China’s polysilicon value lastly stabilised this week, in keeping with the Silicon Trade Department of the China Nonferrous Metals Trade Affiliation, following a number of long-term contracts being signed, serving to to scale back market volatility within the short-term.
The Silicon Trade Department mentioned that value stability this week was achieved primarily as a result of silicon materials firms had sealed long-term orders for the month within the first week of July, and even signed orders for August in some circumstances.
For the final two weeks of July, there have been solely a small variety of scattered orders, and in consequence, there have been fewer transactions out there protecting the silicon value steady, regardless of fears of costs rising sooner or later amidst excessive demand and panic shopping for.
The worth vary of mono dense poly chip was RMB286,000-308,000/MT (US$42,340-45,600/MT) and the typical transaction value remained unchanged at RMB295,500/MT (US$43,680/MT), in keeping with the information, regardless of current value rises and an upward trajectory.
Based on statistics, China’s polysilicon manufacturing in July was 58,500MT, a lower of 5% month-on-month, and in step with expectations. The highest 4 polysilicon enterprises produced a complete of 48,700MT, accounting for 83.2% of Chinese language output.
The general public discover additionally confirmed that in the course of the week of 27 July, China’s mono recharging chip value ranged from RMB288,000-310,000/MT (US$42,600-45,900/MT), with the typical transaction value being RMB297,600/MT, which was steady in comparison with the week earlier than
Due to the rising silicon value, China’s prime 4 polysilicon firms achieved an eye-watering efficiency in H1 2022, in keeping with the businesses’ efficiency forecasts.
Amongst them, Tongwei is predicted to earn RMB12-12.5 billion (US$1.78-1.85 billion) in H1 2022, a year-on-year (YoY) enhance of greater than 300%.
Whereas Daqo New Power expects its H1 internet revenue to be RMB9.4-9.6 billion, up almost 350% YoY. TBEA’s H1 internet revenue was RMB6.8-7.2 billion, up by round 125% YoY, and GCL expects its H1 internet revenue to be RMB6.9 billion yuan, up by 187.5% YoY (see chart under).
|Title of silicon producer||Internet revenue posted (RMB in billions)||H1 efficiency YoY progress (%)|
In the meantime, LONGi and Zhonghuan have each raised the value of their silicon wafer merchandise in step with market dynamics. On 21 July, Zhonghuan adjusted the value of various kinds of silicon wafers up by RMB0.24-0.41/piece, a rise of about 4%, equal to US$3.5 cents/W for cells.
On 26 July, LONGi introduced its newest silicon wafer value, rising RMB0.24-0.25/piece for varied sizes, up by 4%. On the identical time, the thickness of the 182mm wafer was adjusted from 160μm to 155μm.
And on 25 July, Tongwei’s official web site revealed its newest mono crystal cell pricing, displaying a rise of US$4-5 cents/W for varied sizes.
The worth of cells after adjustment has virtually caught up with the module value two years in the past. Based on PV Tech, China’s front-line mono crystal module value will exceed RMB2.1/W (US$0.31/W).