光伏周价格 | 3月产业链排产回升，组件价格呈V型反弹

Core Viewpoint - The article provides a comprehensive overview of the current pricing trends and dynamics within the photovoltaic (PV) industry, highlighting stability in prices across various segments and potential upward movements in the future due to supply-demand dynamics [4][24]. Silicon Material Segment - The mainstream transaction prices for N-type recycled silicon are at 40 RMB/KG, N-type dense silicon at 38 RMB/KG, and N-type granular silicon also at 38 RMB/KG [6]. - The overall transaction volume remains low as companies are in the negotiation phase, with some manufacturers considering price increases, but downstream acceptance is low [7]. - Current silicon material inventory levels have decreased to the range of 250,000 to 260,000 tons, driven by factors such as futures registration and increased downstream demand [8]. - Under the consensus of self-discipline in production cuts, silicon material companies are maintaining low operational levels compared to the same period last year, leading to expectations of stable prices [10]. - Prices have stabilized this week, with a potential for gradual increases in the future, although the impact of futures on prices remains a consideration [11]. Silicon Wafer Segment - The mainstream transaction prices for P-type M10 wafers are at 1.10 RMB/piece, P-type G12 at 1.65 RMB/piece, N-type M10 at 1.18 RMB/piece, and N-type G12 at 1.55 RMB/piece [13]. - In March, wafer production has slightly increased to the range of 50-51 GW, with leading manufacturers remaining cautious in their production strategies due to self-discipline production cuts [14]. - The demand for 210RN wafers has increased, leading to price support, while other models remain stable [15]. Battery Cell Segment - The mainstream transaction prices for M10 battery cells are at 0.330 RMB/W, G12 at 0.270 RMB/W, and both M10 and G12 single crystal TOPCon cells at 0.290 RMB/W [17]. - Battery cell production in March has increased by approximately 22% month-on-month, driven by a small peak in installations expected in Q2, with total production in the range of 54-55 GW [18]. - The price of 210RN cells has increased due to tight supply conditions [19]. Module Segment - The mainstream transaction prices for 182mm single-sided PERC modules are at 0.69 RMB/W, 210mm single-sided PERC modules at 0.70 RMB/W, and 182mm double-sided double-glass PERC modules at 0.70 RMB/W [21]. - In March, module production is expected to increase due to favorable factors such as the "New 531" policy and the traditional overseas peak season, with domestic demand in the ground and distributed segments beginning to develop [22]. - Module prices have remained stable, with an increasing number of manufacturers reporting price hikes, indicating a potential shift towards a buy-up atmosphere in the module segment [23].