【安泰科】单晶硅片周评--原料价格上行 带动硅片价格跳涨（2025年7月17日）

Group 1 - The price of silicon wafers has started to rise significantly this week, with N-type G10L monocrystalline wafers averaging 1.05 yuan per piece, up 22.09% week-on-week; N-type G12R wafers at 1.15 yuan, up 15.00%; and N-type G12 wafers at 1.35 yuan, up 13.45% [1] - The main reasons for the increase in silicon wafer prices are the continuous rise in silicon material prices and an improvement in the supply-demand relationship for silicon wafers. The price of polysilicon has been rising due to policies affecting the industry, which has led to an increase in wafer prices [1] - Silicon wafer manufacturers have begun to implement production reduction and load reduction plans this month, leading to a decrease in industry supply and providing strong motivation for price increases as inventory levels drop [1] Group 2 - Downstream battery prices have slightly increased, with mainstream battery prices at 0.24-0.25 yuan per watt, up 0.01 yuan week-on-week, while module prices remain stable at 0.65-0.66 yuan per watt [2] - Although terminal demand has not shown significant improvement, rising silicon material prices driven by policy factors are expected to transmit to downstream segments [2] - Silicon wafer companies have reached a preliminary consensus on new pricing, with expected prices for N-type G10L at 1.45 yuan per piece, N-type G12R at 1.65 yuan, and N-type G12 at 1.93 yuan, with leading silicon wafer manufacturers holding back inventory in anticipation of price increases [2]