of
Silicon Materials Last week, the price of N-type silicon materials was RMB40,500/ton, with a month-on-month increase of 11.72% and a year-on-year increase of 3.85%, and the year-on-year price turned positive; the price of N-type granular silicon was RMB40,000/ton, with a month-on-month increase of 12.68% and a year-on-year increase of 9.59%. During the week, silicon material enterprises continued to raise their quotations, but downstream procurement continued to be cautious. This continuous increase was obviously driven by policy, but the cost of each enterprise was not uniform, and the actual sales price was different. Whether the follow-up transaction could be effectively followed up still needs attention.
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, up 1.54% annually. The price index of TOPCon double-sided 210 PV modules was RMB0.67/W, representing a month-on-month increase of 1.52%; the price index of TOPCon double-sided 210 PV modules was RMB0.67/W, representing a month-on-month increase of 1.52%; the price index of HJT double-sided 210 PV modules was RMB0.72/W, representing a month-on-month flat. During the week, although the downstream demand is still weak, driven by the upstream of the industrial chain, the willingness of enterprises to raise prices has increased, and prices have been raised one after another.
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 silicon industry rose significantly again. The average price of Si4210 industrial silicon rose to 9558.33 yuan/ton. The prices of polysilicon and silicon wafers also rose. The futures and spot markets ignored the weak demand. Under the banner of "anti-involution", the price of polysilicon recovered the lost ground in the year and hit a new high in the year. At present, the futures market is dominated by long funds, and the risk of volatility is increasing, so we should pay attention to the market risk; the spot market still needs to be confirmed by demand, and it remains to be seen whether the price increase can reduce the inventory. In the downstream market, components and cells have also shown a certain increase, but compared with the silicon sector, the increase is relatively small, and the cost pressure in the future market may continue to impact the downstream market. At the same time, the current mechanism price of electricity market is uncertain, or affects the confidence of terminal investment, and the market demand is still weak.
Last week, Dongfang Hope and Jingnuo successively issued statements denying selling polysilicon at a price lower than cost. Dongfang Hope owns its own power plant, which has a comparative advantage in cost. At present, the policy is dominant, and enterprises should not openly violate it. The core of the market is still the policy as the main axis, and the follow-up policy needs to be further implemented.
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