The Meeting Adjusted H1 PV Main Material Quotas, Silicon Wafer Prices to Be Reported for Increase After the Meeting! [SMM Analysis]

SMM, March 13: From March 10-12, major enterprises in the PV polysilicon-to-module segment held another meeting in Beijing to discuss self-regulated production and promote healthy industry development. It is reported that after the meeting concluded on the 12th, major enterprises in the silicon wafer segment collectively raised the quoted price of 210R silicon wafers again—from the original 1.35 yuan/piece to 1.4 yuan/piece.

Additionally, it is understood that one of the key focuses of this meeting was the reallocation of quarterly quotas for silicon wafers to modules in H1. Comparatively, each quarter saw an increase of 1%-3% to varying degrees, primarily considering factors such as the May 31 rush for installations and the overproduction by several enterprises. Meanwhile, the polysilicon quota remains unchanged, taking inventory factors into account.

According to SMM calculations, after this adjustment, the Q2 silicon wafer quota may reach approximately 190 GW (solar cells around 180 GW), averaging about 63.3 GW per month. Considering the potential market cooling in June, production in April-May is expected to further increase. The increase in production schedules for silicon wafers and solar cells may exert some boosting effect on upstream segments, and the subdued demand in the polysilicon market may see some improvement driven by downstream demand.

In addition to the above, the meeting also discussed and established rules regarding annual shipments, tolling business dual distribution, and violations, among other topics...

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