The decline is approaching 8%! Prices are falling in panic, and the price of silicon wafers is announced this week.

this week, falling by nearly 8%. Among them, the price of P-type M10 silicon wafers has fallen below 2 yuan/piece; the price of N-type silicon wafers has been supported, but the decline is also close to 5%. Prices fell irrationally

this week, P-type M10 silicon wafer stocks suffered a concentrated sell-off , and N-type silicon wafers were relatively supported. The average transaction price of M10 monocrystalline silicon wafers (182 mm/150 μm) dropped to 1.92 yuan/piece, with a week-on-week decrease of 7.69%; the average transaction price of N-type monocrystalline silicon wafers (182 mm/130 μm) dropped to 2.18 yuan/piece, with a week-on-week decrease of 4.39%; The average transaction price of G12 monocrystalline silicon wafers (210 mm/150 μm) dropped to 3.02 yuan per piece, with a week-on-week decrease of 7.36%. On

the supply side, P-type M10 monocrystalline silicon wafers will gradually become customized products, and large-size and N-type silicon wafers will have a bright future. At present, the battery conversion efficiency requirements are increasingly sophisticated, and the traditional P-type M10 monocrystalline silicon wafers are difficult to meet the market requirements. Each company has developed technical routes including N-type, rectangular, G12, G12 + to meet the market demand, and the crystalline silicon market has transformed from homogenization to differentiated competition. This week, most companies choose to rush out of inventory, on the one hand, due to the downward cost of raw materials, silicon wafer channel downward conduction release, the current P-type M10 silicon wafer is difficult to cover cash costs, will gradually turn to customized products. On the other hand, near the end of 23 years and the first quarter of 24 years with relatively pessimistic expectations, most enterprises began to concentrate on selling inventory to the market. On the

demand side, batteries were stable in stages, component prices fell and volumes rose, and domestic installed capacity reached a new high. On the battery side, the transaction price of P-type M10 single crystal PERC battery is 0.35-0.38 yuan/W, the transaction price of N-type Topcon battery is 0.45-0.48 yuan/W, and the price difference of N/P is basically maintained at 0.1 yuan/W . At present, the low-efficiency PERC battery basically loses cash cost . Enterprises with relatively good cost control of N-type batteries have a slight gross profit . On the component side, the average transaction price of 182mm single-crystal single-sided PERC components dropped to 0.8-0.9 yuan/W. Although the price of components has been declining, the shipment volume has reached a new high.

This week, the operating rate of two first-line enterprises dropped to 80% and 85% . The operating rate of integrated enterprises is maintained between 85% and 100%, while that of other enterprises is maintained between 80% and 100%. According to the statistics of the National Energy Administration, in November 2023, the newly installed photovoltaic capacity in China was 21.32G W, up 56.5% from the previous month, and the domestic installed capacity reached a new high this year. Domestic installed capacity is expected to reach 180GW in the whole year, doubling from last year, so even if the price of silicon wafers falls irrationally in the short term, demand is relatively supported in the long run.