of
Silicon Materials Last week, the average price of N-type silicon materials was 51,500 yuan/ton, which remained stable on a month-on-month basis and increased by 26.09% on a year-on-year basis; the average price of N-type granular silicon was 50,000 yuan/ton, which was flat on a month-on-month basis and increased by 35.14% on a year-on-year basis. During the week, the polysilicon inventory continued to rise and there was a risk of further rise, the downstream market was weak, and the current price of polysilicon still depended on the price of enterprises, while waiting for the subsequent reduction of production.
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 and 1.49% year-on-year. The price index of TOPCon double-sided 210 PV modules was RMB0.68/W, flat on a month-on-month basis and flat on a year-on-year basis; the price index of TOPCon double-sided 210R PV modules was RMB0.68/W, flat on a month-on-month basis and up by 1.49% on a year-on-year basis; the price index of HJT double-sided 210 PV modules was RMB0.72/W, flat on a month-on-month basis. During the week, although some leading enterprises reported a rise, the prices of some components were loosened, while new orders were insufficient, market demand was still weak, and it was difficult for leading enterprises to raise prices.
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 price of industrial silicon stopped falling and stabilized. The average price of Si4210 industrial silicon was 9700 yuan/ton, up 0.26% from the previous month. With the advent of the dry season, the rising price of electricity in southwest China pushed up the cost. Enterprises actively supported the price, but the demand was still weak, and there was no incremental demand in the market. At the same time, the downstream polysilicon was also expected to reduce production. In the short term, the price is still mainly stable. In terms of polysilicon, the inventory of manufacturers further increased, the downstream purchasing demand further weakened, and the silicon wafer enterprises mainly consumed the previously purchased inventory. At the same time, the silicon wafer manufacturers faced the pressure of weakening downstream demand, and the operating rate of enterprises remained stable. In the short term, it is not excluded to reduce the operating rate of silicon wafers to stabilize the price. Therefore, from the downstream demand and silicon wafer production situation, the inventory of polysilicon manufacturers has the risk of further rising. At this time point, silicon enterprises should adjust the production rhythm to balance the inventory. However, from the price point of view, there is no obvious loosening at present, and enterprises are still dominated by high prices.
According to market news, 11 polysilicon manufacturers such as Daquan, Xiexin and Tongwei held a meeting last week to determine the details of the polysilicon storage platform, ushering in significant progress, and the main polysilicon contract also rose significantly last week, with the closing price of 2601 contract reaching 56410 yuan/ton. It rose 7.85% from last week. However, at present, there is no official clear disclosure of the contents and results of this exchange. According to GCL's repeated external statements, the polysilicon storage platform is currently progressing in an orderly manner, but the actual implementation is still expected to be slow, and it is also expected that the work will take time to be approved by the relevant departments.
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