PVinsights: Strom is brewing in solar market

The price correction of multi-crystalline wafer has enlarged this week as the demand drops noticeably. Yet capacity expansion from the 2nd and 3rd tier multi-crystalline wafer makers comes on stream recently, making the price of multi-crystalline wafer further depressed. Moreover, multi-crystalline wafer prices are also forced to comply with bigger correction in response to the deteriorating demand and prices of multi-crystalline cells. Similarly, the demand of mono-crystalline wafer also sees signs of faltering, due to the expanded price gap with multi-crystalline wafer and the weakening downstream demand.

The price correction of multi-crystalline wafer has enlarged this week as the demand drops noticeably. Yet capacity expansion from the 2nd and 3rd tier multi-crystalline wafer makers comes on stream recently, making the price of multi-crystalline wafer further depressed. Moreover, multi-crystalline wafer prices are also forced to comply with bigger correction in response to the deteriorating demand and prices of multi-crystalline cells. Similarly, the demand of mono-crystalline wafer also sees signs of faltering, due to the expanded price gap with multi-crystalline wafer and the weakening downstream demand. In order to maintain the market shares, some major mono-crystalline wafer makers have adopted the strategy to keep the price gap with multi-ones to be limited within a certain range. Hence, as multi-crystalline wafer price drops more drastically this week, mono-crystalline wafer price also follows the drop to ensure its competitiveness.


Multi-crystalline cell price closes at record low this week as speculation the demand weakening intensifies and the increasing inventories also flags the worries about global oversupply. The demand of solar cell freezes as Chinese cell buyers have hinted at increased control over inventory adjustment, lower outsourcing manufacturing would sharply curtail the procurement of solar cell in July. Moreover, the price downtrend also spill over from China and Taiwan to overseas as Chinese module makers also scale back the orders from manufacturing facilities at overseas. On the other hand, mono-crystalline cell price extends the slump this week as downstream demand falters. Furthermore, along with global demand slow down, mono-crystalline cell makers offer further price reduction in attempts to curtail the outstanding price difference between mono-crystalline and multi-crystalline cells.

Solar panel prices extend losses this week, as the global demand cools down. In China, solar panel prices are under great pressures, as Chinese module makers are selling off accumulated stockpiles amid the waning demand. Meanwhile, aiming to achieve its shipment target for the current quarter, Chinese module makers also leverage price competition intensively in the US market through the trade-friendly capacities, hampering the solar panel prices in the US regardless of the solid demand. In EU, solar panel prices have seen correction during the Intersolar EU. In Japan, due to the weakness of domestic demand, major module suppliers have no intention to lower prices to stimulate the demand. On the other hand, the demand in India remains solid, yet the fierce price competition between local and foreign module makers continues to push solar panel price down. Therefore, the global demand weakness and intensive price competition drive the overall solar panel price down this week.

The polysilicon price in China has witnessed an enlarged correction this week, as the suppliers intensify their worries over the weakening demand. Moreover, amid speculation on further price reduction, polysilicon buyers also intend to be more conservative on their procurements. Meanwhile, outside of China, polysilicon prices are also hampered as leading suppliers Wacker and REC increase their production output from the US. Especially for Wacker with the production ramping up in the factory in the US, there are more polysilicon supply floods into the spot market, pressuring the polysilicon spot price. Hence, the overall polysilicon price plummets this week due to the weak downstream demand and the increased supply by major polysilicon manufacturers.

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