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In a new weekly update for pv magazine , OPIS, a Dow Jones company, offers a quick look at the main price trends in the global PV industry. China Mono Grade, OPISs assessment of the countrys polysilicon price, rose for the fifth week in a row, rising 0.95% to 69.29 yuan ($9.58)/kg. Chinese polysilicon is approaching the psychologically significant RMB 70/kg in a week when quotations have been higher and polysilicon production has been lower than expected. The main reason for the lower production is the planned maintenance of the polysilicon factories during the summer, a source explained. The unexpected reason affecting production is the slow rate at which global production capacity is increasing, the source added. Current polysilicon prices mean that companies have no incentive to burn money and speed up the pace of increasing production capacity, he further explained. Wafer prices increased this week as polysilicon prices continue to rise and demand for wafers from cell manufacturers remains high. Mono M10 wafer prices rose slightly, up 1.11% week-over-week, to $0.364 per unit. According to the sources, the demand for wafers is guaranteed by the good rate of production of cell manufacturers. Also, there has been an upward trend in the price of cells, which in turn supports higher wafer prices. The price of Mono M10 cells is also up this week, up 0.32% week-over-week, to $0.0942 per W. Low cell inventory and high demand for cells from module manufacturers are the factors that keep the price of cells strong. Since high cell prices have not yet deterred module makers from ordering cells or caused a reduction in the operating rates of module factories, one source even foresees further increases in cell prices. The Chinese Module Marker (CMM), the OPIS benchmark for Mono PERC modules from China, held steady for the second week in a row at $0.163 per W, in a market where participants continue to weigh the difficulty of raising prices. module prices against previous rising costs. The TOPCon module price also held at $0.170/W for the second week in a row. Concern about intense competition in the module market was echoed during OPISs weekly survey. Module production capacity continues to grow, and “the price fight is very serious” as many new entrants try to quickly expand their market share and existing companies look to increase their performance growth requirements, according to a source. Demand fluctuates in different ways depending on the export market, but generally speaking, China exported too many modules in the first half of the year, according to a market veteran, adding that module inventories are building up and will continue. doing so as China continues to export a large number of modules in the third quarter. This accumulated inventory will not decrease until early in the fourth quarter, he also said. OPIS, a Dow Jones company, provides energy prices, news, data and analysis on gasoline, diesel, jet fuel, LPG/LNG, coal, metals and chemicals, as well as renewable fuels and environmental commodities. In 2022 it acquired the price data assets of the Singapore Solar Exchange and now publishes the OPIS APAC Solar Weekly Report . |
