Silicon material
The domestic market price of level-1 material is 140 CNY/kg, and 125 CNY/kg for level-2 ones. The price of imported level-1 materials is $19.08 /kg, while it stands at $17.72 /kg for level-2 ones.
The polysilicon market is flat and manufacturers are awaiting further indication on market direction.
Solar Wafer
This week, regarding mono-c-Si 125mm*125mm wafer, the price of tier-1 suppliers stood at 5.3 CNY/pc, and at 4.7 CNY/pc for tier-2 ones. As to mono-c-Si 156mm*156mm wafer, the price of tier-1 suppliers arrived at 8.5 CNY/pc, and 7.6 CNY/pc for tier-2 ones. In terms of poly-c-Si 156mm*156mm wafer, the price of tier-1 suppliers reached 6.50 CNY/pc, and 5.8 CNY/pc for tier-2 ones.
The demand for mono-c-Si wafers has grown recently, and there are quite a few large orders in the market. The supply for this type of wafer is low at this time and despite demand, pricing has not moved up and has not reached the cost line. Mono wafer manufacturers have not recovered their production lines due to this condition. Payment terms conditions are improving with fewer credit days.
Solar Cell
Currently, considering mono-c-Si 125mm*125mm cell, the price of tier-1 suppliers stands at 3.00 CNY/W, and 2.60 CNY/W for tier-2 ones. Regarding mono-c-Si 156mm*156mm cell, the price of tier-1 suppliers is at 3.00 CNY/W, and 2.70 CNY/W for tier-2 ones. In terms of poly-c-Si 156mm*156mm cell, the price of tier-1 suppliers has reached 2.55 CNY/W, and 2.40 CNY/W for tier-2 ones.
These days, the cell market condition is almost the same as that of the wafer market, and the movement of price and demand is mainly the result of the fluctuation in upstream manufacturers. Meanwhile, promoted by the demands from domestic power plants, poly-c-Si cells are very popular in recent days. But, since the circulation volume of poly-c-Si cell is large, the price has had no obvious increase and has leveled off, and remains stable. There is a shortage of the mono cells on the market; therefore, there is an increased demand. Price for mono-c-Si cells is expected to remain flat, however with large volume of mono-c-Si wafer manufacturers restarting their production if the pricing for wafers increases.
Solar Module
Concerning mono-c-Si 190W module, the price of tier-1 suppliers stands at 4.30 CNY/W, and 3.95 CNY/W for tier-2 ones. As to mono-c-Si 245W module，the price of tier-1 suppliers is at 4.75 CNY/W, and 4.4 CNY/W for tier-2 ones. In terms of poly-c-Si 230W module, the price of tier-1 suppliers has reached 4.05 CNY/W, and 3.50 CNY/W for tier-2 ones. Concerning mono-c-Si 195W module, the price of tier-1 suppliers stands at 4.45 CNY/W, and 4.15 CNY/W for tier-2 ones. As to mono-c-Si 250W module, the price of tier-1 suppliers is at 4.85 CNY/W, and 4.55 CNY/W for tier-2 ones. And, in terms of poly-c-Si 240W module, the price of tier-1 suppliers has reached 4.20 CNY/W, and 3.95 CNY/W for tier-2 ones.
Now, most domestic module manufacturers are recovering their production. Some large-scale manufacturers are at full capacities and the utilization of small-scale manufacturers increased as well. It was recently announced that most domestic power plants are inviting bidding these days, and module manufacturers will see intensified deliveries in April. Presently, the demand of the foreign market is recovering slowly, and since the policy for the domestic market remains uncertain, most manufacturers still keep their eyes on the market, and the price of module is still slow to increase. In order to reduce the inventory risk, most modules manufacturers keep producing according to their orders and the price quotation is expected to change with the orders’ volumes. Domestic module pricing remains stable, while shipments to the EU have been lower due to a cautious approach to registration and potential tariffs.
Tier-one companies include the U.S. and HK stock market-listed entities, with large capacity and product circulation in the market, like Suntech Power Holdings Co., Ltd. (ADR)(NYSE:STP), Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE: YGE), Canadian Solar Inc. (NASDAQ: CSIQ), Trina Solar Limited (NYSE: TSL), JA Solar Holdings Co., Ltd. (ADR)(NASDAQ: JASO) and ReneSola Ltd. (ADR)(NYSE: SOL)
Prices quoted in CNY include 17% VAR domestic tax.
