光伏周价格 | 光伏产业链挺价态势明确，二季度有望迎来全线顺价行情

Core Viewpoint - The article discusses the current trends in the photovoltaic industry, highlighting price stability in polysilicon and silicon wafers, while noting challenges in the module segment due to weak demand [4][7][8]. Group 1: Polysilicon Prices - Polysilicon prices have been supported by favorable policies, with manufacturers showing a strong stance on price increases, raising quotes to 65 RMB/kg, although actual transactions remain in the 51-53 RMB/kg range [4]. - The industry is expected to enter a phase of price stabilization, with a trend of gradual increases anticipated as excess capacity is digested [4][5]. Group 2: Silicon Wafer Market - The inventory of silicon wafers has dropped to below 15 GW, prompting manufacturers to adopt a "warehouse closure and price increase" strategy [5]. - Despite manufacturers' expectations of price increases of up to 0.3 RMB/W, actual market acceptance may limit short-term price hikes, although a minimum increase of 0.05 RMB/W is anticipated [6]. Group 3: Battery Cell Pricing - A significant price surge has occurred in the battery cell segment, with leading manufacturers halting low-price orders below 0.3 RMB/W, pushing prices up to 0.32 RMB/W [7]. - The market is currently in a critical observation phase, with expectations that prices will stabilize above 0.3 RMB/W following an industry self-discipline meeting [7]. Group 4: Module Pricing - Despite weak end-user demand, major manufacturers like Longi have initiated price increases of 0.04 RMB/W to guide market prices upward [8]. - The module segment is expected to experience price recovery in the second quarter as upstream cost pressures are fully transmitted, moving away from the current loss-making zone [8].