Polysilicon. This week, polysilicon** remained stable; The mainstream transaction** of monocrystalline compound feeding material is 60 yuan, and the mainstream transaction of monocrystalline dense material** is 58 yuan kg; N-type material** is 71 yuan kg.
On the supply side, polysilicon output fell slightly month-on-month, due to the low number of production days in February. The new production capacity will continue to be put into operation and ramp up to release incremental output, and new production capacity may be officially put into operation in March, which will once again increase the supply pressure of p-type materials. However, N-type materials are still supported this month, and it still takes a certain amount of time for the new production capacity to complete commissioning before it can produce qualified N-type materials; In the short term, the supply pressure of n-type materials is relatively small. On the demand side, the production schedule of the crystal pulling end was still running at a high level this month, forming a benign support for the demand for polysilicon, and the overall supply and demand relationship of n-type materials was tight against the background that the demand for n-type materials by crystal pulling plants was still strong. However, it should be noted that the pressure on n-type wafers to accumulate inventory after the holiday is steep, and if manufacturers revise down their n-type output, it cannot be ruled out that n-type materials will be under pressure due to weaker demand at the end of the month.
Silicon chip. Wafers held steady this week; The mainstream transaction volume of P-type M10 wafers** was 205 yuan piece; The mainstream transaction of P-type G12 is 300 yuan piece; The mainstream transaction volume of n-type M10 wafers** was 200 yuan piece; The mainstream transaction of N-type G12 is 310 yuan piece.
On the supply side, the utilization rate of wafer output remained high this month, and the overall output remained flat month-on-month. Stimulated by the expectation of p-type demand at the end of the post-holiday period, p-type output has a slight upward trend; On the other hand, the output of n-type silicon wafers was basically flat, but with the sharp decline in downstream cell production, the inventory level has risen again, and the pressure on the supply side has increased. On the demand side, the cell sector saw a significant reduction in production, while the output of P and N-type cells both showed a downward trend, weakening the momentum of wafer demand. According to the current production schedule of the wafer pulling plant, the inventory pressure of n-type silicon wafers was relatively high this month, and its first-class trend at the end of the month may be dragged down by the intensification of oversupply and operate weakly. In the context of the improvement of the current supply-demand relationship, there may be a wave of concentrated demand after the holiday
Cells. This week, cells** remained stable; The mainstream transaction price of M10 cells is 0At RMB 380 W, the mainstream transaction price of G12 cells is 0380 yuan W, M10 monocrystalline TOPCon battery people** is 046 yuan W, G12 monocrystalline TOPCon battery people** is 0$49 w.
On the supply side, cell output fell by nearly 15% month-on-month due to factors such as holidays and power cuts. Cell makers have taken obvious actions to sell their products, and "continue the N-type operation and stop the production of the P-type" has been the common production strategy of the manufacturers this month. From the perspective of n-type, affected by the sluggish terminal demand, although manufacturers continue to start n-type, they only maintain part of the production line production, mainly to debug the production line and introduce advanced technology to ensure that the output efficiency continues to be optimized. On the demand side, module makers have generally lowered their utilization rates due to poor visibility of orders, and their demand for cells is limited, making it difficult to form strong support. It is expected that p-type cells will be revised upwards slightly after the festival due to better demand, while n-type cells will be refreshed due to exhaustive demand.
Subassembly. This week, modules** remained stable, with the mainstream transaction price of 182 monofacial mono PERC modules at 0RMB 93 W, the mainstream transaction price of 210 monofacial mono PERC modules is 095 yuan W, the transaction price of 182 bifacial double-glass monocrystalline PERC modules is 094 yuan W, the mainstream transaction price of 210 bifacial double-glass monocrystalline PERC module is 0$97 w.
On the supply side, module manufacturers' production schedules dropped sharply this month, rising to nearly 20% month-on-month due to the weaker off-season. Leading manufacturers generally stopped production for 1 week, while specialized manufacturers stopped production for half a month without order support. On the demand side, large-scale domestic projects have basically suspended trading; Overseas, except for the demand for 330 in India, the European market has not yet improved. According to the recent trend of bidding and bidding, the current module ** involution is serious, and this year's N and P type alternately plus ** involution is white-hot, and the players in the field may be cleared on a large scale.