of
Silicon Materials Last week, the price of P-type monocrystalline dense materials dropped by 1.64% on a month-on-month basis, reaching 30,000 yuan/ton, down 14.29% on a year-on-year basis, and the average price continued to move down; the price of N-type silicon materials was 33,500 yuan/ton, down 6.94% on a month-on-month basis, down 14.1% on a year-on-year basis; The price of N-type granular silicon was 33000 yuan/ton, down 4.35% annually and 9.59% year-on-year. During the week, the market demand for silicon materials was sluggish, the sales pressure of enterprises was high, and the price of silicon materials dropped significantly, which was significantly larger than before.
Figure 1: Price Trend
of N-type Silicon Material Data Source: Digital New Energy DataBM. Com
Figure 2: Price Trend
of N-type Granular Silicon Data Source: Digital New Energy DataBM. Com II.
According to the data of Digital New Energy DataBM. Com, the price index of TOPCon double-sided 182 photovoltaic modules was 0.66 yuan/W last week, down 1.49% annually. The price index of TOPCon double-sided 210 PV modules was RMB0.67/W, representing a decrease of 1.47% on a month-on-month basis, and the price index of TOPCon double-sided 210 PV modules was RMB0.67/W, which was flat on a month-on-month basis; the price index of HJT double-sided 210 PV modules was RMB0.72/W, which was flat on a month-on-month basis. During the week, the market demand for photovoltaic module prices was low, enterprises still lowered module prices, and third-tier manufacturers cut prices significantly.
Table 1: Last Friday's Photovoltaic Module Price Index (CPMPI)
Source: Digital New Energy DataBM. Com
Figure 3: Trend
of Photovoltaic Module Price Index in the Past Month Source: Digital New Energy DataBM
Last week, the photovoltaic main material market continued to show a downward trend of pressure, and the market was still difficult to stabilize. In the industrial silicon sector, the market is weak, the supply is still increasing, and the market may continue to seek the bottom. Enterprises in the silicon wafer sector maintained their efforts to reduce production without further reduction, the market demand did not improve, the price continued to fall, the willingness of enterprises to purchase silicon materials further declined, and the price of silicon materials dropped significantly. At present, silicon material enterprises do not have a unified implementation plan for production reduction. Most enterprises maintain low-load operation, but it is not enough to reverse the current supply and demand pattern. Silicon material prices continue to break new lows, and the market goes deep into the dark moment, which may force enterprises to further increase production reduction in the later period.
Recently, the market rumors that the photovoltaic association held a meeting to limit production and guarantee prices, but the association refuted the rumor. We believe that the industry's production restriction involves multiple interests, which may not be easy to accomplish, and the industry may continue to conform to the market trend in the future and further clear production capacity.
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