This week, the price of monocrystalline silicon wafers remained stable or saw a slight decline; the impact of geological activities in Ya’an is likely to be limited

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This week, the price range for M6 monocrystalline silicon wafers (166mm/160μm) was 5.70–5.74 yuan per wafer, with an average transaction price of 5.72 yuan per wafer, remaining unchanged on a week-on-week basis； The price range for M10 monocrystalline silicon wafers (182mm / 160μm) is 6.76–6.86 yuan per wafer, with an average transaction price of 6.84 yuan per wafer, remaining unchanged on a week-on-week basis ； The price range for G12 monocrystalline silicon wafers (210 mm/160μm) is 8.95–9.15 yuan per wafer, with the average transaction price dropping to 9.10 yuan per wafer, representing a week-on-week decrease of 0.22%. This week, the silicon wafer market saw temporary price drops, while mainstream prices remained unchanged. The reason for the price drop of G12 monocrystalline silicon wafers is the release of some less efficient wafers by certain specialized silicon wafer manufacturers; whereas M6 and M10 are supported by raw material costs, so their prices remained stable in May. From a supply perspective, successive earthquakes struck Yaan in Sichuan, with the strongest reaching 6.1 on the scale. There are 4 monocrystalline silicon companies in Sichuan province, 3 of which serve as crystal pulling facilities for production, with a combined production capacity of 36.2 GW. Therefore, silicon wafer production in June will be lower than expected, with the exact amount of reduction to be determined after evaluation. From the demand side, battery manufacturers are maintaining normal inventory turnover at present; the price of 182-size solar cells has increased by 0.01 yuan/W, reaching 1.19 yuan/W, and this profit margin provides support for the prices of silicon wafers upstream. Overseas exports of components and distributed photovoltaic systems remain strong. Taking all of the above into account, the supply and demand for silicon wafers remain in a tight balance at present, with strong cost support; therefore, it is expected that silicon wafer prices will remain stable in the short term. This week, the operation rates of the two leading companies remained at 75% and 80% respectively, while those of the integrated companies were between 90% and 100%. The operation rates of the remaining companies were between 70% and 80%. According to statistics from the Silicon Industry Association, the export volume of monocrystalline silicon wafers in April was 2.14 GW, a 7.4% decrease on a month-on-month basis, while the export volume of polycrystalline silicon wafers increased to 0.25 GW, with a 28.6% decline on a month-on-month basis. Silicon wafers account for 90% of exports. In April, the export volume of solar modules was 10.29 GW, a 9.66% decrease on a month-on-month basis. Overseas, Europe shows a high level of acceptance for the export prices of these modules. Based on domestic and international installation projections as well as the status of component orders, exports of components are expected to maintain steady growth in May.