Silicon material: there were few transactions this week, and the average price of silicon material fell to 258 yuan / kg. With the continuous decline of the upstream silicon powder price and the reduction of the silicon wafer price, the market generally has strong expectations for the decline of silicon material. However, according to the survey feedback, only two transactions were concluded, one of which did not reduce the price, while the single transaction of granular silicon directly lowered the average price, and other silicon material factories did not sign the order. Therefore, according to the decline of the average transaction price, it is judged that the silicon material price has shown a downward trend, I'm afraid it's too early. We still need to wait and see when and at what price the silicon material long order will be signed in December.
Silicon wafer: the average price of single crystal M6 / M10 / G12 silicon wafer was about 5.00, 5.85 and 8.55 yuan / wafer, down 4.8%, 8.1% and 3.1% month on month respectively. The recent continuous decline of monocrystalline silicon wafer has limited the boost to the downstream demand of the market. On the one hand, the downstream battery link still has certain expectations for the continued decline of silicon wafer price, and the wait-and-see mood remains unchanged; On the other hand, the overall downstream terminal demand is also relatively general. Under the current situation of low downstream demand and high upstream silicon material price, which brings cost pressure, many silicon wafer manufacturers in China have reduced production to varying degrees this month, and the overall output of the market has further decreased month on month.
Battery: the mainstream transaction prices of M6 / M10 / G12 products were about 1.05 yuan / W, 1.10 yuan / W and 1.10/w respectively, with a slight decline as a whole. After the price reduction of silicon chips, the price of battery chips also continued to fall. Due to the reduction of downstream procurement demand and the continuous improvement of large-size penetration, 166 battery chips have fallen slightly for five consecutive weeks, and the transaction prices of 182 and 210 have decreased by 2 cents per watt at the same time. Although the price of single crystal battery has been lowered at present, in the case of low overall downstream demand and low operation of component manufacturers, Chinese downstream component manufacturers also basically purchase on demand and order. On the other hand, downstream component manufacturers also expect further price reduction of batteries.
Components: component prices continued to decline slightly this week. The mainstream transaction prices of M6 / M10 / G12 products were about 1.92 yuan / W, 1.95 yuan / W and 1.95/w respectively. After the price reduction of the supply chain in December, the terminal has a stronger wait-and-see mentality. This week, the delivery price in China continues to decline. At present, the price of 166 single glass is about 1.85-1.9 yuan per watt, and the price of 500W + single glass components is about 1.9-1.95 yuan per watt. However, due to the inventory pressure, some component manufacturers still sell their inventory at low prices, The ex factory price of RMB 1.87-1.88 per watt has been heard in the low price section. Looking forward to the follow-up in December, the demand for components is still relatively low. Many component manufacturers have revised their original expectations for the output in December. In order to compete for orders and shipments under the low demand, the price competition has quietly begun. Due to the influence of "buying up but not buying down" associated with the recent price reduction, the downstream power station terminal also has further expectations for the price reduction of the whole upstream manufacturing end.
Auxiliary materials: photovoltaic glass has not changed yet, and the price of adhesive film has decreased by about 8%. This week, the average price of 3.2mm photovoltaic glass is 26 yuan / m2, and the average price of 2.0mm photovoltaic glass is 20 m2, which is the same as the quotation last week; EVA film was lowered to 15.5 yuan / m2 and Poe film was 17 yuan / m2, down 8.82% and 7.89% month on month respectively. In December, the demand for components did not improve, and the main projects have come to an end. Superimposed on the recent decline in the price of the main chain, the downstream tends to "buy up rather than buy down", and the wait-and-see mood is heavy. It is expected that the installed demand is difficult to have an inflection point within the year, and the price support of auxiliary materials is weak. In terms of raw materials, the price of soda ash continued to decline. The inventory this week was 1.4679 million tons, an increase of 207100 tons month on month. Soda ash continued to accumulate inventory, and there was still room for price reduction in the future; This week, the price of EVA photovoltaic material fell to 25000-26000 yuan / ton. Recently, the price fell sharply, mainly due to the sluggish demand in the main chain. Under the background of increased certainty of installed capacity in 22 years, EVA photovoltaic materials are still in short supply.
Risk warning: the PV installation is not up to expectations; Changes in photovoltaic industry policies at home and abroad; The competition pattern deteriorated.
