PV industry chain price weekly report: solar silicon wafer offers continue to adjust downward, triggering a new wave of price turmoil in the industry chain, December 14, 2021

· PV Price Trends
PV industry chain price weekly report: solar silicon wafer offers continue to adjust downward, triggering a new wave of price turmoil in the industry chain, December 14, 2021

Solar silicon offers fluctuate slightly as solar silicon market starts to see price reductions

After the downstream first-line solar wafer enterprises have cut their prices, the overall solar wafer market offer has dropped significantly, resulting in strong pressure to cut prices at the solar wafer end when purchasing silicon materials. The solar silicon link inventory pressure is small, based on the market supply and demand is generally balanced situation, the initiative to reduce prices is very low, the upstream and downstream has not yet reached a consensus. Although the solar silicon market has not seen a large area of price cuts, but some companies forced by the pressure exerted by old customers, part of the long-order transaction prices have been significantly loosened, the rate of reduction in USD 0.31-0.79/KG. the current overall silicon prices down slightly, a single silicon offer at USD 41.03/KG, by the recent fluctuations in China's solar wafer offer, overseas solar silicon prices also The recent price is around USD 36.1/KG.

 

Observe the production operation and shipment of solar silicon link, in December, a new enterprise capacity into production, for Xinjiang Daquan annual output of 35,000 tons of silicon project, in addition to 50,000 tons of Tongwei Yunnan is also expected to be put into production at the end of the year, plus the previous GCL, Tongwei Sichuan two production projects, the total new silicon capacity will reach 155,000 tons. At present, the new project is in the production capacity of the rising period, this year's solar silicon production is less, the impact on the short-term solar silicon prices is limited.

 

Solar wafer offers continue to fall as monocrystalline and polycrystalline solar wafers drop in price at the same time

After the two leading solar wafer companies cut their solar wafer offers for December, solar wafer companies have followed suit, and the drop is more obvious. other second- and third-tier companies' offers are relatively confusing, and the average price in the G1 market is currently down to USD 0.81/PCS, the average price in the M6 market is down to USD 0.83/PCS, and the average price in the G12 market is down to USD 1.34/PCS. in the market In the atmosphere of falling prices, a few solar wafer companies are offering M6 monocrystalline wafers below USD 0.79/PCS for smooth shipments, but the total number of transactions is relatively small.

 

Observe the solar wafer link production operation and shipping situation, in the current industry chain price is at a high level, the short-term terminal demand becomes weak background, all links are facing the pressure to reduce prices to reduce inventory. As the solar wafer market continues to drop in price, the upstream solar silicon offer began to slightly loosen, the actual solar silicon turnover on the market is not much, showing that the current solar wafer market is still tough attitude in the price pressure, which also reflects the solar wafer link by the downstream has been observing the impact, but also by the pressure of inventory clearance, so it is expected that the short-term solar wafer offer is still unstable So it is expected that solar wafer offers will remain unstable in the short term.

 

 Solar cell offers have declined marginally, with the overall PV market still watching and waiting for stronger signals

Following the continued lowering of leading solar wafer offers, monocrystalline and polycrystalline solar cell offers were lowered one after another. As overall market demand became smaller in December, the market was more inclined to watch and wait, with overall turnover on the low side. In this situation, some companies did not fully reduce prices, pushing the mainstream price of monocrystalline G1 down to USD 0.18/W this week, and the mainstream price of M6 cells at USD 0.17/W. The mainstream price of M10 and G12 monocrystalline cells were both at USD 0.18/W. Although the price reduction of solar silicon wafers brought positive effects on the downstream segments, especially the demand of the terminals, it still needs some time to be transmitted. Under the situation that the overall price has not stabilized, all segments are still cautious in their procurement.

 

In terms of polycrystalline solar cells, overall demand is weak and offers are difficult to maintain stability. The trend of continued shrinking of total supply and demand in the market is evident, with mainstream prices at home and abroad currently slipping to USD 0.13/W and USD 0.018/W.

 

Very small fluctuations in PV module prices, with some PV module offers continuing to be adjusted downwards

Although the upstream of the PV market has been releasing price reduction signals recently, only last week there was a significant drop in PV module quotes, but it did not significantly stimulate the demand of the terminal. In addition to the orders of some first-tier enterprises, the orders of other second- and third-tier enterprises are still very few, and some enterprises are trying to grab orders. The overall market price is difficult to stabilize. In the overseas segment, with the end of the year approaching, orders from some overseas regions were slow and buyers preferred to observe and wait for price reductions.

 

Next week's forecast

PV module prices fluctuated slightly this week, with some PV module offers continuing to be adjusted downwards and are expected to remain at these prices next week. Some Chinese PV module companies slowed down delivery of orders towards the end of the year, with factories starting to maintain and refurbish equipment after the Chinese New Year's Day holiday in preparation for a smooth start to production in 2022. The new crown virus was affected by lower winter temperatures and a slight epidemic in some areas, resulting in transport setbacks and affecting raw material delivery times. Sea freight is affected by Christmas in Europe and Chinese New Year, sea freight prices are rising and booking space is very difficult, customers who have not yet ordered for Christmas try to stay in China after Chinese New Year and then place their orders, most Chinese PV module factories will be very tight before the delivery time.