【通威股份】Mysteel日报：成本传导失效叠加淡季效应 硅片全尺寸价格承压

Group 1: Polysilicon Market - Polysilicon prices remain strong, supported by the establishment of platform companies and ongoing market speculation, with a significant reduction in supply expected in December [1][6] - Polysilicon companies are expected to strictly adhere to self-discipline in pricing, with strong price support sentiment [1][6] - The market is experiencing low transaction volumes due to high inventory levels in downstream sectors and declining demand, leading to poor procurement willingness for silicon materials [1][6] Group 2: Wafer Market - The wafer market continues to see a downward price trend, with significant pressure from high inventory levels and weak demand [7][8] - The average price for 183N wafers has dropped to 1.2 yuan per piece, with urgent orders reported at even lower prices [8] - Despite some companies initiating production cuts due to losses, the simultaneous reduction in capacity in the downstream battery segment has failed to effectively balance supply and demand [8] Group 3: Battery Cell Market - The battery cell market is characterized by weak supply and demand, leading to overall downward price pressure [9] - Prices for various battery cell sizes have decreased, with average transaction prices around 0.28 yuan per watt for M10 and G10L cells [9] - Manufacturers are increasing production cuts in response to losses, but the overall market remains pessimistic regarding future demand [9] Group 4: Photovoltaic Module Market - The photovoltaic module market is experiencing a downturn, with seasonal demand declines and low visibility for new orders [10] - Despite price reductions in upstream silicon and battery sectors, module prices have slightly decreased to a range of 0.65-0.68 yuan per watt [10] - High-power modules are still supported by structural demand, particularly from large-scale procurement projects [10] Group 5: Inverter Market - The inverter market shows stable pricing for various capacities, with prices ranging from 0.12 to 0.20 yuan per watt depending on the inverter size [11]