SMM Silicon-Based PV Morning Meeting Summary: Module Prices Decline, Polysilicon Production Slightly Decreases
In the current module market, the price of distributed N-type 182 modules is around 0.742-0.754 yuan/W, with the average price continuing to decline WoW. The price of distributed N-type 210 modules is currently 0.747-0.759 yuan/W, with the average price decreasing by 0.032 yuan/W WoW. The price of centralized N-type 182 modules is currently 0.723-0.744 yuan/W, with the average price decreasing by 0.009 yuan/W WoW. The price of centralized N-type 210 modules is currently 0.738-0.759 yuan/W, with the average price decreasing by 0.009 yuan/W WoW.
SMM April 14 News: The spot price of silicon metal remained weak last week, with above-standard #553 silicon in east China at 10,000-10,200 yuan/mt. The main contract hit a new low due to macro news, then rebounded and consolidated. The spot market saw sluggish order inquiries and trading.
In April, supply from northern silicon metal capacity was reduced due to production cuts, while a small number of silicon enterprises in the southwest resumed production, leading to a slight increase in supply. The total supply of silicon metal decreased significantly MoM from March.
Social inventory: SMM statistics showed that the total social inventory of silicon metal in major regions was 612,000 mt on April 11, up 4,000 mt WoW. Among them, social ordinary warehouses were 138,000 mt, flat WoW, and social delivery warehouses were 474,000 mt (including unregistered warrants and spot cargo), up 4,000 mt WoW.
The price of N-type recharging polysilicon was 39-45 yuan/kg, and N-type dense polysilicon was 38-42 yuan/kg over the weekend. Trading of polysilicon gradually approached the end this month, with the trading center for crystal pulling plants pulling back to around 41 yuan/kg, down about 1 yuan/kg.
In April, there was an increase in new capacity and production from some manufacturers, and polysilicon production was expected to increase slightly. However, a new Xinjiang enterprise underwent maintenance at the beginning of the month, and polysilicon production fell to around 98,000 mt.
The trading atmosphere of polysilicon weakened in the recent week, mainly due to the end of the concentrated order signing period, and warrant registration was also limited, leading to a slight accumulation of inventory.
In the current module market, the price of distributed N-type 182 modules was around 0.742-0.754 yuan/W, with the average price continuing to decline WoW. The price of distributed N-type 210 modules was around 0.747-0.759 yuan/W, with the average price down 0.032 yuan/W WoW. The price of centralized N-type 182 modules was around 0.723-0.744 yuan/W, with the average price down 0.009 yuan/W WoW. The price of centralized N-type 210 modules was around 0.738-0.759 yuan/W, with the average price down 0.009 yuan/W WoW.
Most enterprises maintained high operating rates in April, and module scheduled production continued to grow due to the installation rush.
Currently, the overall order situation of leading manufacturers in April has been mostly arranged, and inventory remained relatively low.
The current domestic price of inner layer sand was 60,000-75,000 yuan/mt, middle layer sand was 30,000-45,000 yuan/mt, and outer layer sand was 20,000-25,000 yuan/mt. Last week, the market inquiry heat for high-purity quartz sand increased due to the impact of the trade war, and some crucible enterprises purchased imported sand in small batches. It is expected that the trading volume of domestic sand will also rise in the future.
Recently, the supply of quartz sand remained stable, and semi-finished ore from Russia and other places began to flow in. The supply is expected to continue to rise in the future.
Trading volume recovered, and inventory remained stable for the time being.
3.2mm single-layer coating: The price of 3.2mm single-layer coating PV glass was 22.0-23.5 yuan/m², with the market low price falling. 3.2mm double-layer coating: The price of 3.2mm double-layer coating PV glass was 23.5-24.5 yuan/m², with the market low price falling. 2.0mm single-layer coating: The price of 2.0mm single-layer coating PV glass was 13.5-14.5 yuan/m², with the price range stable, but the trading center slightly moved down. 2.0mm double-layer coating: The price of 2.0mm double-layer coating PV glass was 14.5-15.5 yuan/m², with the price range stable, but the trading center slightly moved down.
In April, two domestic furnaces with a total of 2,500 mt/day started production, and one 1,200 mt/day furnace ended cold repair, leading to a steady increase in supply.
This week, the inventory of domestic glass enterprises continued to decline, but the decline rate slowed down due to module price negotiations.
