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Glass furnace cold repair increased slightly, and PV module production rebounded

iconAug 1, 2024 10:18
Source:SMM
The current price for high-efficiency PERC 182 solar cells (23.2% efficiency and above) is 0.29-0.30 yuan/W; PERC 210 solar cells are priced around 0.285-0.29 yuan/W; Topcon 182 solar cells (24.7% efficiency and above) are priced around 0.28-0.29 yuan/W; Topcon 210RN solar cells are 0.29-0.29 yuan/W; Topcon 210 solar cells are 0.29-0.29 yuan/W.

Solar Cell

Price

The current price for high-efficiency PERC 182 solar cells (23.2% efficiency and above) is 0.29-0.30 yuan/W; PERC 210 solar cells are priced around 0.285-0.29 yuan/W; Topcon 182 solar cells (24.7% efficiency and above) are priced around 0.28-0.29 yuan/W; Topcon 210RN solar cells are 0.29-0.29 yuan/W; Topcon 210 solar cells are 0.29-0.29 yuan/W.

Production

Due to the lack of significant market demand increase in August, the destocking cycle for battery makers has lengthened. Leading companies operating rate stood at around 60%, while second and third-tier cell makers have an operating rate of less than 25%.

Inventory

Cell inventory is over half a month, and August remains a destocking period for cells, with levels expected to return to lower levels by early September.

Module

In the current module market, the mainstream transaction prices for PERC 182mm modules are 0.7-0.76 yuan/W, for PERC 210mm modules are 0.71-0.77 yuan/W, for N-type 182mm modules are 0.74-0.8 yuan/W, and for N-type 210mm modules are 0.75-0.81 yuan/W. Module prices slightly decreased.

Production

The actual production in July was lower than expected, showing a decline. The scheduled production for August is expected to slightly increase MoM. The production schedules among producers diverged; a small number of producers are increasing production due to centralised procurement orders, while others are slightly reducing or keeping production flat due to insufficient demand and high inventory levels.

Inventory

Both domestic and overseas module inventories show signs of reduction but remain at high levels.

PV film

Price: PV-grade EVA/POE: The current domestic trading price of PV-grade EVA is about 9,400 yuan/mt. The price of POE PV-grade material is temporarily maintained at $2,100-$2,150/mt for C4 and $2,200-$2,250/mt for C8.

PV film: The current mainstream price of 420g transparent EVA film is 5.46-5.67 yuan/sqm, 420g white EVA film is 5.99-6.36 yuan/sqm, 380g EPE film is 6.46-6.65 yuan/sqm, and 380g POE film is 8.74-8.93 yuan/sqm.

Production

There was no significant increase in PV module production in August, and the production of film may remain stable. However, the current inventory of PV-grade EVA is at a low level, and the planned production in August may increase.

Inventory

The recent inventory reduction of PV-grade EVA is quite noticeable, and the inventory of petrochemical manufacturers is at a low level.

Solar Inverter

Price

This week's price range for solar inverters: the price of 20kW is 0.12-0.16 yuan/W, the price of 50kW is 0.11-0.15 yuan/W, the price of 110kW is 0.1-0.14 yuan/W, and the price of 320kW is 0.09-0.11 yuan/W. The prices of solar inverters remain stable.

Supply and Demand

The supply side production is stable and sufficient. The demand for household and super power models is good. The grid connection demand in emerging markets such as Southeast Asia and the Middle East continues to drive shipment momentum.

PV glass

Prices

3.2mm single-layer coated: 3.2mm single-layer coated PV glass is quoted at 23.5-24.5 yuan/sqm, prices remain stable.

3.2mm double-layer coated: 3.2mm double-layer coated PV glass is quoted at 24.5-25.5 yuan/sqm, prices remain stable.

2.0mm single-layer coated: 2.0mm single-layer coated PV glass is quoted at 14.0-15.0 yuan/sqm, prices are falling.

2.0mm double-layer coated: 2.0mm double-layer coated PV glass is quoted at 15.0-16.0 yuan/sqm, prices are falling.

Production

This week, two kilns in Anhui province were shut down for cold repair, with a total capacity of 1,250 mt/day. In Jiangsu province, three kilns were shut down for cold repair, with a total capacity of 650 mt/day. In Zhejiang province, one kiln with a capacity of 600 mt/day was shut down for cold repair. The domestic supply is expected to decline further.

Inventory

Approaching the August new order negotiation period, due to the previous decline in downstream purchases by module producers, glass inventory continues to rise.

Market forecast
Market review

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