polysilicon giants signed heavy sales contracts with a total amount of more than 7.2 billion yuan. Silicon material and silicon wafer enterprises have increased their prices and expanded their production. The photovoltaic sector has made rapid progress after the festival
On February 28, the photovoltaic sector continued its upward trend last week. The photovoltaic equipment sector index closed at 179946 points, up 2.72%. 36 companies rose, one flat and six fell, with a total turnover of 32.235 billion yuan and a turnover rate of 2.19%.
Last week, the photovoltaic equipment sector has increased by 7.82%, with a turnover of 160177 billion yuan, an amplitude of 10.55% and a turnover rate of 13.21%.
Xinjiang Daqo New Energy Co.Ltd(688303) 72 billion large orders landed
On the news side, there was a heavy contract of 7.2 billion yuan in the photovoltaic market.
On February 28, Xinjiang Daqo New Energy Co.Ltd(688303) announced that the company had recently signed a polysilicon long single crystal sales contract with a customer. From 2022 to 2026, the customer is expected to purchase 30000 tons of Cecep Solar Energy Co.Ltd(000591) grade polysilicon super grade wash free single crystal materials from the company, with an average of 500 tons per month. According to the calculation of the latest average price of 242 yuan / kg quoted by the silicon branch on the 23rd, the total sales amount is expected to be 7.26 billion yuan. The actual purchase price shall be determined by both parties through monthly negotiation.
In July 2021, Xinjiang Daqo New Energy Co.Ltd(688303) , which has been listed for only seven months, was launched in the capital market, and the expansion speed has attracted the attention of the industry Xinjiang Daqo New Energy Co.Ltd(688303) disclosed on February 18 this year that its application for non-public offering was accepted by the Shanghai Stock Exchange. On January 25, Xinjiang Daqo New Energy Co.Ltd(688303) threw out its first fixed increase plan since listing, and planned to raise no more than 11 billion yuan, of which 8.003 billion yuan was used for the project with an annual output of 100000 tons of high-purity silicon-based materials, and 2.997 billion yuan was used to supplement working capital.
In fact, Xinjiang Daqo New Energy Co.Ltd(688303) made public the above-mentioned projects at the end of last year. According to the announcement on December 21, 2021, Xinjiang Daqo New Energy Co.Ltd(688303) signed the strategic cooperation framework agreement with Baotou municipal government. The company plans to invest 33.25 billion yuan to invest in the construction of 300000 t / a high-purity industrial silicon project, 200000 t / a silicone project, 200000 t / a high-purity polysilicon project and 21000 t / a semiconductor polysilicon project in Baotou city. The last project is expected to have a total investment of 24.25 billion yuan and will be constructed in two phases. The first phase is 100000 t / a high-purity polysilicon and 1000 t / a semiconductor polysilicon, which will be invested and operated by its wholly-owned subsidiary, Inner Mongolia Daquan.
In addition, according to the announcement on January 4 this year, Xinjiang Daqo New Energy Co.Ltd(688303) plans to increase capital to Daquan, Inner Mongolia with its own funds or self raised funds of 9.999 billion yuan. After the capital increase, the registered capital of Inner Mongolia Daquan will increase from 1 million yuan to 10 billion yuan.
silicon material price rises for six weeks
Behind the rise of photovoltaic sector, it is closely related to the strong rebound of silicon material price.
On February 23, the data released by the silicon industry branch showed that the average transaction price of China’s single crystal re feeding in that week was 244900 yuan / ton, an increase of 0.78% on a weekly basis; The average transaction price of single crystal compact was 242400 yuan / ton, with a weekly increase of 0.71%. This is the sixth consecutive week of price increase of silicon materials.
On January 5, the average transaction price of China’s single crystal re feeding according to the statistics of the silicon industry branch fell to 231800 yuan / ton, and the average transaction price of single crystal compact fell to 229100 yuan / ton. The next week, that is, on January 12, the price of silicon material rebounded. According to the latest average price, the average transaction price of single crystal re feeding rebounded by 5.65% and that of single crystal dense material reached 5.8%.
Recently, the silicon material end has repeatedly shown a big layout. On February 25, Wuxi Shangji Automation Co.Ltd(603185) announced that it plans to invest in the construction of 150000 tons of high-purity industrial silicon and 100000 tons of high-purity crystalline silicon projects with a total investment of 11.8 billion yuan; On February 15, Hoshine Silicon Industry Co.Ltd(603260) said that its wholly-owned subsidiary planned to invest in a 200000 ton high-purity polysilicon project with an estimated total investment of 17.5 billion yuan; On December 14 last year, Jiangsu Sunshine Co.Ltd(600220) Group signed an agreement with Bayannur municipal government and Ulat front banner government to build 100000 tons of polycrystalline silicon, 15gw single crystal pull rod, 15gw battery module and photovoltaic power station projects with a total investment of 35.15 billion yuan.
Silicon prices rose, followed by silicon wafers. On February 24, the silicon industry branch disclosed that the M6 monocrystalline silicon wafer (166mm / 165) of that week μ m) The price range was 5.35-5.45 yuan / piece, and the average transaction price increased to 5.41 yuan / piece, with a weekly increase of 3.05%; M10 monocrystalline silicon wafer (182 mm / 165 mm) μ m) The price range was 6.45-6.5 yuan / piece, and the average transaction price increased to 6.48 yuan / piece, with a weekly increase of 1.89%; G12 monocrystalline silicon wafer (210mm / 160) μ m) The price range was 8.5-8.65 yuan / piece, and the average transaction price increased to 8.54 yuan / piece, with a weekly increase of 0.23%.
“Silicon chip Duo” also raised prices successively. On February 22, Longi Green Energy Technology Co.Ltd(601012) raised the quotation of silicon wafer for the third time in 2012. Compared with the previous quotation, the price of each wafer increased by 0.3 yuan to 0.35 yuan, or 5.7% to 6.1%. As early as January 17, Tianjin Zhonghuan Semiconductor Co.Ltd(002129) has raised the price once.
how much room for improvement
Why does the price of silicon material and silicon wafer rebound continuously?
According to the analysis of PV InfoLink, in terms of supply, the actual supply of silicon is limited. Due to non subjective factors, the chemical production cycle and the climbing of new production line need some necessary time to improve the kinetic energy and effective output. Although the month on month supply increased slightly in February and is expected to increase month on month in March, the overall new supply of silicon in the first quarter of this year is still insufficient compared with the new demand in the silicon wafer crystallization link. At the same time, under the background of the rising operating rate in the crystallization link, the mismatch relationship between short-term silicon supply and demand is difficult to solve, and the probability of silicon price stability increases.
On the silicon wafer end, the overall growth rate of the crystal pulling link increased month on month in February. It is expected that there is still room for growth in crystal pulling in March, but the space has become more and more limited. The fluctuation of terminal demand and wait-and-see sentiment still permeate the market. The price stimulus of the upstream cycle and the response and acceptance of the downstream demand side need time to observe.
Gf Securities Co.Ltd(000776) research report points out that there is still a supply gap of silicon material due to the increasing trend of silicon wafer new production capacity and operating rate. The inventory of silicon wafers has been exhausted. Facing the current strong demand from overseas and the whole county of China, battery manufacturers consider that the scenery base will be gradually started from April to May and prepare goods in advance, resulting in a phased shortage of silicon wafers. The current round of price rise in the industrial chain once again confirms that the off-season in the first quarter is not light. It is expected that the global PV installed capacity will reach more than 230gw in 22 years, with a year-on-year increase of more than 35%.
