Wafer prices fell again, solar cell inventory increased, and demand for PV-grade EVA gradually slowed down. [SMM Silicon-Based PV Morning Meeting Summary]

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SMM April 22 News:

Wafer

Price: The market price for N-type 18X wafers is 1.15-1.2 yuan/piece; the price for 210R model wafers is 1.35-1.4 yuan/piece. Wafer prices have dropped again, market sentiment is weak, downstream price pressure is severe, and some companies have lowered prices again.

Production: Wafer production in April is on schedule, with normal production in the Sichuan-Yunnan region. Wafer production in April is expected to be 58-59GW. Many companies have no plans to increase production in May.

Inventory: Wafer inventory dropped back slightly this week, but overall fluctuations are limited. Downstream purchases are moderate, with a strong resistance to high-priced resources.

Solar Cell

Price: The price for high-efficiency PERC182 solar cells (23.2% and above efficiency) is 0.31-0.32 yuan/W, with few orders; the PERC210 cell market has no trading volume. The price for Topcon183 solar cells (25% and above efficiency) is around 0.285-0.29 yuan/W; Topcon210RN solar cells are priced at 0.275-0.29 yuan/W; Topcon210 solar cells are priced at around 0.3-0.3. The prices for 183 and 210RN cells are still declining, while the 210N price remains relatively firm. HJT direct sales are few, with integrated manufacturers self-sufficient.

Production: Planned production of solar cells in April reached 63-64GW, up more than 13% MoM. Topcon210R and 210N cell production increased by more than 36% MoM in April. Production cuts in May are mainly from integrated manufacturers.

Inventory: Solar cell inventory has risen, with 210RN accelerating inventory buildup.

PV Film

Price

PV-grade EVA: The transaction price for PV-grade EVA is 11,550-11,950 yuan/mt. The domestic settlement price for PV-grade POE is around 12,000-14,000 yuan/mt.

PV Film: The current mainstream price for 420g transparent EVA film is 5.54-5.67 yuan/m², 420g white EVA film is priced at 6.04-6.17 yuan/m², 380g EPE film is priced at 5.79-5.89 yuan/m², and 380g POE film is priced at 6.84-7.22 yuan/m².

Production: Planned production of PV-grade EVA increased by 8.22% MoM in April, while PV film production increased by 9.07% MoM.

Inventory: Recent transactions for PV-grade EVA are few, the installation rush for modules is weakening, demand is gradually slowing, and petrochemical plant inventory remains at a low level.