YUZE

INFORMATION CENTER

The overall silicon wafer production rate is lowered, and the price of cell chips is still rising due to the tight supply.


Silicon material

This week, the price of polysilicon continued to stabilize. The mainstream transaction price of single crystal re-feeding material was 308 yuan/KG, and the mainstream transaction price of single crystal compact material was 305 yuan/KG. This week, most of the orders of material companies in November have been signed, and the overall market transaction volume is relatively small; although the recent downward pressure on silicon wafer prices has been transmitted to the upstream, but there is a silicon material company for maintenance in November, and there has not yet been a large amount of inventory in the silicon material sector , and the terminal demand continues, the demand for silicon materials will only increase but not decrease, and the time for the price inflection point of silicon materials may be postponed, and the result of the game is still pending.

 

Silicon wafer

The price of silicon wafers fluctuated slightly this week, and the price of M10 size silicon wafers dropped slightly. This week, the mainstream transaction price of M10 is 7.36 yuan/piece, and the mainstream transaction price of G12 is 9.71 yuan/piece. The operating rate of downstream cells remains high and procurement is active, but the shipment speed of silicon wafers is still lower than expected. The price reduction of silicon wafers last week did not lead to the adjustment of upstream silicon material prices. The profit margin of silicon wafers has narrowed. Feedback pressure is increasing; affected by power supply constraints and inventory pressure, some integrated companies and specialized wafer companies are trying to reduce inventory by reducing operating rates. Currently, the operating rate of first-tier companies is maintained at 75%-90%. The operating rate of integrated enterprises is maintained at 70%-80%, and the operating rate of other enterprises is maintained at 80%-80%. At present, the inventory of enterprises is about 8-10 days. If the inventory continues to increase, the price of silicon wafers may still drop in the short term.

 

Cell

Cell prices continued to rise this week. The mainstream transaction price of monocrystalline M6 cells was about 1.31 yuan/W, the mainstream transaction price of M10 cells was about 1.35 yuan/W, and the mainstream transaction price of G12 cells was about 1.34 yuan/W. About 1-2 points. The recent decline in the price of silicon wafers has stimulated the purchase demand of the cell segment. The profit of the cell segment has continued to increase, and the terminal demand has only increased, and the shipment of cells has been smooth. However, the supply of large sizes is still slightly tight, and the mainstream transaction prices are gradually approaching the high price. Considering the limited acceptance of modules, the price of cells may remain stable in the short term.

 

Components

This week, module prices remained weak and stable. The mainstream transaction price of mono 166 modules was about 1.91 yuan/W, the mainstream transaction price of mono 182 modules was about 1.97 yuan/W, and the mainstream transaction price of mono 210 modules was 2 yuan /W or so; the mainstream transaction price of 182 double-sided double-glass monocrystalline PERC modules is 1.97 yuan/W, and the mainstream transaction price of 210 double-sided double-glass monocrystalline PERC modules is 2 yuan/W.

Recently, large-scale terminal ground projects have gradually started construction, and strive to complete them within the year, driving module procurement demand to continue to be hot, and orders continue to be hot; however, upstream cell prices continue to rise and increase their cost pressures. Although the quotations of first-line module companies have not been adjusted, the mainstream transaction prices in the market No change, but low-price orders are very rare; N-type modules have stabilized this week, and the mainstream quotation in the market is 2.16-2.2 yuan/W.

In terms of auxiliary materials, the price of glass this week is the same as last week. The mainstream price of glass with a thickness of 3.2mm is 28 yuan/㎡, and the mainstream price of glass with a thickness of 2.0mm is about 21.5 yuan/㎡. The operating rate of modules supports the demand for photovoltaic glass. At present, orders from glass manufacturers are relatively sufficient, and there is no pressure on shipments for the time being. Some inventories continue to decline. It is expected that glass prices will remain stable this month.