PVinsights:Weak demand in China pressures polysilicon pricing down in late April.

as some wafer companies reduce production utilization, polysilicon demand drops adding to polysilicon price cut pressure. On the other hand, polysilicon traded outside of China remains rather stable under constant demand.

Overall module price remains stable this week. In China, as system deployment remains weak, module prices stay constant. While in Japan, system developers request for lower module prices due to the FIT cut in Apr. On the other hand, Chinese module makers raise prices in the US to reflect higher Taiwanese cell costs. Therefore, balancing module prices worldwide, overall module price stays stable this week.

Overall cell price remains on the downtrend this week. Chinese cell companies face increasing price cut pressure as domestic module demand remains weak. Due to the US antidumping case, many Chinese module companies try finishing up projects in the US before the antidumping ruling announcement in Jun. Therefore, Chinese module companies procure more Taiwanese and Korean cells to assemble modules for US export. Chinese cell demand is negatively impacted. In addition, some second tier Chinese cell companies are cutting prices aggressively in order to grab market share. As such, overall multi cell pricing drop this week. Mono cell price also decreases this week due to the pricing downtrend in Japan.
Multi wafer price drops this week. In China, weak cell demand adds pressure to wafer pricing. Some Chinese cell companies lower wafer purchasing with increasing inventory on hand. While wafer companies in China are also accumulating inventory under weak sales that some reduce production utilization to adjust inventory level. In Taiwan, wafer companies still intend to keep prices above $1/piece while cell companies target lower pricing. As such, multi wafer faces increasing price cut pressure this week. On the other hand, although mono demand remains solid; mono wafer price moderately drop this week. Negatively impacted by the polysilicon pricing downtrend, mono wafer experiences some pricing pressure. In addition, since mono solar cell and module pricing declines, mono wafer face further price cut pressure.
Polysilicon prices decline this week due to pricing downtrend in China. Spot polysilicon prices are also negatively impacted by the multi wafer price downtrend. In addition, as some wafer companies reduce production utilization, polysilicon demand drops adding to polysilicon price cut pressure. On the other hand, polysilicon traded outside of China remains rather stable under constant demand.

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