Polysilicon

Price: Yesterday, the mainstream prices of N-type polysilicon and dense polysilicon were 41-48 yuan/kg and 37-42 yuan/kg respectively. Polysilicon prices continued to fall, causing poor market sentiments. Silicon wafer prices also declined.

Output: Due to the maintenance of many polysilicon plants, the production of polysilicon in May is expected to be stable at 180,000 tons+ with slight fluctuations.

Inventory: There were fewer transactions but normal pick-up during the holiday. The oversupply continued. Polysilicon inventory continued to rise.

Solar cell

Price: solar cell prices are still expected to fall. The current price of high-efficiency PERC182 solar cells (efficiency of 23.2% and above) is 0.34-0.35 yuan/W, versus 0.35-0.38 yuan/W for PERC210 solar cells, 0.38-0.39 yuan/W for Topcon182 solar cells (efficiency of 24.4% and above), and 0.40-0.41 yuan/W for Topcon210 solar cells.

Output: Topcon solar cell production continued to grow in May, with most manufacturers operating at over 90% or even at full capacity, while PERC solar cell production continued to decrease.

Inventory: 5-10 days, an increase compared to before the holiday. Currently, new demand is scarce amid high downstream solar cell inventory.

PV film

Price

EVA for PV: The current domestic EVA for PV transactions are relatively poor, so some prices temporarily remained stable. Photovoltaic-grade EVA prices stayed at 11,600-12,000 yuan/ton, cable-grade EVA prices stayed at 11,000-11,200 yuan/ton, and EVA for foaming prices stayed at 10,800-11,000 yuan/ton.

Photovoltaic film: The current film price is about to be adjusted. Please consult the analyst (Zhang 18919136634) for details.

Production: This week, upstream EVA companies are operating normally. The production in April is lower than expected. EVA production is maintained, but orders are poor due to the holidays. Film production is normal.

Inventory: The current inventory of upstream enterprises varies. The inventory is limited. The film is produced according to demand.

Inverter

Price: This week, inverter price ranges are as below: 0.14-0.18 yuan/W for 20kw, 0.13-0.18 yuan/W for 50kw, and 0.11-0.17 yuan/W for 110kw.

Supply and demand: There is no change in the inverter price range, with the lower end slightly downward. Companies are willing to reduce prices for promotions amid rising demand for household inverters. As the procurement and delivery of ground-based centralized projects have started, orders of high-power inverters have increased.