LEAD OPTIMA ELEMENT TECH (HUITA MATERIALS)

 

Observing the production operation and shipment situation of the silicon material link, 13 domestic silicon material enterprises are in production this week, and the enterprises that resume production are expected to increase the domestic supply of silicon material in March. Some first-tier enterprises plan to conduct round line maintenance in Q1 of 2022. The release of superimposed and expanded production capacity is less than expected, the output of silicon material is limited, the new production capacity at the wafer end continues to be released, the terminal demand continues to be hot, the supply and demand are mismatched, and the material price support is sufficient. It is expected that the price of silicon material will continue to rise in March. .

 

silicon wafer

 

The price of silicon wafers was generally stable this week, and the price of polysilicon wafers rebounded slightly. This week, the mainstream transaction price of M6 is about 5.25 yuan/piece, the mainstream transaction price of M10 is about 6.3 yuan/piece, and the mainstream transaction price of G12 is about 8.35 yuan/piece. The strong demand in the terminal market has driven the high demand for cell procurement, which indirectly increased the demand for silicon wafers, and the shipment of silicon wafers was relatively smooth. In terms of size, the output of M6, M10, and G12 silicon wafers increased in February, while the output of G1 size silicon wafers continued to decrease, and the market share steadily declined.

 

In terms of polysilicon, affected by the demand for rigid overseas installations, the mainstream transaction price of polysilicon wafers rose slightly to around RMB 2.21 per piece this week, and there is still a driving force for price increases in the future. At present, the first-tier silicon wafer enterprises maintain a high operating rate, and the expanded production capacity is also being put into production. It is expected that the silicon wafer output in February will be higher than that in January. If the terminal demand continues to be hot, the price of silicon wafers may still rise.

 

Cell

 

This week, the overall price of battery cells remained stable, and the gaming atmosphere became more and more intense. This week, the mainstream transaction price of M6 cells is about 1.09 yuan/W, the mainstream transaction price of M10 cells is about 1.12 yuan/W, and the mainstream transaction price of G12 cells is about 1.13 yuan/W. After the holiday, due to upstream silicon materials and silicon wafers, prices have been raised one after another, and some battery companies have raised their cell prices in order to pass on the pressure of rising costs. However, the overall market transaction is difficult. At present, the atmosphere of competition between cells and modules is becoming more and more intense. Some cell companies have reported that some module companies have already stocked some stocks before the festival, and the wait-and-see atmosphere is becoming more and more intense. During the Spring Festival holiday, cell companies basically maintained a high level. The operating rate and supply are relatively sufficient, and it is expected that there will be limited room for subsequent cell price increases.

 

components

 

This week, the price of modules is weak and stable. The mainstream transaction price of mono 166 modules is around 1.85 yuan/W, the mainstream transaction price of mono 182 modules is around 1.88 yuan/W, and the mainstream transaction price of mono 210 modules is around 1.88 yuan/W. Some first-tier companies have signed orders for February a year ago. This week, most of the module companies mainly executed pre-orders. In addition, overseas demand continued and shipments were relatively smooth. In addition to the price increase in the upstream of the industry chain, the auxiliary materials, backplane, glass and other links are also brewing up. Some dealers reported that the price of 166 single-sided modules in some enterprises has exceeded 1.9 yuan/W, and the price of double-sided double-glass modules has also increased. It rose to 1.95 yuan/W. In terms of demand, terminal demand has returned to the rising channel due to prices, and the market’s wait-and-see sentiment is gradually expanding. Some module companies have planned to reduce the utilization rate in March in order to compete with upstream cells and auxiliary materials.

 

In terms of auxiliary materials, the price of glass has basically remained stable this week, and the terminal demand has not decreased, which has led to an increase in the market demand for photovoltaic glass, and the price has been supported. This week, the mainstream transaction price of glass with a thickness of 3.2mm is about 27 yuan/㎡, and the mainstream transaction price of glass with a thickness of 2.0mm is about 21 yuan/㎡.