The price of silicon material shows signs of stabilizing after two consecutive weeks of narrowing decline. According to the data released by the silicon branch of China Nonferrous Metals Association, the average transaction price of single crystal re feeding and single crystal compact in the Chinese market increased slightly last week (January 10 to January 14). The mainstream transaction price of re feeding ranges from 230000 yuan / ton to 237000 yuan / ton. New orders are signed by polysilicon producing enterprises, and most orders are executed after the Spring Festival.
The price of silicon material is closely related to the silicon wafer market, and the market supply pressure may support the price of upstream raw materials. On January 16, the PV leader Longi Green Energy Technology Co.Ltd(601012) adjusted the official quotation of its monocrystalline silicon wafer, in which the price of monocrystalline silicon wafer p-type products increased by 2.4% to 5.1%. According to the statistics on the website of business society, at present, the quotation of silicon wafers has increased slightly, and the quotation of scattered silicon wafers is tentatively high, which forms support for silicon materials. The purchase of battery cells and components is normal, and the price may rise.
At present, most units of Chinese silicon material manufacturers are under normal operation, and the newly put into operation capacity increment is slow, which is lower than expected. The silicon branch of China Nonferrous Metals Association pointed out that, on the one hand, the price of silicon wafers has shown a steady upward trend recently, and the operating rate of front-line enterprises of silicon wafers has been adjusted to 60% to 70%; On the other hand, near the Spring Festival, the signing also includes some goods preparation needs, which jointly supports the increase of silicon material procurement and phased demand growth. In terms of silicon material supply in the same period, the release of expanded production was less than expected, which once again formed a situation of phased shortage of silicon material supply, and the price stabilized and rebounded slightly.
Judging from the phased demand for silicon materials in the photovoltaic market, new demand may start after the release of market concerns. Guorong securities research report pointed out that the preliminary industrial chain research reflected poor demand and fierce competition in the short term, and the market was worried. After the industrial chain price tends to stabilize, the downstream price bottoms out periodically, and some demand starts to start, which may not be light in the off-season in the first quarter of 2022. Component export data fell by nearly 20% month on month in November last year. In addition to the high base in October, overseas wait-and-see sentiment is also heavy. With the return of the price of the photovoltaic industry chain, the photovoltaic installed capacity is expected to show a bright spot in 2022.
Previously, with the price reduction announced by silicon wafer manufacturers such as Longi Green Energy Technology Co.Ltd(601012) and Zhonghuan silicon wafer, the rising silicon material price in 2021 began to fall at the end of the year. The data show that the average spot price of China’s polysilicon compact fell by 14.5% from December 2021 to early January 2022. In the secondary market, most of the constituent stocks of polysilicon concept sector fell. According to the data, 20 of the 26 constituent stocks in the sector fell between December 1, 2021 and January 14, 2022. Individual stocks such as Zhejiang Jinggong Science & Technology Co.Ltd(002006) , Risen Energy Co.Ltd(300118) , Hoshine Silicon Industry Co.Ltd(603260) , Beijing Jingyuntong Technology Co.Ltd(601908) , Zhejiang Sunoren Solar Technology Co.Ltd(603105) fell by more than 20%.
