Wafer Inventory Rises Slightly, Solar Cell Prices Decline [[SMM Silicon-Based PV Morning Meeting Summary]]

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SMM News, April 29:

Wafer

Price: The market price of N-type 18X wafers is 1.1-1.15 yuan/piece; the price of 210R model wafers is 1.3-1.35 yuan/piece. Wafer prices have fallen again, with weak market sentiment. Downstream players are driving down prices severely, and some companies have once again lowered their prices.

Production: Wafer production in April is proceeding as scheduled, with normal production in Sichuan and Yunnan regions. Global wafer production in April is expected to exceed 60GW. Several companies may have production cut plans in May.

Inventory: Wafer inventory has risen slightly this week. Downstream players have limited purchasing enthusiasm due to raw material pressure and bearish expectations for the market.

Solar Cell

Price: The price of high-efficiency PERC182 solar cells (with efficiency of 23.2% and above) is 0.295-0.30 yuan/W, with prices declining and few orders. There is no trading volume in the PERC210 solar cell market. The price of opcon183 solar cells (with efficiency of 25% and above) is around 0.27-0.28 yuan/W; the price of Topcon210RN solar cells is 0.27-0.28 yuan/W; the price of Topcon210 solar cells is around 0.285-0.295 yuan/W. Both market demand and cost support for solar cells are insufficient, and there is still room for prices to decline. There is little direct sales of HJT cells, with integrated manufacturers being self-sufficient.

Production: The planned production of solar cells in April reached 63-64GW, with a month-over-month (MoM) increase of over 13%. The production of Topcon210R and 210N cells in April increased by over 36% MoM. There is an adequate supply of cells, and inventory buildup began in mid-to-late April. Leading producers will implement production cuts in May, while some producers plan to maintain their April production schedules for stable production.

Inventory: Solar cell inventory continues to rise, with current inventory levels at export factories exceeding 4GW.

PV Film

Price

PV-grade EVA: The transaction price of PV-grade EVA is 11,000-11,700 yuan/mt. The domestic settlement price of PV-grade POE is approximately 12,000-14,000 yuan/mt.

PV Film: The current mainstream prices are 5.54-5.67 yuan/m² for 420g transparent EVA film, 6.04-6.17 yuan/m² for 420g white EVA film, 5.79-5.89 yuan/m² for 380g EPE film, and 6.84-7.22 yuan/m² for 380g POE film.

Production: The planned production of PV-grade EVA in April increased by 15.17% MoM, and the planned production of PV film increased by 25.38% MoM.

Inventory: The recent transaction atmosphere for PV-grade EVA is average, with petrochemical plant inventory remaining at a low level.