Core Viewpoint - The article provides an overview of the current pricing trends and supply-demand dynamics in the photovoltaic industry, highlighting stability in prices across various segments despite underlying pressures from supply increases and demand fluctuations [4][7][12]. Pricing Overview - The prices for various types of polysilicon remain stable, with N-type recycled material at 45.0 RMB/KG, N-type dense material at 43.0 RMB/KG, and N-type granular silicon at 42.5 RMB/KG [4]. - The average prices for silicon wafers are reported as follows: N-type M10 at 1.20 RMB/piece, N-type G12 at 1.55 RMB/piece, and N-type G12R at 1.35 RMB/piece [8]. - For battery cells, the main transaction prices are M10 at 0.295 RMB/W, G12 at 0.285 RMB/W, and G12R at 0.285 RMB/W [11]. - The prices for modules are reported as 0.67 RMB/W for 182mm TOPCon double-glass modules and 0.72 RMB/W for 210mm HJT double-glass modules [14]. Supply and Demand Dynamics - The overall inventory of polysilicon manufacturers is approximately 290,000 tons, with expectations of rising to over 400,000 tons by the end of August due to new capacity coming online [6][7]. - Demand for polysilicon is currently weak, which may limit the absorption of increased production capacity, leading to supply-demand imbalances [7]. - In the silicon wafer segment, the supply-demand structure is shifting positively, particularly for the 183N specification, while the 210RN faces pressure due to increased production and weak downstream demand [9][10]. - Battery cell inventories have decreased to around 8 GW, but there is a risk of re-accumulation due to declining downstream demand [13]. Price Trends - Prices for N-type polysilicon are expected to remain stable in the short term, but increasing production may introduce uncertainties [8]. - Silicon wafer prices are supported by strong overseas demand, although they may face pressure from the cancellation of export tax rebates [11]. - In the module segment, while first-tier manufacturers are raising prices, actual transaction prices remain in the range of 0.65-0.70 RMB/W [16]. Regional Demand Insights - In Europe, module prices continue to decline amid low installation enthusiasm during the summer holiday [17]. - In India, DCR module prices remain stable, but rising import battery prices may affect local pricing [17]. - In the U.S., FOB product prices are currently stable [17].

Core Viewpoint - The article discusses the recent price trends and market dynamics in the photovoltaic (PV) industry, highlighting fluctuations in prices across various segments such as polysilicon, silicon wafers, battery cells, modules, and glass, while indicating a cautious outlook for future pricing and supply-demand balance [2][4][6][8][10][12][14][17]. Polysilicon Segment - The mainstream transaction prices for N-type polysilicon are reported as follows: N-type re-investment material at 45.0 RMB/KG, N-type dense material at 43.0 RMB/KG, and N-type granular silicon at 42.5 RMB/KG [4]. - New orders are limited, with prices ranging from 45 to 49 RMB/KG, while overall average prices for mixed packages are between 43 to 45 RMB/KG [5]. - The total inventory of polysilicon manufacturers is approximately 285,000 tons, with some manufacturers beginning to ship to spot traders to alleviate inventory pressure [6]. - In August, the overall supply of polysilicon is expected to be 126,000 tons, driven by increased production from leading manufacturers [7]. Silicon Wafer Segment - The mainstream transaction prices for silicon wafers are as follows: N-type M10 at 1.20 RMB/piece, N-type G12 at 1.55 RMB/piece, and N-type G12R at 1.35 RMB/piece [8]. - The production schedule for silicon wafers in August is cautious, adhering to a production control strategy, with overall output not significantly increasing despite some manufacturers raising production [9]. - Current silicon wafer inventory has decreased to around 16 GW, with strong overseas demand for 183N specifications aiding in inventory reduction [9]. Battery Cell Segment - The mainstream transaction prices for battery cells are reported as follows: M10 single crystal TOPCon at 0.295 RMB/W, G12 single crystal TOPCon at 0.285 RMB/W, and G12R single crystal TOPCon at 0.285 RMB/W [10]. - The supply for battery cells is in the range of 57-58 GW, with a slight month-on-month increase of 0.8%, and manufacturers are maintaining flexible production to match actual demand [11]. - As of this week, specialized battery cell companies have seen inventory decrease to around 5 days, indicating a balanced supply-demand situation [12]. Module Segment - The mainstream transaction prices for modules are as follows: 182 mm double-sided double-glass TOPCon at 0.67 RMB/W and 210 mm double-sided double-glass HJT at 0.72 RMB/W [13]. - The monthly production is estimated at 53 GW, with a slight increase, but overall order visibility remains low, leading to challenges in pricing due to upstream cost pressures [14]. - New orders are being adjusted upwards, with leading manufacturers raising prices to 0.70 RMB/W and above, although actual transaction prices remain in the 0.65-0.70 RMB/W range [15]. Glass Segment - The mainstream transaction prices for photovoltaic glass are reported as follows: 2.0 mm double-layer coated at 12.0 RMB/m², 3.2 mm double-layer coated at 18.5 RMB/m², and 2.0 mm back glass (excluding processing fees) at 11.0 RMB/m² [16]. - The industry is experiencing a continuous contraction in supply, with several production lines expected to reduce output, while downstream module manufacturers are stockpiling for the upcoming peak season [17].

Core Viewpoint - The article discusses the recent price trends and dynamics in the photovoltaic (PV) industry, highlighting the fluctuations in prices of polysilicon, silicon wafers, battery cells, and modules, as well as the supply-demand balance and inventory levels across different segments of the industry [5][10][12]. Polysilicon Segment - The main transaction prices for N-type polysilicon are reported as 43.0 RMB/KG for re-investment materials, 41.0 RMB/KG for dense materials, and 41.0 RMB/KG for granular silicon [5]. - The price increase in polysilicon is driven by successful price adjustments in silicon wafers, although the increase is narrowing compared to previous weeks [6]. - The current inventory in the polysilicon industry is over 380,000 tons, with expectations of an upward trend in August [7]. - The overall supply of polysilicon is projected to be in the range of 120,000 to 125,000 tons in August, with new capacities expected to come online [8]. - There is a strong expectation for production recovery due to price corrections, but potential market saturation could pose challenges [9]. - N-type polysilicon prices have increased again, but the growth rate is slowing, with ongoing support from policy expectations [10]. Silicon Wafer Segment - The main transaction prices for N-type silicon wafers are reported as 1.20 RMB/piece for M10, 1.55 RMB/piece for G12, and 1.35 RMB/piece for G12R [11]. - Silicon wafer manufacturers are controlling production to maintain supply-demand stability, which supports price increases [12]. - Current silicon wafer inventory has decreased significantly to around 16 GW, alleviating inventory pressure and enhancing bargaining power [13]. - All specifications of silicon wafers have seen price increases, driven by upstream supply constraints and strong overseas demand for battery cells [14]. Battery Cell Segment - The main transaction prices for N-type battery cells are reported as 0.285 RMB/W for M10, and 0.280 RMB/W for both G12 and G12R [15]. - Strong demand from regions like Turkey and Pakistan is noted, influenced by changes in tariff policies, while domestic demand is also rising due to expectations of export tax refunds [16]. - The inventory of specialized battery cell companies has decreased to around 5 days, indicating a balanced supply-demand situation [17]. - The price increase in battery cells is successfully transmitted due to domestic and international stocking activities, but future sustainability depends on export tax policies and overseas demand [18]. Module Segment - The main transaction prices for modules are reported as 0.67 RMB/W for 182mm TOPCon modules and 0.72 RMB/W for 210mm HJT modules [19]. - Leading manufacturers are experiencing better order visibility, while smaller manufacturers face challenges in securing orders, leading to price reductions [20]. - Major manufacturers are attempting to maintain prices despite rising upstream costs, but the outcome remains uncertain due to ongoing negotiations [21]. - In Europe, module prices have continued to decline, while in India and the US, price stability is observed amidst changing tariff regulations [22].

Core Viewpoint - The article highlights the recent price increases across various segments of the photovoltaic industry, particularly in polysilicon, silicon wafers, battery cells, and modules, driven by supply-demand dynamics and cost recovery efforts [5][10][19]. Polysilicon Segment - The mainstream transaction prices for N-type polysilicon are reported at 42.0 RMB/KG for re-investment materials, 40.0 RMB/KG for dense materials, and 40.0 RMB/KG for granular silicon [5]. - The overall transaction prices for polysilicon have stabilized around 40 RMB/KG, with an increase in acceptance of price hikes by crystal pulling factories [6]. - As of this week, the polysilicon industry inventory stands at over 370,000 tons, gradually shifting towards crystal pulling factories due to prior stockpiling by specialized silicon wafer manufacturers [7]. - Looking ahead to August, with rising polysilicon prices, some second and third-tier manufacturers in Xinjiang and Qinghai may prepare to resume production, while leading manufacturers also plan to increase output [8][9]. Silicon Wafer Segment - The mainstream transaction prices for N-type silicon wafers are reported at 1.10 RMB/piece for M10, 1.45 RMB/piece for G12, and 1.25 RMB/piece for G12R [10]. - The silicon wafer manufacturers have reduced their operating rates, leading to a balanced supply-demand relationship and noticeable inventory depletion [11]. - Manufacturers with significant low-cost silicon material stock are experiencing profit recovery, and some plan to increase production next month [12]. - The inventory of silicon wafers has entered a depletion phase, with most manufacturers adhering to guided pricing [13]. Battery Cell Segment - The mainstream transaction prices for M10 single crystal TOPCon battery cells are at 0.27 RMB/W, while G12 and G12R cells are at 0.275 RMB/W [16]. - The price increase of 18% for 183N cells is attributed to rising overseas demand, while the price transmission from upstream to downstream remains slow due to intense negotiations [17]. - As of this week, specialized battery cell manufacturers have seen a decrease in inventory, indicating a balanced supply-demand situation [18]. - The price increase for N-type battery cells has been successfully transmitted, but future sustainability depends on the price transmission from modules [19]. Module Segment - The mainstream transaction prices for 182mm double-sided double-glass TOPCon modules are at 0.67 RMB/W, and for 210mm double-sided double-glass HJT modules at 0.72 RMB/W [20]. - Leading manufacturers are maintaining a favorable order intake, while second and third-tier manufacturers face challenges in securing orders, leading to price reductions [21]. - There is an expectation of a gradual price increase of 0.02-0.03 RMB/W from leading manufacturers, while second and third-tier manufacturers are also slightly following suit [22]. - The cost transmission and export tax rebate policies are anticipated to facilitate smoother price adjustments in overseas markets compared to domestic ones [23].

Core Viewpoint - The article discusses the recent price trends and dynamics in the photovoltaic (PV) industry, highlighting a general decline in prices across various segments, including polysilicon, wafers, cells, and modules, due to supply-demand imbalances and inventory pressures [2][3][21]. Polysilicon Segment - The mainstream transaction prices for N-type polysilicon are reported at 38 RMB/KG for re-investment material, 36 RMB/KG for dense material, and 34.5 RMB/KG for granular silicon [5][6]. - The trading volume of polysilicon remains low as downstream demand is insufficient to stimulate purchasing, leading to a cautious procurement approach [6][9]. - Inventory levels have increased, surpassing 300,000 tons, prompting manufacturers to consider production cuts to alleviate price pressures [8][9]. Wafer Segment - The mainstream transaction prices for N-type wafers are 0.95 RMB/piece for M10, 1.30 RMB/piece for G12, and 1.10 RMB/piece for G12R [11]. - Wafer prices have been declining for several weeks, forcing some manufacturers to adjust their operating rates, but this has not significantly impacted the overall market [12][14]. - Inventory levels are around 20 GW, with a high proportion of 183N and 210RN wafers, indicating a shift in demand structure [13]. Cell Segment - The mainstream transaction prices for N-type cells are 0.260 RMB/W for M10, 0.280 RMB/W for G12, and 0.260 RMB/W for G12R [16]. - Manufacturers are initiating production cuts to maintain prices, but the supply-demand balance remains tight, particularly for 183N cells [16][17]. - Inventory pressure is relatively light compared to other segments, with stable turnover days [17]. Module Segment - The mainstream transaction prices for modules are 0.68 RMB/W for 182mm TOPCon and 0.84 RMB/W for 210mm HJT [18]. - Demand for high-power modules is supported by short-term factors, while low-power products face intense competition [19]. - Prices for concentrated and distributed projects have stabilized, but overall market conditions suggest limited potential for price recovery without significant upstream production cuts [20].

Core Viewpoint - The article discusses the recent price trends and market dynamics in the photovoltaic (PV) industry, highlighting a downward pressure on prices across various segments including silicon materials, wafers, cells, and modules due to reduced demand and increased inventory levels [4][5][6][8][10][15][19]. Silicon Material Prices - The mainstream transaction prices for N-type silicon materials are reported as follows: N-type recycled material at 39 RMB/KG, N-type dense material at 37 RMB/KG, and N-type granular silicon at 35.5 RMB/KG [4][8]. - The trading volume for silicon materials remains low, with many manufacturers reluctant to accept prices below production costs [5]. - Silicon material output in May is estimated to be between 45.0-45.5 GW, with a rising inventory level leading to weakened production intentions among manufacturers [6][8]. Wafer Prices - The mainstream transaction prices for N-type wafers are: N-type M10 at 1.02 RMB/piece, N-type G12 at 1.32 RMB/piece, and N-type G12R at 1.15 RMB/piece [10]. - Wafer production is projected to be between 56-57 GW, reflecting a month-on-month decrease of approximately 9.0%, with manufacturers adopting a cautious approach due to reduced end-user demand [10][11]. Cell Prices - The mainstream transaction prices for N-type cells are: M10 at 0.265 RMB/W, G12 at 0.280 RMB/W, and G12R at 0.265 RMB/W [14]. - Monthly production is estimated at 60-61 GW, down about 7.0% from the previous month, with some manufacturers reducing output in response to declining demand [15][16]. Module Prices - The mainstream transaction prices for modules are: 182mm single-sided PERC at 0.69 RMB/W, 210mm single-sided PERC at 0.70 RMB/W, and 182mm double-sided TOPCon at 0.72 RMB/W [18]. - Module production is expected to be between 60-61 GW, down approximately 10.4% month-on-month, with low order continuity affecting the market [19][20].

周价格表 更新日期: 2025/4/23 | 多晶硅 (Per KG) | 高点 | 低点 | 均价 | 涨跌幅 | | --- | --- | --- | --- | --- | | N型复投料(RMB) | 44.000 | 38.000 | 40.000 | -2.44% | | N型致密料(RMB) | 41.000 | 36.000 | 38.000 | -5.00% | | N型颗粒硅(RMB) | 38.000 | 36.000 | 37.000 | -2.63% | | 非中国区多昌娃(USD) | 22.000 | 13.100 | 18.500 | -1.07% | | 硅片 (Per pc) | 高点 | 低点 | 均价 | 涨跌幅 | | N型183单晶硅片-183mm/130pm (RMB) | 1.150 | 1.080 | 1.100 | -10.57% | | N型210单晶硅片-210mm/130pm (RMB) | 1.500 | 1.400 | 1.450 | -3.33% | | N型210R单晶硅片-210*182mm/130µm (RMB) | 1.350 | 1. ...

Core Viewpoint - The article provides a comprehensive overview of the current pricing trends and supply-demand dynamics in the photovoltaic (PV) industry, highlighting stability in prices across various segments despite external pressures and market fluctuations [4][20]. Silicon Material Segment - The mainstream transaction prices for N-type re-investment material and N-type dense material are 41 RMB/KG and 40 RMB/KG respectively, while N-type granular silicon is priced at 38 RMB/KG [6]. - Transaction volumes for silicon materials are low, with downstream players maintaining a wait-and-see attitude, although there is still support from downstream demand [7]. - April's estimated polysilicon production is around 103,000 tons, with manufacturers continuing to implement production control strategies to support prices, despite having approximately 250,000 to 260,000 tons of inventory [8]. - Prices for N-type re-investment and dense materials remain stable, with downstream demand for crystal pulling being robust, leading to a maintained inventory reduction mode [9]. Silicon Wafer Segment - Mainstream transaction prices for P-type M10 wafers are 1.10 RMB/piece, while P-type G12 wafers are priced at 1.65 RMB/piece. N-type M10 and G12 wafers are priced at 1.27 RMB/piece and 1.55 RMB/piece respectively [11]. - The recent earthquake in Myanmar has impacted the crystal pulling facilities in Yunnan, with an estimated effect of 3-5 GW, leading to a revised production forecast of 60-62 GW for the month. Demand for wafers remains strong, particularly for 183N and 210RN wafers, resulting in a rapid decrease in inventory levels [12]. - Prices for 183N and 210RN wafers have continued to rise, reaching 1.27 RMB and 1.53 RMB per piece respectively [13]. Battery Cell Segment - Mainstream transaction prices for M10 battery cells are 0.330 RMB/W, while M10 single crystal TOPCon and G12 single crystal TOPCon battery cells are both priced at 0.305 RMB/W. G12R single crystal TOPCon battery cells are priced at 0.340 RMB/W [15]. - The U.S. government announced a "reciprocal tariff" effective April 2, which introduces new variables for U.S. photovoltaic products. The Asia-Pacific region accounts for 98% of U.S. imports of battery cells, and the new tariffs will affect exports from these countries [16]. - Prices for various specifications of battery cells have stabilized this week [16]. Module Segment - Mainstream transaction prices for 182mm single-sided single crystal PERC modules are 0.69 RMB/W, while 210mm single-sided single crystal PERC modules are priced at 0.70 RMB/W. The prices for 182mm and 210mm double-sided double-glass single crystal PERC modules are 0.70 RMB/W and 0.71 RMB/W respectively [17]. - April's module production is estimated at 69-70 GW, continuing an upward trend. Domestic demand is driven by distributed projects, while overseas demand shows slight price increases, particularly in Europe [18]. - Prices for concentrated and distributed project modules in China have stabilized, with concentrated project prices averaging 0.69 RMB/W and distributed project prices averaging 0.75 RMB/W [19].

Core Viewpoint - The article provides a comprehensive overview of the current pricing trends in the photovoltaic industry, highlighting stability in silicon material prices, increasing demand for silicon wafers and battery cells, and a rising trend in module prices due to strong market demand and supply dynamics [3][4][5][6]. Silicon Material Segment - The mainstream transaction prices for N-type recycled silicon are 41 RMB/KG, N-type dense silicon at 40 RMB/KG, and N-type granular silicon at 38 RMB/KG, indicating stable pricing [7][10]. - Downstream demand remains strong, with manufacturers adopting a strategy of consuming low-cost materials and purchasing as needed to avoid losses [8][10]. Silicon Wafer Segment - Mainstream transaction prices for P-type M10 wafers are 1.10 RMB/piece, P-type G12 wafers at 1.65 RMB/piece, N-type M10 wafers at 1.21 RMB/piece, and N-type G12 wafers at 1.55 RMB/piece [12]. - The strong demand for silicon wafers is driven by robust procurement activities from battery manufacturers and traders, leading to a decline in inventory levels [13][14]. Battery Cell Segment - Mainstream transaction prices for M10 battery cells are 0.330 RMB/W, with N-type cells showing an upward trend, particularly the 210RN cells reaching 0.34 RMB/W [16][18]. - The ongoing demand surge is stimulating procurement activities, with manufacturers experiencing both volume and price increases [17][18]. Module Segment - Mainstream transaction prices for 182mm single-sided PERC modules are 0.69 RMB/W, while 210mm single-sided PERC modules are priced at 0.70 RMB/W [19]. - The module production is expected to increase in April, driven by strong order visibility and ongoing demand from distributed projects [20][21]. Photovoltaic Glass Segment - Mainstream transaction prices for 2.0mm coated photovoltaic glass are 13.5 RMB/m², 3.2mm coated glass at 22.5 RMB/m², and 2.0mm back glass at 12.5 RMB/m² [23]. - The demand for photovoltaic glass is recovering due to strong downstream module demand, although there are concerns about potential supply-demand imbalances if production capacity is activated too quickly [24].

Core Viewpoint - The article provides a comprehensive overview of the current pricing trends and dynamics in the photovoltaic (PV) industry, highlighting stability in prices across various segments, including polysilicon, wafers, cells, modules, and glass, while also noting the impact of supply and demand factors on these prices [4][10][18][24][27]. Polysilicon Segment - The mainstream transaction prices for N-type recycled polysilicon are at 40 RMB/KG, N-type dense polysilicon at 38 RMB/KG, and N-type granular silicon at 38 RMB/KG [6]. - The overall market is currently in a stalemate, with polysilicon prices remaining stable due to significant upward pressure from wafer prices [7]. - Current polysilicon inventory levels are above 300,000 tons, but the increase in inventory is slowing due to industry self-discipline and maintenance measures by some manufacturers [8]. Wafer Segment - 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 [12]. - Inventory growth is slowing, and some leading manufacturers are adjusting production schedules, with current inventory levels still above 2 billion [13]. - The production of wafers is expected to rebound in March, driven by the recovery in downstream production, particularly for the 210RN specifications [14]. Cell Segment - Mainstream transaction prices for M10 cells are at 0.330 RMB/W, G12 cells at 0.270 RMB/W, and both M10 and G12 TOPCon cells at 0.290 RMB/W [17]. - The production of cells is anticipated to increase in March, with leading manufacturers contributing to the output growth, while inventory levels are expected to peak [18]. Module Segment - Mainstream transaction prices for 182mm single-sided PERC modules are at 0.690 RMB/W, 210mm single-sided PERC modules at 0.700 RMB/W, and 182mm double-sided PERC modules at 0.700 RMB/W [22]. - The module production is expected to rise in March due to favorable factors such as the "New 531" policy and the traditional peak season overseas, with ground and distributed installation demand in the pipeline [23]. - Module prices are stable, with an increasing number of manufacturers raising their prices, indicating a potential shift towards a "buy high, not low" market sentiment [24]. Glass Segment - Mainstream prices for 2.0mm coated glass are at 13 RMB/sqm, 3.2mm coated glass at 21 RMB/sqm, and 2.0mm back glass at 12 RMB/sqm [26]. - The production of glass remains stable, with no clear plans for cold repairs or production cuts, and manufacturers are showing a stronger willingness to raise prices due to long-term losses [27].