Polysilicon scheduled production is expected to increase in July, while solar cells are still in the inventory accumulation period

Polysilicon

Prices: Yesterday, the mainstream prices for N-type polysilicon were 37-41 yuan/kg, and the mainstream prices for dense polysilicon were 34-37 yuan/kg. Polysilicon prices stabilized for the time being, while market transaction frequency declined.

Production: Currently, the scheduled production of domestic polysilicon in July is expected to continue increasing, mainly due to the production expansion of the top two producers, which will bring significant inventory pressure.

Inventory: As transaction frequency decreases, polysilicon inventory is once again facing accumulation pressure, with inventory levels rebounding.

Solar Cells

Price: The current price for high-efficiency PERC 182 solar cells (23.2% efficiency and above) is 0.30-0.31 yuan/W; PERC 210 solar cells are priced around 0.31-0.33 yuan/W; Topcon 182 solar cells (24.7% efficiency and above) are priced around 0.28-0.31 yuan/W; Topcon 210RN solar cells are priced at 0.31-0.33 yuan/W; Topcon 210 solar cells are priced at 0.33 yuan/W.

Production: Recently, the production of the 210 size series of solar cells has been continuously reduced, mainly due to a lack of orders and inventory backlog. The demand forecast for July remains sluggish, while the production of 183 and other size series of solar cells remains unchanged.

Inventory: Solar cells are still in a destocking cycle, with a significant inventory backlog for the 210 size series, exceeding two months' demand. The 183 series solar cells have started destocking.

PV film

Prices

PV-grade EVA: The current domestic trading price of PV-grade EVA resin is about 10,100 yuan/mt. The price of cable-grade EVA resin is 10,200-10,500 yuan/mt, and the price of foam-grade EVA resin is about 10,400-10,700 yuan/mt. The price of POE PV-grade C4 temporarily remains at $2,270-2,370, and C8 temporarily remains at $2,400-2,500.

PV film: The current mainstream price for 420g transparent EVA film is 6.05-6.22 yuan/sqm, for 420g white EVA film is 6.65-6.82 yuan/sqm, for 380g EPE film is 6.95-7.33 yuan/sqm, and for 380g POE film is 9.12-9.50 yuan/sqm. Prices may be adjusted.

Production: Last week, upstream resin enterprises maintained normal production, with weak transactions, and film production remained stable.

Inventory: The current inventory of upstream enterprises needs to be assessed based on different companies. Both film factories and petrochemical plants are undergoing destocking, and the production pace is temporarily stable.

Inverter

Price: This week, the price range for inverters is 0.12-0.18 yuan/W for 20kw, 0.11-0.17 yuan/W for 50kw, and 0.1-0.16 yuan/W for 110kw. The prices of inverters remained stable this week.

Supply and Demand: The supply is sufficient, scheduled production is stable, competition in the distributed market is fierce, and the demand for super power models is gradually increasing both domestically and internationally. Emerging markets such as South America and Pakistan are experiencing strong demand.