光伏周价格 | 光伏产业链积极报涨，月内价格将有所抬升

Core Viewpoint - The article provides a comprehensive overview of the current pricing trends and market dynamics within the photovoltaic (PV) industry, highlighting stability in prices across various segments while indicating potential future price adjustments due to supply and demand factors [5][9][10]. Pricing Trends - The prices for N-type polysilicon remain stable, with mainstream transaction prices reported at 34.5 RMB/KG for N-type re-investment material, 32.0 RMB/KG for N-type dense material, and 31.5 RMB/KG for N-type granular silicon [5]. - In the silicon wafer segment, the mainstream transaction prices are 0.88 RMB/piece for N-type M10 wafers, 1.20 RMB/piece for N-type G12 wafers, and 1.00 RMB/piece for N-type G12R wafers [9]. - For battery cells, the mainstream transaction prices are 0.225 RMB/W for M10 single crystal TOPCon cells and 0.245 RMB/W for both G12 and G12R single crystal TOPCon cells [13]. - In the module segment, the mainstream transaction prices are 0.67 RMB/W for 182mm double-sided double-glass TOPCon modules and 0.72 RMB/W for 210mm double-sided double-glass HJT modules [17]. Supply and Demand Dynamics - The polysilicon industry is experiencing a supply-demand imbalance, with an inventory level exceeding 370,000 tons, indicating upward pressure on inventory due to increased production and reduced downstream procurement [7][8]. - The silicon wafer manufacturers are reducing production to stabilize inventory levels, with a consensus among manufacturers to maintain healthy inventory levels following previous overproduction experiences [10][11]. - In the battery cell segment, there is a notable increase in inventory pressure due to insufficient production cuts, leading to a clear accumulation trend [16]. Market Sentiment - Polysilicon manufacturers are showing a strong determination to maintain prices despite the current market conditions, with some attempting to raise prices in response to inventory pressures [6][9]. - The atmosphere for price increases in the silicon wafer segment is growing, with leading manufacturers reportedly raising prices while others follow suit [10][19]. - The demand for components in overseas markets is fluctuating, with European prices declining due to low-cost imports, while Indian prices are slightly increasing due to government projects [20].