In the first full working week after the eleventh festival, upstream and downstream companies have entered a game of silicon prices. Since most of the monocrystalline silicon wafer companies maintained full production and started operations during November, and the stocks of major domestic manufacturers were prepared around mid-to-late October before the holiday, the silicon material inventory will gradually be exhausted. On the other hand, with the new order expansion Die production capacity is in full swing, and the overall demand for silicon materials is increasing. Up to now, some first-line silicon material manufacturers hope to maintain the high price level before the holiday. However, due to the daily increase in the inventory pressure in the factory and the continuous price reduction of downstream silicon wafer companies, the price of silicon materials has begun to loosen recently. Purchasing, buying up and not buying down continue to reflect. This week, the price of single crystal materials showed a downward trend. The actual number of orders was small. The mainstream transaction range fell between 92-90 yuan per kilogram, and the average price was 91 yuan per kilogram. It is expected that some first-tier companies will complete the order signing at the latest next week, and the price of monocrystalline materials will become clearer. On the whole, with the gradual increase in the supply of silicon material companies in the fourth quarter, the output of polysilicon continued to improve, and it is predicted that the price of silicon materials will show a downward trend in the future.
During the November period, most domestic polysilicon wafer companies were closed for holidays, and the purchase demand for polysilicon materials after the holiday was mainly on the sidelines. This week, the polycrystalline materials have not changed much from the previous period. The transaction price has been stable at 61-65 yuan per kilogram, and the average price is 63 yuan per kilogram. Affected by the recent weakening of downstream polycrystalline demand, it is expected to be passed up to the silicon material link, and the price of polycrystalline materials is expected to loosen and decline.
For overseas silicon materials, as current customers still have a certain demand for silicon materials, domestic silicon wafer companies continue to bearish expectations. If there is no better optimization range, customers are not willing to purchase. The price of single-polycrystalline materials remained stable this week, with single-crystalline materials falling between 10.2-10.7 US dollars per kilogram; poly-crystalline materials falling between 7.2-7.7 US dollars per kilogram.
Although the upstream monocrystalline materials began to loosen after the holiday, the monocrystalline supply and demand relationship is relatively balanced, and the prices of monocrystalline wafers G1 and M6 remain high. With the increase in terminal demand for high-wattage components, various monocrystalline silicon wafer companies gradually increased the output of M6 wafers during the third quarter, resulting in a corresponding decrease in G1 output, resulting in a temporary shortage of G1 supply. This week, the transaction prices of G1 and M6 were basically stable compared to the previous period. Domestic G1 and M6 fell between 3.03-3.08 yuan and 3.18-3.23 yuan per piece respectively; overseas G1 and M6 fell between 0.395-0.400 yuan and each piece, respectively. Between 0.414-0.419 dollars.
After the holiday, some polysilicon wafer companies resumed operations one after another, and the price of upstream polysilicon materials remained stable. The price of polysilicon wafers this week did not change significantly compared to before the holiday. The domestic and overseas wafer transaction ranges were stable at RMB 1.55-1.65 per piece. Between, and between 0.203-0.215 US dollars per piece. With the recent weakening of downstream polycrystalline terminal demand, and feedback from some battery manufacturers that the shipment of medium-efficiency wafers is not smooth and the cost pressure of raw materials, signs of polycrystalline silicon wafer prices will be obviously fermented in the short term, supporting the high price of polycrystalline silicon wafers. Obviously insufficient.
As the new order has been finalized before the eleventh quarter, the fluctuation of monocrystalline cells has stabilized in a certain range. The M6 size is supported by demand in the second half of the year, and the supply has not been fully released. The price has continued to be strong, and the average price has remained stable at RMB 0.92-0.93 per watt. It is not common for new orders to be signed in October at prices below 0.9. In the following October when the demand is improving and the supply is changing, the overall price of monocrystalline cells will decline more slowly. It is expected that the price of monocrystalline cells may still stabilize in a certain range in the fourth quarter.
However, it was observed this week that a small number of manufacturers switched back to G1 cells when the original M6 cells were tight. However, under the current shortage of glass supply, manufacturers have considered reducing the production of G1, thus reducing demand and driving G1 to pull goods. Slowing down again, this week’s trading volume is less, the price is more chaotic, the divergence between first-tier and second-tier manufacturers has once again widened. At present, the mainstream price of first-tier manufacturers is still stable at 0.85-0.86 yuan per watt, while the price of second-tier manufacturers is 0.82 per watt. -0.83 yuan, and even the low point of 0.81 yuan per watt is also selling goods.
This week, the low-efficiency section of the polycrystalline cell stocks accumulated, and the poor sales situation caused the price to start to decline. The average price this week fell slightly to 2.6 yuan per cell. There is little room for price drop of polycrystalline cells, and some manufacturers have considered shutting down polycrystalline production lines before the end of the year.
In the fourth quarter, rapid module shipments, coupled with the increase in the proportion of double-sided, aggravated the shortage of glass. The average price of 3.2mm coated glass rose from 30 yuan per square meter in September to 36-40 yuan in the near future. Due to procurement difficulties, some of them were small. The unit price even fell at 41 yuan. The insufficient supply of glass and the continuously rising glass price began to restrict the shipment schedule of component factories, and some component factories had slightly reduced their operating rates.
Terminal demand continued to be strong in the fourth quarter. Therefore, it is expected that the shortage of glass will not be alleviated until the end of the year. However, after July-September negotiations on module prices in various regions, the price in the fourth quarter has basically been negotiated and stabilized at RMB 1.58-1.6 per watt. , 0.2-0.22 US dollars, so even if the glass price rises sharply, the module price can hardly reflect the rising cost of glass, so that the profit of the module side is still difficult in the fourth quarter.