Polysilicon production cut exceeds 20%, leading to a slight inventory reduction. PERC cell production continued to decline

Polysilicon

Prices: Yesterday, the mainstream prices for N-type polysilicon were 40-43 yuan/kg, and the mainstream prices for dense polysilicon were 34-37 yuan/kg. The frequency of market transaction inquiries increased, and some polysilicon factories experienced inventory reduction.

Production: Polysilicon production decreased by over 20%, with significant reductions in the Sichuan region due to high electricity prices.

Inventory: There was a slight reduction in polysilicon inventory, and major crystal pulling factories have started to pick up goods.

Solar cell

Price: Solar cell prices remain stable. Currently, the price of high-efficiency PERC 182 solar cells (23.2% efficiency and above) is 0.30-0.31 yuan/W; the price of PERC 210 solar cells is around 0.32-0.33 yuan/W; the price of Topcon 182 solar cells (24.7% efficiency and above) is around 0.28-0.31 yuan/W; the price of Topcon 210 RN solar cells is 0.35-0.36 yuan/W.

Production: PERC solar cell production continues to decline, with some leading Topcon manufacturers reducing their operating rates, while many battery makers remain in a wait-and-see state and have not yet reduced production.

Inventory: Solar cells are still in an inventory accumulation cycle, with Topcon cells being the main stock.

PV film

Price

PV-grade EVA: The current domestic trading price of PV-grade EVA has been adjusted. For detailed prices of PV-grade EVA, please consult the analyst. The price of cable-grade EVA has been reduced to 10,500-10,700 yuan/mt. EVA for foaming continues to maintain a price range of 10,600-10,800 yuan/mt. POE for PV C4 temporarily remains at $2,550-2,650/mt, and C8 temporarily remains at $2,650-2,750/mt. POE prices are ready for adjustment.

PV film: The current price of PV film is ready for adjustment. For detailed adjustments, please consult the analyst.

Production: This week, upstream resin enterprises are operating normally with average transactions. The price gap between the intended transaction price of resin and the negotiating orders for film has narrowed. Resin production continues, and film production remains stable.

Inventory: The current inventory of upstream enterprises needs to be judged based on different enterprises. The film inventory at film factories is normal, the resin inventory at film factories has decreased, and the resin inventory at resin factories has slightly increased. The production pace is temporarily stable, and the overall production for May has been reduced.

Inverter

Price: This week, the price range for 20kW inverters is 0.12-0.18 yuan/W, for 50kW inverters is 0.12-0.17 yuan/W, and for 110kW inverters is 0.11-0.16 yuan/W. This week, inverter prices remained stable.

Supply and Demand: The overall downstream procurement demand, both domestically and internationally, is stable. Domestic centralised procurement demand supports orders for super power models, and company production are maintained or slightly increased. The demand for shipments in Europe, the Middle East, and Africa is strong, and company shipments are smooth.