Below 10%! Prices of silicon wafers have fallen sharply.

On October 12, the Silicon Branch released the latest silicon wafer price. The lowest price of M10 was 2.78 yuan/piece. The price of all types of silicon wafers dropped by more than 9%, and the largest drop was more than 10%. The main reason was oversupply. Prices of silicon wafers fell sharply

this week. The average transaction price of M10 monocrystalline silicon wafers (182 mm/150 μm) dropped to 2.78 yuan/piece, with a week-on-week decrease of 10.03%; the average transaction price of N-type monocrystalline silicon wafers (182 mm/130 μm) dropped to 2.88 yuan/piece, with a week-on-week decrease of 9.72%; The average transaction price of G12 monocrystalline silicon wafers (210 mm/150 μm) dropped to 3.7 yuan per piece, with a week-on-week decline of 9.09%. The main reason for the sharp drop in the price of silicon wafers this week is the oversupply. At present, there is no significant adjustment in the price of raw materials, and the price sentiment is high. On

the supply side, this week is the first week after the National Day holiday, and specialized enterprises have significantly reduced their production load, mainly due to the active adjustment made by silicon wafer enterprises in response to the reduction of downstream demand. Specifically, this week, except for a first-line enterprise and an integrated enterprise, the rest of the enterprises generally reduced the start-up rate by 20% -40%, of which two specialized enterprises reduced the start-up load by 30% and 40% respectively. In addition, the Ordos, Leshan and Baotou projects are still operating normally, and part of the output increment will be reflected in this month. Overall, according to the current production plan, the production of silicon wafers in October is expected to be between 53-54 GW, a decrease of about 12% compared with the previous month. On the

demand side, the price of batteries has not been reduced, and the demand for components needs to be improved. On the battery side, the transaction price of M10 single crystal PERC battery dropped to 0.58 yuan/W, down 10.77% from the previous month. This week, except for the commissioning of a small number of N-type production lines, the battery sector did not significantly reduce the production load, but from the battery purchasing side, the enthusiasm of stocking and taking goods has declined. At the module end, the M10 single-sided single crystal PERC module is maintained at 1.11-1.2 yuan/W. Domestic installed capacity peaked and retreated in August, and overseas component exports are expected to rebound.

This week, the operating rate of the two first-line enterprises was adjusted to 90% and 80%. The operating rate of integrated enterprises is maintained between 90% and 100%, while that of other enterprises is reduced to between 50% and 80%. According to statistics, the export volume of modules in August was 17.3 GW, an increase of 19.31% over the previous month. In parts of Europe, demand is expected to recover from the end of the holiday. According to the expected installation at home and abroad and the signing of component orders, it is expected that the export volume of components will rebound in September-October 2023.