Global production schedule for solar cells is expected to decline by 4%-5% MoM in June, while that for PV film is expected to decrease by 3.1% MoM [SMM Silicon-Based PV Morning Meeting Summary]

》Check SMM silicon product quotations

》Subscribe to view historical price trends of SMM metal spot cargo

》Click to view SMM metal industry chain database

SMM News on June 3:

Wafer

Prices: The price of N-type 18X wafers in the market is 0.93-0.95 yuan/piece; the price of 210R wafers is 1.05-1.1 yuan/piece. Wafer prices are largely stable, maintaining a temporary equilibrium.

Production: The actual domestic wafer production in May was approximately 58GW, with some manufacturers reducing production midway. In June, a few manufacturers continued to slightly cut production.

Inventory: Wafer inventory has recently experienced minor fluctuations. Comparing the operating rates of cells and wafers, the overall supply and demand are in a tight balance, with wafer inventory at around 18GW.

Solar Cell

Prices: The price of high-efficiency PERC182 cells (with efficiency of 23.2% and above) is 0.275-0.295 yuan/W. Due to limited total demand, there are very few existing players, and export demand accounts for a relatively high proportion; there is no trading volume in the PERC210 cell market. The mainstream quotation for Topcon183 cells (with efficiency of 25% and above) is around 0.25-0.255 yuan/W; the mainstream transaction price for Topcon210RN is 0.265 yuan/W, with a quotation range of 0.265-0.27 yuan/W; the price of Topcon210N cells is around 0.26-0.27 yuan/W. There is a divergence in size trends: 183 and 210N prices continue to fall. For the former, reduced orders and continuous inventory buildup force transaction prices down, while for the latter, some companies' large shipments at month-end drive market transaction prices lower. Orders for 210RN have increased due to distributed demand, especially for high-efficiency parts, with prices stabilizing and recovering. It is expected that the trend differences between different sizes will continue to widen. The mainstream quotation for HJT 30% silver-coated copper (with efficiency of 25% and above) is 0.34-0.35 yuan/W, and price adjustments are expected after the holiday. HJT has relatively little direct sales, with integrated manufacturers being self-sufficient.

Production: Global solar cell production reached 60-61GW in May, a decrease of approximately 7.20% from April. Preliminary estimates suggest that the global production schedule for June will be 57-58GW, a 4-5% decrease MoM. The supply of cells continues to tighten due to weak demand.

Inventory: Module manufacturers have adjusted their procurement needs, resulting in reduced orders. Solar cell plants have adjusted their production schedules to control inventory, which increased by 25.01% WoW, with the growth rate shrinking by 51 percentage points compared to the previous week.

PV Film

Prices

PV-grade EVA: The transaction price of PV-grade EVA is 10,100-10,400 yuan/mt. The domestic settlement price of PV-grade POE is approximately 12,000-14,000 yuan/mt.

PV Film: Currently, the mainstream price of 420g transparent EVA film is 5.38-5.59 yuan/m², the price of 420g white EVA film is 5.88-6.09 yuan/m², the price of 380g EPE film is 5.51-5.7 yuan/m², and the price of 380g POE film is 6.84-7.22 yuan/m².

Production: The production schedule for PV-grade EVA in June decreased by 2.70% MoM, and the production schedule for PV film decreased by 3.1% MoM.

Inventory: The overall transaction volume of EVA was average, with strong wait-and-see sentiment in the market. The in-plant inventory of petrochemical plants remained at a low level.