range of
silicon materials and dense block materials has dropped to 60-65 yuan per kilogram, and the week-on-week ratio has decreased. 5
. The overall supply capacity of silicon materials has been steadily improved, and the demand for silicon materials and the scale of signing orders have recovered. During the bottom period of the price, the concerns and interference factors of buyers have improved. The negotiation and signing atmosphere of just-needed orders is obviously better than that of the previous period. Moreover, there are obvious differences in strategies among different enterprises, and the attitudes towards "bottom-hunting" and "hoarding" show great differentiation. Faced with more uncertain environment and potential threats of high temperature in summer in the third quarter, some buyers have made more positive responses and purchasing actions. The sales of dense materials, re-feeding materials and other relatively better quality categories of
individual leading enterprises have improved significantly in the near future, and the inventory pressure is expected to be significantly reduced, but the industry as a whole still has 60,000-70,000 tons of spot inventory, but the inventory distribution has been adjusted in stages. In addition, for the increasing demand and increment of N-type products downstream, the current spot supply capacity of silicon materials still has great potential changes.
By the end of the month, the price of silicon wafers still showed a decline compared with last week. However, observing the decline and market atmosphere, the trend of price decline slowed down significantly, and the space for price decline continued to narrow. With the price down to the bottom of the consolidation, the recent continuous measures to copy the bottom of silicon wafers, silicon wafer inventory has also been partially transferred to traders and battery factories.
This week, the transaction price of M10 and G12 size silicon wafers declined slightly, and M10 size silicon wafers remained last week, falling to 2 per wafer. At the same time, M10 maintained a better cost performance in the price of single watt.
Looking forward to the future, if 1. Silicon wafer manufacturers are supported by the higher production level 2. However, when the price gradually oppresses the production cost line of manufacturers, some manufacturers will be forced to reduce the production level. In July, we will continue to see the change of price and inventory level guided by the allocation of production rate.
At present, the demand for purchasing cells is still strong, and manufacturers maintain an ideal inventory level of about 2-3 days at the end of the month. While having a low sales pressure, cell manufacturers continue to copy the bottom of silicon wafers, and the current profit level remains full.
This week, cell prices continued to decline, with the mainstream transaction prices of M10 and G12 sizes falling at about 0.7 yuan per watt and 0.73 yuan per watt respectively, while the low transaction price of M10 size was still 0.68-0 per watt
. This week, the price of TOPCon (M10) cells also fell in response to the price of silicon wafers, with the transaction price generally falling at 0 per watt. Observe that the price difference between N-type cells and P-type cells is maintained at about 8 cents per watt. HJT (G12) battery takeout manufacturers are scarce, and the price also follows the mainstream battery price loosening and falling, ranging from 1 yuan per watt.
Looking forward to the future, as the battery sector is in a state of full production and full sales, the price of silicon wafers has gradually stabilized and slowed down, and some manufacturers have even raised the target price for the pricing strategy in July. It is expected that the price of batteries will remain stable next week, and whether the subsequent price can be maintained depends on the game results of component manufacturers. The price execution range of
component prices
continued to expand this week, and the situation of inventory clearance continued. This week, the price of single glass components is 1.28-1.58 yuan per watt, of which InfoLink deducts the low price of dumping goods, and the low point range of new orders signed by manufacturers and inventory consumption in the latter part has begun to provide less than 1.
Looking forward to July, some new orders signed in July are delayed, and we still need to see whether the overall supply chain price can be maintained. The component production schedule in July is uncertain at present. New orders still have a slight downward trend, and the price drop is gradually narrowing, which is no longer the mode of substantial price adjustment in June. Component manufacturers hope to stabilize the price and transmit the pressure upward to the cell sector. However, the amount of cells available for sale is limited, and there is less room for subsequent price drop. In addition, the price of some auxiliary materials will increase slightly due to the fluctuation of raw material prices, which will increase the manufacturing cost of components. In July, the price of PERC single glass components newly signed by first-line manufacturers was about 1.35-1.38 yuan per watt, and some second-and third-line quotations were about 1. The price of TOPCon was about 1.4-1.5 yuan, and that of HJT was about 1.65-1.
The price of overseas components declined slightly this week. China's export execution price is about 0.17-0.2 US dollars per watt (FOB), and the spot price in Europe is still falling to 0.2-0 per watt recently due to inventory factors. The price in the Asia-Pacific region has also begun to appear 0.17-0. The price in the US market is stable this quarter, but the follow-up fear is due to the impact of second-and third-tier manufacturing and distribution prices, and the low price has begun to decline. Wait and see the price fluctuation in the third quarter. The price of regional manufacturing components is stable for the time being, but it is also expected to adjust as the supply chain falls. The average price of N-HJT
modules (G12) fell slightly to below 1.7 yuan per watt this week. The recent execution price is about 1.65-1 per watt. The overseas price is about 0.21-0 per watt.
The price range of TOPCon module (M10) this week is about 1.4-1.6 yuan per watt, and the premium between overseas price and PERC is about 0.5-1 cents. The price is about 0.195-0 per watt.
The price
range announced by InfoLink is mainly the price range of the contract being executed and newly signed from Thursday of the previous week to Wednesday of this week. Since May
2023, the published price efficiency of cells has been adjusted to 23.
Due to the gradual decline of the market circulation rate M6, the quotation of M6 products has been completely cancelled since January 4, 2023, including silicon wafers, cells and components. From January 4,
2023, the cell efficiency will be unified as 23.
From December 2022, the price of RMB N-type modules will be added. However, there are still few samples in circulation, and the public price can only be used as the reference price of the week, and the samples will be adjusted and added at any time in the future. Next year, it is estimated to add the US dollar quotation. Since December
2022, the thickness of silicon wafers has been unified at 150 μm. Since November 9,
2022, the thickness of 210 mm monocrystalline silicon wafer has been reduced from 155 μm to 150 μm. From October
2022, the quotation of polycrystalline modules in India will be cancelled and the quotation of monocrystalline modules will be adjusted to those produced locally in India. From September
2022, the efficiency of M6/M10/G12 cells will be adjusted to 22.
From August 3, 2022, the thickness of silicon wafers will be reduced from 160 μm to 155 μm, and the price will be adjusted accordingly. Since July
2022, the spot prices of polycrystalline silicon wafers and polycrystalline solar cells have been cancelled. The spot price of
components will be adjusted to distinguish the details, and in addition to retaining the original weighted average price, the domestic distributed and centralized spot prices will be added from July 2022. Since July
2022, the price of components in the United States, Europe and Australia has been changed to 182/210 specifications. From March 16,
2022, the average price of domestic components is mainly based on the ex-factory price of the week (excluding inland transportation costs), and the main statistics are based on the weighted average calculation of distributed, centralized and bid-opening projects, while the low price will mainly reflect the prices of second-line manufacturers or some early projects. Since March
2022, the price of 182/210mm double-sided double-glass components has been added without zoning.
InfoLink's spot prices are based on information from more than 100 vendors. It mainly takes the "mode" data of the most frequently traded transactions in the market as the average price (not the weighted average), but slightly fine-tuned weekly according to the market atmosphere.
In InfoLink spot price information, the RMB price is the domestic demand quotation in China, while the US dollar price is the overseas price in non-Chinese regions, not the direct conversion of RMB into US dollars. The "high point" column
of M10 cells is dominated by the price of Southeast Asian cells.
Component wattage 166 Component wattage is 365-375/440-450 W. The 182 module wattage is 535 W to 545 W and the 210 module wattage is 540 W to 550 W. Since November 16,
2021, the tax rate of 201 in the United States has been adjusted to 15%, and the tax rate of 201 for double-sided components has been exempted. Due to the great change in the tax rate, the price in the United States has been changed to FOB quotation (excluding tax and freight). The
price in India is FOB quotation without tariff.