PVinsights : Despite cell and module price drop, upstream solar component pricing is still on the rise

Chinese polysilicon players continue pushing up their prices this week in expectation of an overall polysilicon price level increase when the Chinese government announces the ruling of its polysilicon antidumping case.


Chinese polysilicon players continue pushing up their prices this week in expectation of an overall polysilicon price level increase when the Chinese government announces the ruling of its polysilicon antidumping case. Solar players in China are expecting an Aug ruling announcement after the EU and China finish their 2 months negotiation from Jun. Similar price uptrend occurred in the beginning of 2013 when Chinese solar players expected the government to announce the polysilicon antidumping case in late Feb. On the other hand, PV grade polysilicon follows the 2nd grade polysilicon price uptrend. As such, PV and 2nd grade poly both experience price increase this week.

Multi wafer prices improve moderately this week mainly due to some price increase in non-China regions. Seeing the previous price uptrend of non-Chinese solar cells, wafer companies also aim to raise their prices. Despite the effort, wafer prices in non-China region only experience limited increase. On the other hand, Chinese wafer companies still maintain stable pricing strategy despite the recent polysilicon price increase. As for mono wafers, their prices decrease this week due to the mono cell price downtrend. With the recent Japanese yen depreciation, Japanese solar companies demand price cut for mono cells since their purchasing ability is deteriorating. As such, mono cell prices decrease this week affecting mono wafer pricing.

Multi cell prices also continue the price downtrend this week. Before the EU antidumping case announcement, non-Chinese cell companies enjoyed consecutive price increases. However, as the EU duty turns out to be much lower than previously expected, pressure for price correction increases for non-Chinese cell companies. Therefore, overall cell price decline this week.

Module prices drop moderately this week due to price cut in EU and Japan. System developers in EU are looking for cheap solar components in order to obtain higher return on their projects with decreasing FIT incentives. Moreover, with the approaching quarter end, solar companies try to clear their inventory by cutting prices. As such, module prices in EU are dropping. On the other hand in Japan, Chinese module companies are cutting their prices in order to gain market share. With trade disputes between EU and China, many Chinese module makers shift their focus of sales to Japan. In order to gain market share, many module companies are cutting their prices to be more attractive for buyers. Therefore, overall module prices decrease this week.

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