PV supply chain prices are generally weak, only polysilicon continues to strengthen

Abstract As the global demand enters the traditional off-season, China's rush to the end of the tide is also coming to an end. TrendForend researcher of TrendForce's Green Energy Division, Lin Rongrong, said that the PV supply chain in April was weaker from the polysilicon sheet to the component price. of...
As global demand enters the traditional off-season, China's rush to the end of the tide is also coming to an end. TrendForend researcher of TrendForce's Green Energy Division, Lin Rongrong, said that the PV supply chain in April was weaker from polysilicon to component prices, the most upstream. The polysilicon is due to the continued production of downstream wafers, the new capacity is in place, and the Chinese government's strict investigation of smuggling. The short-term supply of polysilicon in China is becoming more tense and prices are rising sharply.
Although polysilicon and monocrystalline silicon wafers still maintain a strong price, but affected by the overall slowdown in the overall demand, EnergyTrend estimates that the price will be flat at the end of May and began to weaken, the industry entered the most off-season this year, affecting the overall supply chain and surrounding The price of materials has fallen all the way from June. After August, the US, China, Japan and India have renewed their cargo power, which is expected to drive prices back.

China thoroughly investigates polysilicon smuggling, disrupting prices and continuing to rise
At the beginning of April, the Chinese government suddenly tightened the import of polysilicon, and thoroughly investigated the polysilicon source that was not smuggled according to the double tax rate. This made it difficult for China to buy polysilicon spot and continued to spread, pushing up the price of RMB 130/kg. Although the downstream has begun to drop significantly in the near future, due to the fact that orders have been negotiated in May, polysilicon will continue to maintain a slow rise until early May.
Due to the rising prices of polysilicon in China, prices in Taiwan and South Korea should continue to rise. However, China’s thorough investigation of polysilicon smuggling may result in fewer European and American manufacturers such as Wacker, Hemlock and REC, which are limited by double-reverse. By means of customs vulnerabilities and re-exports into China, only a large number of attacks on non-Chinese regions have been made, which has caused polysilicon prices in Taiwan and South Korea to fall into doubts. The spot price is unclear. However, Korean manufacturers such as OCI are not subject to double tax rebate rate, and prices will continue to grow with China's polysilicon.

The battery is approaching zero gross profit and the overall supply chain is weak
After the Lunar New Year, the overall supply chain price continued to lead the decline in the battery, and the gross profit has approached zero in just two months. Lin Rongrong said that the price of battery chips will soon enter the situation of development below US$0.3/W. Manufacturers have to ask for the price drop of polysilicon wafers. Although wafer manufacturers are still short-lived on the grounds of high raw material prices, until the recent price Only obviously weakened, after the product is difficult to sell, inventory pressure appears, the price will accelerate down, EnergyTrend estimates that the polysilicon film will see a significant decline in May. In addition, the rapid decline of the battery also caused the component factory to be reduced by the power station, so the price of components has continued to weaken in the near future.

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