PVinsights : Polysilicon price performed an obvious uptrend this week.

Solar companies are forced to accept the polysilicon price increase. In addition, first tier polysilicon companies have not completely resumed production. Limited polysilicon supply adds to the polysilicon price uptrend this week.

Both PV and 2nd grade polysilicon price rise dramatically this week. Although downstream solar component pricing is facing increasing price cut pressure, solar companies still maintain high utilization under solid demand. As such, solar companies are forced to accept the polysilicon price increase. In addition, first tier polysilicon companies have not completely resumed production. Limited polysilicon supply adds to the polysilicon price uptrend this week.

Multi and mono wafer price remain stable this week. Although wafer companies intend to raise their prices with increasing polysilicon cost, price cut pressure from the downstream hinder further price increase for both Taiwanese and Chinese wafer companies. With cell company high utilizations, demand for wafers is still solid supporting the current wafer price level.
Solar cell also maintains stable pricing this week. Despite the establishment of the US antidumping case against Taiwanese cells, Chinese module companies continue placing orders for cell delivery before the preliminary verdict of the case in late Mar. In addition, demand for Chinese and Taiwanese cells from Japan remains stable. Although cell demand remains solid, overall cell pricing is maintained at the current level due to price cut pressure from modules.
Solar modules continue experiencing price downtrend this week with Chinese solar companies cutting prices domestically and in Japan. In China, Golden sun project is coming to an end while distributed PV awaits new deployment. Slower demand in China pressures module pricing in the country. On the other hand, Chinese solar companies continue cutting prices in Japan as the country enters FIT adjustment in Apr. As such, overall module price drops this week.

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