The supply of adhesive film is tight, and the price increase of distributed components has slowed down. [SMM Silicon-Based PV Morning Meeting Summary]

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SMM March 27 News:

Solar Cell

Price

The price of high-efficiency PERC182 solar cells (23.2% and above efficiency) was 0.31-0.32 yuan/W; the PERC210 market had no trading volume.

The price of Topcon183 and Topcon210 solar cells (25% and above efficiency) was around 0.30-0.305 yuan/W, with the quoted price rising to 0.31 yuan/W; the price of Topcon210RN solar cells was 0.34-0.34 yuan/W, with the quoted price rising to 0.35 yuan/W. Recently, the upward trend in solar cell prices has weakened, and the order volume for the 183 model has shown a weakening trend.

HJT direct sales are relatively few, with integrated manufacturers being self-sufficient.

Production

The production increase space for specialized battery manufacturers is very limited, and the supply increase mainly relies on the operating rate of integrated manufacturers. Recently, some manufacturers that had stopped production have resumed production, but the supply is relatively small.

Inventory

The 210RN solar cells are still in tight supply, while the 183N shows a trend of inventory buildup.

Module

Price

In the current module market, the mainstream transaction price for N-type 182mm centralized projects is 0.704-0.722 yuan/W, and for N-type 210mm is 0.719-0.737 yuan/W. The price of Topcon distributed modules is 0.768-0.783 yuan/W, with a slight upward trend, but the recent price increase has significantly slowed down.

Production

Overall, the March production schedule increased by 35% MoM, with more orders being delivered, and the April production schedule is expected to continue to grow.

Inventory

There are many rush orders for distributed installations, and in the short term, most module manufacturers have reported that inventory continues to destock, and they are actively taking orders recently.

PV Film

Price:

PV-grade EVA/POE:

The current price of PV-grade EVA is 11,550-11,950 yuan/mt. The transaction price of PV-grade POE is 12,000-14,000 yuan/mt.

PV Film:

The current mainstream price of 420g transparent EVA film is 5.46-5.67 yuan/m², 420g white EVA film is 5.96-6.17 yuan/m², 380g EPE film is 5.79-5.89 yuan/m², and 380g POE film is 6.84-7.22 yuan/m².

Production

The March production schedule for PV-grade EVA increased by 13.7% MoM, and the production schedule for PV film increased by 28.5% MoM.

Inventory

Currently, the inventory of petrochemical plants is low, the module production schedule is rising, supply is tight, and demand is increasing. It is expected that inventory will remain at a low level.

Price

3.2mm single-layer coating: The quoted price of 3.2mm single-layer coating PV glass is 22-23 yuan/m², and the new order price in April is expected to increase.

3.2mm double-layer coating: The quoted price of 3.2mm double-layer coating PV glass is 23-24 yuan/m², and the new order price in April is expected to increase.

2.0mm single-layer coating: The quoted price of 2.0mm single-layer coating PV glass is 13.5-14 yuan/m², and the new order price in April is expected to increase.

2.0mm double-layer coating: The quoted price of 2.0mm double-layer coating PV glass is 14.5-15 yuan/m², and the new order price in April is expected to increase.

Production

This week, domestic operating conditions maintained a slight decline WoW, mainly due to the reduction brought by the cold repair of kilns in Jiangsu earlier.

Inventory

The glass inventory level has decreased, with the inventory of top-tier enterprises decreasing by about 1-2 days compared to the end of February, and the overall industry inventory days decreased by one day.