Thread Content
This week (June 5-9), the price of polysilicon in China continued to show a downward trend, with market prices falling sharply again; prices of domestic supplies dropped by around 10,000 yuan per ton on average. According to the commodity market analysis system of Business News, the weekly decline was 7.32%. It being the weekend, the price of single-crystal dense cells of grade 1 solar grade is in the range of 105,000–125,000 yuan per ton. On the supply side, supply conditions are ample; enterprises are operating at high levels, with most manufacturers maintaining normal production rates. Manufacturers are producing large volumes, and low-end products flood the market, further widening the price gap between high-end and low-end products. The main reason is the increased hesitation among downstream silicon wafer manufacturers, who purchase only as needed, resulting in a decline in orders; negotiations now generally take place on a weekly basis ； At the same time, affected by inventory pressures, silicon material manufacturers are more inclined to sell at lower prices, further accelerating the decline in silicon material prices. Looking at the silicon wafers in the downstream market, this week the pricing in that sector continued the downward trend seen last week; last week, leading manufacturer LONGi reduced its prices significantly. The price of single-crystalline silicon wafers, P-type M10, with a thickness of 150μm (182/247mm), has dropped from 6.3 yuan to 4.36 yuan. The prices of single-crystalline silicon wafers in different sizes on the market have dropped by more than 10%. The price of M10 monocrystalline silicon wafers dropped by 0.65 yuan per piece, to 3.5 yuan per piece. The mainstream price of G12 has dropped by 1 yuan to 5 yuan per tablet. Downstream demand remains strong, driving sales; silicon wafers are in ample supply, while silicon rods are accumulating in stock. The large volume of slicing activities in the future will still have an impact on the market. Looking at solar cells and modules, the price of solar cells dropped significantly this week. As the prices of upstream silicon wafers decline, battery manufacturers experience less pressure, but their profit margins remain limited. The prices of some monocrystalline solar cells have seen an even sharper decline; the price of monocrystalline M10 cells has dropped by 0.07 yuan compared to last week, with the current prevailing transaction price being around 0.85 yuan/W. The price of G12 solar cells has dropped by 0.06 yuan/W, with the prevailing transaction price being around 0.92 yuan/W. Component prices have shown a weak downward trend this week; demand from end-users for installations is average, and there is significant pressure to lower prices from downstream parties. The market is still in a state of negotiation between upstream and downstream stakeholders. Future outlook: Analysts at Business Society specializing in polysilicon believe that there is significant capacity expansion throughout the upstream and downstream segments of the photovoltaic industry, with a relative surplus in silicon supply in the short term. With significant inventory buildup in enterprises, prices are likely to remain stagnant in the coming period.