Cecep Solar Energy Co.Ltd(000591) grade polysilicon prices rose for the 13th consecutive week.
rising for 13 weeks
polysilicon maximum average price 251500 yuan / ton
On April 13, the silicon branch of China Nonferrous Metals Industry Association announced the latest price of Cecep Solar Energy Co.Ltd(000591) grade polysilicon. This week, China’s polysilicon prices continued to rise slightly, with the average transaction price of single crystal re feeding, single crystal compact and single crystal cauliflower materials rising by about 0.3%.
Specifically, the price range of China’s single crystal re feeding this week was 2490 Changzhou Qianhong Biopharma Co.Ltd(002550) 00 yuan / ton, and the average transaction price rose to 251500 yuan / ton, with a week-on-week increase of 0.32%; The price range of single crystal compact is 2470 Jc Finance & Tax Interconnect Holdings Ltd(002530) 00 yuan / ton, and the average transaction price rose to 249100 yuan / ton, with a weekly increase of 0.28%. The transaction price of single crystal cauliflower was 244 Tianjin Motor Dies Co.Ltd(002510) 00 yuan / ton, with an average of 246300 yuan / ton, with a weekly increase of 0.33%.
this is the 13th consecutive week that the price of Cecep Solar Energy Co.Ltd(000591) grade polysilicon has risen. Compared with the price of last week, the lowest transaction price of various silicon materials remained unchanged, but the highest price increased by 2 Fawer Automotive Parts Limited Company(000030) 00 yuan / ton, and the overall price rose
polysilicon prices rise continuously
Cecep Solar Energy Co.Ltd(000591) battery exports doubled in the first quarter
The main reasons for the continuous rise of silicon material prices in the near future include: first, the release progress of polysilicon production capacity in China is less than expected; Second, some silicon wafer enterprises in the downstream increased production capacity, and the demand for silicon materials remained high; Third, silicon wafer prices hit a high point again, which has great support for silicon wafer enterprises to maintain a high opening rate. Due to the short production expansion cycle and high gross profit margin, the middle reaches of silicon wafers, battery chips and components have attracted a large number of companies. Therefore, the demand for upstream silicon materials has been pushed up. In the stage of relative shortage of supply, the price of silicon materials continues to rise.
The current round of polysilicon price rise began in May 2020. The rise is mainly affected by factors such as demand, supply and cost. After the “double carbon” target was put forward, the demand for photovoltaic installation increased significantly, while the production of new polysilicon production capacity seriously lagged behind, showing a situation of short supply. In 2021, China’s polysilicon price repeatedly hit a record high in ten years, and the transaction price of re feeding increased by 165.40% from the beginning of the year to the end of the year. The annual average price of single crystal re feeding was 194400 yuan / ton, a sharp increase of 148.30% year-on-year.
In the first quarter, the off-season of photovoltaic industry was not light. Data released by the General Administration of customs today showed that China’s Cecep Solar Energy Co.Ltd(000591) battery exports increased by 100.8% in the first quarter. In addition to exports, China’s photovoltaic installed capacity demand is improving. According to the data of the national energy administration, the newly added photovoltaic installed capacity in China in the first two months of this year was 10.86gw, a significant increase of 234% year-on-year, reaching 83.4% of the total newly installed capacity in the first half of last year, which again exceeded the market expectation.
polysilicon leader’s performance is booming
The performance of polysilicon leading companies broke out under the background of price increase Tongwei Co.Ltd(600438) disclosed the performance forecast for the first quarter. The net profit attributable to the parent company in the first quarter will increase by 4.053 billion yuan to 4.353 billion yuan year-on-year, with a year-on-year increase of 478% to 514%. During the reporting period, the installed capacity of photovoltaic exceeded expectations, the demand for polysilicon products was strong, the market price increased year-on-year, the company’s new production capacity was effectively released, the output increased year-on-year, and the volume and profit increased in the first quarter.
The Tbea Co.Ltd(600089) annual report, one of the leading polysilicon manufacturers, showed that last year, the sales revenue of functional polysilicon increased by 158.8% year-on-year to RMB 11.575 billion, with a gross profit margin of 58.66% Xinjiang Daqo New Energy Co.Ltd(688303) last year’s net profit was 5.72 billion yuan, an increase of 448.56% over the same period last year. The gross profit margin of silicon material sales of the company was 65.56%, an increase of 32.38% over the same period last year; The net profit margin on sales increased by 30.47 percentage points year-on-year, reaching a high in recent years. The performance of poly GCL listed in Hong Kong stocks reversed last year and realized a net profit of 4.701 billion yuan.
