of
Silicon Materials Last week, the average price of N-type silicon materials was 51,500 yuan/ton, which remained stable on a month-on-month basis and increased by 27.54% on a year-on-year basis; the average price of N-type granular silicon was 50,000 yuan/ton, which was flat on a month-on-month basis and increased by 35.14% on a year-on-year basis. During the week, although polysilicon stocks are still rising, companies are not afraid of short-term market weakness and still maintain strong prices. It is worth noting that the price of components in the week turned positive year on year, and the component leader did not reduce the price. According to our analysis, this indicates that the photovoltaic industry chain is expected to gradually break away from the loss situation and move towards a new development trend.
Figure 1: Price Trend
of N-type Silicon Material Data Source: Digital New Energy DataBM. Com
Figure 2: Price Trend
of N-type Granular Silicon Data Source: Digital New Energy DataBM. Com II.
According to the data of Digital New Energy DataBM. Com, the price index of TOPCon double-sided 182 photovoltaic modules was 0.67 yuan/W last week, which was flat annually and year-on-year. The price index of TOPCon double-sided 210 PV modules was 0.68 yuan/W, which was flat on a month-on-month basis and increased by 1.49% on a year-on-year basis. The price index of TOPCon double-sided 210 R PV modules was 0.68 yuan/W, which was flat on a month-on-month basis and increased by 1.49% on a year-on-year basis; The price index of HJT double-sided 210 photovoltaic modules was 0.72 yuan/W, which was flat. During the week, although the price of photovoltaic modules remained stable, the company planned to reduce the start-up rate from the end of October to November, and the price of modules is expected to maintain the bottom tenacity. Overall, due to weak demand, it is still difficult for the price of modules to achieve a strong rise. At present, it is outstanding to stabilize the price, and the price of modules is positive year-on-year. It will help photovoltaic module companies to reverse the situation of continuous performance losses next year.
Table 1: Last Friday's Photovoltaic Module Price Index (CPMPI)
Source: Digital New Energy DataBM. Com
Figure 3: Trend
of Photovoltaic Module Price Index in the Past Month Source: Digital New Energy DataBM
Last week, the average price of Si4210 industrial silicon was 9716.67 yuan/ton, down 0.43%. The increase in production in some markets led to downward pressure on the price, and there was some pressure on the high inventory market. However, it is expected that the price drop will be very limited, and the overall price will fluctuate in a narrow range. In terms of polysilicon, the inventory of manufacturers continued to rise slightly, and the downstream market purchases were treated negatively. Affected by the market demand falling short of expectations, the price was temporarily stable, the price of leading enterprises was strong, and there was no active price reduction. In
the silicon wafer sector, enterprises are also more active in price support, and the start-up situation remains stable, but the downstream is mainly to digest inventory, the purchasing volume has not increased significantly, and the price of silicon wafers may be partially loosened, but overall it is still stable. Last week, data from the State Energy Administration showed that from January to September, the newly installed photovoltaic capacity in China reached 240.27 GW, an increase of 49.35% over the same period last year, of which 9.66 GW was installed in September, a decline of 53.76% over the same period last year. This year, it increased by only 2.3 GW, indicating weak demand in September and the fourth quarter of the market.
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