1 silicon material
Affected by the delay in downstream demand, the price of polysilicon continued to decrease this week. Judging from the current market situation, the impact of overseas epidemics on the domestic photovoltaic industry chain has deepened. The domestic polysilicon market price continues to decline. The low point of monocrystalline materials has fallen below the 60 yuan node, and the average price has been reduced to 61RMB / KG. In the context of the overall cooling of demand, the supply of silicon manufacturers is sufficient, but there is not much room for bargaining.
2 silicon wafer
As the major line manufacturers lowered the price of silicon wafers again last Monday, the market panic intensified, and the overall silicon wafer prices fell sharply. As the first-tier manufacturers are facing weak downstream purchase intentions, the second- and third-tier manufacturers are also forced to follow up and lower prices, hoping to ship as soon as possible to reduce production load, which will cause more pressure on subsequent shipments. The trend of price reduction of monocrystalline silicon wafers has further squeezed the market space of polycrystalline silicon wafers. The phenomenon of blind dumping of products in the polycrystalline market has been quoted as low as 1.0RMB / chip, but it still cannot stimulate order growth.
Due to the substantial price reduction of large-scale solar cell manufacturers, the overall market price of solar cells has been synchronously lowered, and the average price of ultra-efficient monocrystalline solar cells (> 21.7%) has dropped to 0.82RMB / cell. With the upstream silicon wafer price adjustment, there is room for adjustment in the cell segment. The impact of this round of price fluctuations on manufacturers’ expansion plans will gradually appear. Observe the polycrystalline market, because the stagnation of orders is not optimistic. As polycrystalline batteries began to be priced in tablets, there was no room for a large drop in price, and the drop was relatively small. It is estimated that the market demand is still sluggish, the inventory problem of battery factories will be more difficult, and it may have to reduce production capacity in response to market changes.
Under the continuous impact of the global epidemic, it was supposed to start negotiating orders for May at this time in previous years, but the component market still continued the weak market demand and weak transactions in the previous week. With the continuous price cuts in the upstream, the inventory pressure in all links has further increased, and the component prices are not optimistic. They have continued to decline. There are occasional quotations but there is still a priceless market. Observing various component manufacturers, most companies have not been able to negotiate prices for May orders. In the domestic market, demand for large-scale projects has started, the market winning price is still continually setting new lows, and the profit margins of component manufacturers are already very limited.