SMM Price Review Of PV Industry Chain Points To Overall Pessimistic Picture

Silicon metal

November silicon contract fluctuated at a low level. Offers from silicon companies for spots were higher than those from futures and spot traders. Downstream buyers such as grinding powder had more demand for traders’ futures and spots. The spot market saw mixed offers. Silicon prices crept down amid weak sentiment.

Most polysilicon companies completed silicon powder tenders in early October. In early week, most grinding plants consumed inventory, and purchased limited outsourced goods. DMC prices inched up, but the strength may appear limited amid stable supply-demand fundamentals on the near-term horizon. Silicon price weakened, with rigid demand from aluminium alloy.

According to SMM statistics, social inventories of silicon in Huangp port, Kunming, and Tianjin port totalled 342,000 mt as of October 13, up 8,000 mt MoM.

Polysilicon

Recharging and dense polysilicon prices were 76-84 yuan/kg and 75-82 yuan/kg respectively. Polysilicon prices remained stable this week, though lingering downstream weakness, like bearish PV market.

However, with controlled inventory, polysilicon prices remained stable for the time being, but will trend lower in a future, stemming from an inventory buildup amid weakening demand.

Silicon wafer

Transaction prices of monocrystalline silicon wafer M10 and G12 averaged 2.79 yuan/piece and 3.8 yuan/piece respectively.

Silicon wafer prices kept plummeting, adding more bearishness to the market. In addition, there was heavy inventory building. Therefore, silicon wafer manufacturers kept cutting scheduled silicon wafer productions in October.

High-purity quartz sand price

High-purity quartz sand prices remained stable, seeing inner sand at 390,000-440,000 yuan/mt, middle sand at 190,000-230,000 yuan/mt and outer sand at 70,000-120,000 yuan/mt.

In terms of supply and demand, some domestic crucible companies signed long-term contracts with overseas quartz sand suppliers. Meanwhile, there were more bulk cargoes signed. Under such circumstance, domestic quartz sand demand shrank slightly. In addition, triggered by a big dent in silicon wafer demand, the operating rate of crucible producers edged down, cooling quartz sand demand.