PVinsights : Polysilicon price goes up over 5% this week.

Polysilicon prices experience a sharp increase this week. Chinese polysilicon makers have been raising their prices since the announcement of the Chinese polysilicon antidumping case.

Polysilicon prices experience a sharp increase this week. Chinese polysilicon makers have been raising their prices since the announcement of the Chinese polysilicon antidumping case. However, the price hike has not taken much effect until recently. Due to the new policy from the Chinese customs, any imported polysilicon needed to provide a certificate of its manufacturing origin. Without the certificate, the imported polysilicon will be imposed the highest antidumping rate at 57%. Even for polysilicon that is imported for processing to export, without the certificate, polysilicon buyers still need to pay the upfront security deposit and reclaim the deposit later by evidence of export. As a consequence, some imported polysilicon has been stuck at the customs waiting for clearance causing some shortage and price hike for PV grade polysilicon. On the other hand, demand for Chinese 2nd grade polysilicon also increase since wafer demand remains quite solid in China. Consequently, 2nd grade polysilicon price is also on the rise this week.

Both mono and multi wafer price decline this week. Some Chinese major wafer makers intend to raise their multi wafer prices in order to reflect the increasing polysilicon cost. However, cell prices are still on the decline pressuring any wafer price rebound. As for mono wafer, the price drop reflects weaker EU demand. As the EU market shrinks, solar companies look for emerging markets where low price requirement outweighs better efficiency performance. Therefore, demand for mono product drops pressuring mono wafer prices.

Multi cell price continues to fall moderately this week, since overall cell demand is impacted by European market shrinkage. Non-China cells price is subject to more price correction in Europe compared to Chinese cell makers, who could supply cells to EU customers at cheap price, without adding high anti-dumping tariffs cost. Additionally, cell price resistance on non-China remains in emerging markets, where the module makers still attempt to reduce cost to maintain attractive IRR for investors. As for mono cells, mono cell price continues to drop so as to reflect mono wafer price drop.

Multi module prices lifts up this week, driven by the price increase from the impact of the guarantee price in China-made modules shipped to Europe. Due to the possible guarantee price of 0.56 Euro per watt, major Chinese module makers are tuning up the price in Europe, which push up the overall price level slightly this week. On the other hand, mono module price continues to drop this week due to higher price than the minimum price.

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