct purchase price fluctuates slowly. This week, the M10 price trading range remained stable at RMB 0.88-0.9 per watt, and the average price of G12 was approximately RMB 0.89-0.91 per watt.
The price of polycrystalline cells has risen sharply this week to RMB 2.8-3.1 per cell. The main reason for the price increase is the increase in polysilicon wafers and the continuous reduction in the supply of solar cells. In addition, India, the main demand country for polycrystalline, will impose high tax rates in April next year, which will also drive demand for sourcing this year.
Solar Panel price
In March-April, the terminal demand was not as expected, which led to the increase in inventory after the lunar new year. In addition, the growth of silicon materials and wafers has not stopped. Therefore, the module factories continued to reduce production in response to the upstream increase. Maintain the operating rate of 70% or less, and may not return to full production even in May.
In order to maintain orders not to fall to a loss-making level, solar panel factories continue to raise prices. From the recent bid opening prices, it is obvious that the transaction price is still rising. At present, the price of M6 single-sided modules is mostly RMB 1.65-1.7 per watt, while the price of large-size modules is mostly around RMB 1.7.
Not only the spot price has risen, but the quotations for Q2/Q3 delivery have also been maintained at a relatively high level. Follow-up will continue to observe whether the return on investment of terminal projects this year is greatly affected by the increase in module prices and whether it impacts the demand for modules throughout the year.