Production schedule for silicon wafers in July is expected to decrease by over 10%. Global production schedule for solar cells is down 3% MoM [SMM Silicon-Based PV Morning Meeting Summary]

SMM reported on July 8:

Wafer

Prices: The market price for N-type 18X wafers is 0.85-0.88 yuan/piece, while the price for 210R wafers is 0.98-1 yuan/piece. Wafer prices continue to weaken, with market transaction prices continuing to decline.

Production: Domestic wafer production in June was approximately 58GW, with the 210R size defying the market trend and increasing, while the sales of 183 wafers were significantly hindered. Subsequently, due to the decline in wafer prices, wafer companies reduced their production schedules this month, with an expected reduction of over 10%.

Inventory: Wafer inventory has recently experienced minor fluctuations. With the recent increase in polysilicon quotations and policy changes, the situation of unsold wafers has improved, and inventory shows a decreasing trend.

Solar Cell

Prices: The price for high-efficiency PERC182 solar cells (with 23.2% efficiency or higher) is 0.265-0.27 yuan/W. Domestic demand is extremely low, with all orders being export orders. The market operating rate is extremely low, with producers starting or stopping production lines based on orders. Topcon183N solar cells (with 25% efficiency or higher) are traded at 0.22-0.23 yuan/W; Topcon210RN at 0.24-0.25 yuan/W; and Topcon210N solar cells at around 0.24-0.25 yuan/W. Demand support remains weak, with prices facing downward pressure. The mainstream quotation for HJT30% silver-coated copper (with 25% efficiency or higher) is 0.35-0.36 yuan/W. Due to market demand fluctuations and cost control, prices have increased. HJT has relatively little direct sales, with integrated manufacturers being self-sufficient.

Production: The global production schedule for Chinese enterprises in July is 53-54GW, down 3% MoM. Supported by the remaining orders from installation rushes, the overall production cuts are relatively small, with the production share of 210RN increasing to over 40% of the total TOPCon production.

Inventory: Inventory pressure increased at the beginning of the month, with low order volumes and structural differences in inventory across sizes, with 183N inventory still dominating.

PV Film

Prices

PV-grade EVA: The current price for PV-grade EVA is 9,500-9,750 yuan/mt. PV-grade POE is traded at 11,000-14,000 yuan/mt.

PV Film: The current mainstream prices for transparent EVA film with a weight of 420 grams are 5.04-5.17 yuan/m², for white EVA film with a weight of 420 grams are 5.54-5.67 yuan/m², for EPE film with a weight of 380 grams are 4.94-5.02 yuan/m², and for POE film with a weight of 380 grams are 6.69-6.84 yuan/m².

Production: The production schedule for PV-grade EVA in July increased by 0.24% MoM, while the production schedule for PV film decreased by 1.87% MoM.

Inventory: Recently, some film companies have replenished their stocks, with EVA gradually destocking. Some petrochemical companies have switched to maintenance, gradually tightening the overall supply of EVA.

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