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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 valuation for polysilicon in the country, extended gains for the eighth consecutive week, rising 2.38% weekly to 75.50 yuan ($10.36)/kg.
This market continues to face some short-term bullish factors. Polysilicon production growth in August continued to be lower than expected, "mainly due to the shortage of electricity in summer," a source explained.
At present, the Chinese polysilicon market maintains a monthly production capacity of about 120,000 tons, “to which is added a little more polysilicon from imports,” said a source. This is enough for the roughly 50 GW of modules on production lines, the source added.
Looking ahead, Chinese polysilicon prices are expected to decline as oversupply issues roil the market again. The current high rates of module production will not be able to be sustained for long as end-user demand is likely to slow between late November and December, according to a source. Meanwhile, some of the new polysilicon entrants that had halted production could resume production in the fourth quarter, which could lead to a notable increase in polysilicon supply, he added.
Although the polysilicon and wafer segments rose again this week, the Chinese Module Marker (CMM), the OPIS benchmark for Chinas Mono PERC modules, remained stable for the fifth consecutive week at $0.163 per W, and the The price of TOPCon modules also remained stable for the fifth consecutive week at $0.17 per W.
During the OPIS market study, several sources agreed that the modules are trading sideways, as market fundamentals remain unchanged. Prices continue to rise, but module sellers are finding it difficult to raise prices due to the intense competition they face in this segment.
In the future, excess supply will continue to be the trend in the module market. The prices of the modules have hit rock bottom and cannot go down further, since level 2 and 3 operators cannot start their operations and level 1 operators keep prices low because they compete with each other, explains a source. Smaller companies could close their doors: “The closure of companies is positive, as it means that the solar market is consolidating and that less efficient operators have abandoned,” says another source.
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 pricing data assets of the Singapore Solar Exchange and now publishes the OPIS APAC Solar Weekly Report . |
