Prices of monocrystalline silicon wafers fell sharply (2023.9.28)

Prices of silicon wafers fell sharply

this week. The average transaction price of M10 monocrystalline silicon wafers (182 mm/150 μm) dropped to 3.09 yuan/piece, with a week-on-week decrease of 8.04%; the average transaction price of N-type monocrystalline silicon wafers (182 mm/130 μm) dropped to 3.19 yuan/piece, with a week-on-week decrease of 7.54%; The average transaction price of G12 monocrystalline silicon wafers (210 mm/150 μm) dropped to 4.07 yuan per piece, with a week-on-week decline of 2.86%. The main reason for the early adjustment of silicon wafer prices this week is the behavior of dumping goods and clearing inventory in the early days of National Day. On

the supply side, this week is the week before the National Day, each company still maintains full-load production, and the silicon wafer sector is generally in the accumulation stage. Specifically, the production of silicon wafers increased by 3% in September, mainly from Inner Mongolia, Sichuan and other places; From the perspective of sub-enterprises, it mainly comes from the release of production capacity of Ordos Longji, Leshan Jingyuntong and other enterprises. In addition, the release of two projects in Baotou, Inner Mongolia has been delayed, and the subsequent increment will be reflected at the end of the fourth quarter. By the end of 2023, the output of silicon wafers is expected to reach 600GW, an increase of about 78.6% annually. On the

demand side, batteries continued to decline slightly, while components maintained a trend of differentiation. On the battery side, the transaction price of M10 monocrystalline PERC batteries dropped to 0.65-0.66 yuan/W, a decrease of 2.99% compared with the previous month. At present, there are great differences between different technical paths in the battery sector, and high-efficiency batteries gradually squeeze the market share of low-efficiency batteries. At the module end, the M10 single-sided single crystal PERC module is maintained at 1.11-1.2 yuan/W. The main reason for the large price difference of component orders is that the strategic choices among enterprises are different, and the perspectives of measuring the annual shipments are different, which makes the market have the phenomenon of low-price sales.

This week, the operating rate of the two first-line enterprises remained at 90% and 95%. The operating rate of integrated enterprises is maintained between 90% and 100%, while that of other enterprises is maintained between 95% and 100%. According to the statistics of Silicon Branch, the output of domestic silicon wafers in September increased to 60.94 GW, with a month-on-month increase of 3%, of which the output of monocrystalline silicon wafers increased to 60.74 GW, with a month-on-month increase of 3.02%; the output of polycrystalline silicon wafers remained at 0.2G W, with a month-on-month flat.

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