PV industry chain price trend: European component prices are rapidly lower

Abstract Although the silicon material silicon market is still on the sidelines, some companies have already signed orders for September silicon materials. This week, the transaction price of single crystal dense material fell between 90~92 yuan per kilogram, which was slightly lower than the previous price. Although there are still high price transactions, it is...

Silicon material

Although the silicon material market is still on the sidelines, some companies have already signed orders for September silicon. This week, the transaction price of single crystal dense materials fell to between 90 and 92 yuan per kilogram, which was slightly lower than the previous price. Although there are still high prices, it is expected that the subsequent transaction price will fall at 90 yuan per kilogram. The yuan is up and down. At present, it is observed from the downstream market that the demand for single crystals has not yet improved, and the demand for single crystals has not been significantly improved. It has also led the upstream silicon companies to look at the market more conservatively, and the estimated price may continue to fall slowly.

Although there is still no small pressure on the polycrystalline cauliflower, the current price remains at around RMB 85 per kilogram. The follow-up price will depend on whether the price of the polycrystalline silicon wafer continues to fall, which will cause the polysilicon sheet enterprises to reduce production and change.

The overseas silicon material market is in a state of innumerable price, and the actual turnover of overseas silicon materials is still small. Although the high point offer has been revised, the overall price is basically maintained.

Wafer

The price of polysilicon wafers continued to be revised down this week. The domestic transaction price fell to 2.3 yuan per piece, while overseas was more than 0.31 yuan per piece. However, due to the stable price of the upstream cauliflower, the polysilicon chip companies have retained the price reduction.

The price of high-efficiency wafers that currently meet market demand is not much different. The transaction price of most first-tier manufacturers is not less than 2.3 yuan. As polycrystalline demand continues to be weak, and wafer companies are already at a loss, some large companies have plans to gradually reduce the operating rate to maintain the current price level.

Overseas polysilicon chips have also come to US$0.31 per piece this week, and some transactions have fallen below 0.31 yuan. The overseas wafer factory is in the same state as the domestic company. As it is already at a loss, if the price continues to be repaired, it will reduce production, so the price may be flat after a slow decline in the short term. In terms of single crystals, there is not much change in the overall domestic demand, but there has been a decrease in overseas, but the price still maintains the previous offer.

Cell

Polycrystalline demand continued to be sluggish. The price of conversion efficiency of 18.6% and above this week dropped from 0.93-0.95 yuan per watt to 0.9-0.93 yuan, and the second-line factory even fell below 0.9 yuan. Overseas polycrystalline battery chips were affected by the sharp drop in European component prices. This week's decline was obvious, and the price came between 0.11 and 0.118 US dollars per watt. And more and more component manufacturers only need to buy a battery with a conversion efficiency of 18.7% or 18.8%, which makes the gap between 18.6% and 18.8%.

If the decline of polycrystalline cells continues, and there is not much room for price reduction on silicon wafers, and the demand in India is difficult to understand, the operating rate of polycrystalline cells may be further repaired at the end of September.

The demand for domestic single-crystal PERC cells has slightly recovered, and the price has been stabilized. The price this week is unchanged from last week. In the overseas market, there was a significant change after the termination of the European Minimum Price Limit (MIP). The transaction price of overseas single-crystal PERC cells directly matched the price of 0.14-0.145 US dollars per watt for the original mainland manufacturers. The quotation is still flat with the offer of 0.16-0.163 US dollars per watt last week, but there are few transactions.

The termination of MIP is equivalent to announcing that the future market price of solar cells and components in the European market will be almost equal to other markets. Manufacturers with limited price declines in Taiwan and some Southeast Asia have gradually lost European orders, and the operating rate has gradually started to decrease. The reshuffling of demand for European battery chips has had a huge impact on Taiwan battery factories. In the future, Taiwan battery factory may have a very low operating rate in the off-season.

Component

The price of domestic components has been relatively stable, and the trend of slow growth has been maintained in the near future. The conventional polycrystalline components fall at 1.88-1.92 yuan, and the single crystal components mainly fall at 2.08-2.12 yuan.

After the termination of the European MIP, the European market has become a new battlefield for domestic components. The price of domestic component manufacturers has reached 0.21-0.22 euros per watt (converted to about 0.24-0.255 US dollars), which is significantly lower than the original European market price of about 0.23-0.24 euros. . The single-chip PERC components in the European market also fell significantly. The prices of manufacturers in Southeast Asia and mainland China fell to US$0.28-0.30 per watt.

In other market segments, the price of PERC components continued to decline with the battery. The price of 300W and 305W single crystal PERC components fell at 0.26-0.29 US dollars per watt, while the 310W single crystal components on the market also began to increase, and the price fell at 0.275 per watt. 0.3 yuan US dollars.


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