of
Silicon Materials Last week, the average price of N-type silicon materials was 51,500 yuan/ton, with a month-on-month increase of 0.49% and a year-on-year increase of 23.65%; the average price of N-type granular silicon was 50,000 yuan/ton, with a month-on-month increase of 1.01% and a year-on-year increase of 35.14%. During the week, the inventory of polysilicon enterprises increased, downstream purchases decreased, and the price of silicon materials rose, but the increase was weakened.
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 0.67 yuan/W last week, which was flat annually, down 4.29% year-on-year. TOPCon double-sided 210 PV module price index was 0.68 yuan/W, down 4.23% year-on-year, and TOPCon double-sided 210R PV module price index was 0.68 yuan/W, down 1.47% year-on-year, down 4.29% year-on-year; The price index of HJT double-sided 210 photovoltaic modules was 0.72 yuan/W, down 1.37% from the previous month. During the week, the price of photovoltaic modules remained stable, and some enterprises were bullish on the future market of modules. However, at present, the demand for downstream power plants is still weak, although enterprises are bullish on the future market, whether the price can be smoothly transmitted remains to be verified by the market. According to previous years, the fourth quarter is generally the peak season for the installation of centralized power plants, which is conducive to further raising the price of component enterprises.
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 continued to rise. The average price of Si4210 industrial silicon was 9741.67 yuan/ton, up 1.03% from the previous month. It has rebounded for four consecutive weeks, but the price has not yet recovered from the price in early August. However, with the advent of the dry season, the production cost of industrial silicon is expected to rise, which is a favorable support for the price of industrial silicon. In terms of polysilicon, manufacturers are determined to support the price, and the operating rate of silicon wafers remains stable, so the price of polysilicon continues to rise in the week. However, during the week, the downstream purchase of silicon materials has been reduced, and the inventory of silicon materials enterprises has maintained a rising trend, which has further suppressed the price of silicon materials. A new round of upstream and downstream game is brewing. Whether the production reduction will be added in October will determine whether the follow-up price of silicon materials can rise further.
On September 24, Dongfang Hope Group announced that the first phase project of Zhundong Base in Xinjiang will be shut down for overhaul, and the third phase project will also be overhauled at an opportune time, involving 150000 tons of production capacity. However, the 140000 tons of polysilicon project in Ningxia Base has been completed, or will increase production efforts to fill part of the output, and the overall reduction is very limited. Short-term changes in the supply side are expected to be limited.
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