L R AS Published on Tuesday 14 June 2022 - n° 408 - Categories:the prices

The trend in photovoltaics according to PV InfoLink of 8 June

The trend in photovoltaics according to PV InfoLink of 8 June :

Silicon :

Silicon prices continue to rise. The scarcity context is pushing up the price. The median price continues to rise. Even if some long-term orders benefit from some discounts.

Although China's pandemic and transport gridlock show signs of improvement, excess demand for silicon has not yet been resolved.

Trading prices for monograde silicon are rising to RMB 260-268/kg, while recycled silicon scrap is trading at RMB 263-270/kg. Silicon from outside China enjoys premiums, with prices reaching over RMB 280/kg.

It is hard to see what could bring the price of silicon down: new production capacity needs to be tested. US demand is now adding up. Even next year will not see an obvious drop.

Wafers :

The two major wafer manufacturers are maintaining their prices for current formats but are reducing prices in dollars in response to exchange rate fluctuations. However, price differentials between mono-Si wafers of different sizes are likely, given the continuing price increases and shortage in the silicon sector.

The wafer industry is not able to increase its capacity utilisation. So there is no increase in capacity. Only manufacturers are organising their production around the 182 mm format

Cells :

Manufacturers are discontinuing M6 production lines in favour of M10 format cells. In order to meet market demand, some of them are changing the G12 production lines to produce M10 cells. The production volume of M10 cells is increasing but still not enough to meet the demand of end-users, which keeps prices high.

Cell prices are stabilising this week. The trading prices of M6, M10 and G12 cells are RMB 1.14-1.17/W, RMB 1.18-1.20/W and RMB 1.16-1.18/W respectively.

The panels :

Panel prices were little changed this week. Orders are being delivered at 1.86-1.9 RMB/W for large areas, and 1.92-1.96 RMB/W for distributed projects, with differences of 0.02-0.04 RMB/W between glass panels over 500 W and their glass counterparts.

It is difficult for panel prices to fall in the second half of the year due to the current high production costs. Some large projects will be launched, which may lead to a rise in panel prices of 0.01-0.02 RMB/W, compared to 1.88-1.9 RMB/W previously.

Prices are stabilising for the time being in overseas markets. In Europe, prices are holding at $0.27-0.28/W for mono-Si panels over 500 W, or $0.28-0.295/W on the spot market.

Since this week, foreign demand has supported the market. In June, panel manufacturers reduced their purchases of BOMs, such as EVA and glass, which weighed on BOM prices. Negotiations continue for new glass orders, with prices potentially supported.

N-type cells and panels :

There are no significant changes in prices, as there are not many price quotes for N-type products. Prices for M6 HJT cells are around 1.3-1.45 RMB/W.

TOPCon M10 and G12 cells have not been traded much yet. They are currently priced at 1.25-1.27 RMB/W.

Board prices are holding steady this week at RMB 2.1-2.15/W for M6 HJT boards and $0.285-0.33 in overseas markets.

TOPCon M10 and G12 board prices are stable at RMB 2-2.05/W, and $0.285-0.33/W in overseas markets.

https://www.infolink-group.com/en/solar/spot-price/2022-0608-PV-spot-price

PV InfoLink of 8 June 2022

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