Solar Cell Production Schedule Continues to Decline, Auxiliary Material Prices Expected to Drop

Solar Cell

Prices

Recently, solar cell prices have been falling. Currently, the price for high-efficiency PERC 182 solar cells (23.2% efficiency and above) is 0.30-0.31 yuan/W; PERC 210 solar cells are priced around 0.32-0.33 yuan/W; Topcon 182 solar cells (24.7% efficiency and above) are priced around 0.28-0.31 yuan/W; Topcon 210RN solar cells are priced at 0.35-0.36 yuan/W.

Production

Recently, some integrated module manufacturers have continued to reduce solar cell production, and specialized solar cell manufacturers have also implemented production cuts. Chinese companies are facing difficulties in selling solar cells overseas, leading to gradual production reductions or halts from the end of this month to the next.

Inventory

N-type solar cell inventory days are 5-15 days, while P-type inventory has been gradually reduced.

Modules

Prices

In the current module market, the mainstream transaction prices for centralized projects are as follows: PERC 182mm modules (0.78-0.86 yuan/W), PERC 210mm modules (0.8-0.87 yuan/W), N-type 182mm modules (0.8-0.89 yuan/W), and N-type 210mm modules (0.84-0.9 yuan/W). Module prices remain relatively stable with minor fluctuations.

Production

In May, several companies adjusted their production schedules to varying degrees, leading to an overall expected decrease in actual market production. Some companies still plan to reduce production in June, with expected production levels either flat or lower compared to May.

Inventory

Current module inventory remains within a controllable range, but the growth rate of downstream demand is slow, showing a slight trend of inventory accumulation.

PV Film

Prices:

EVA/POE for PV:

Currently, transactions of domestic EVA for PV have further decreased. The price for PV-grade EVA has dropped to 10,700-11,000 yuan/mt; for cable-grade EVA prices remain at 10,300-10,600 yuan/mt; EVA for foaming continues to be priced in the range of 10,500-10,800 yuan/mt. price for C4 PV POE remains at $2,550-2,650/mt, and for C8 remains at $2,650-2,750/mt.

PV Film:

The current mainstream prices for 420g transparent EVA film are 6.51-6.72 yuan/sqm, 420g white EVA film are 7.35-7.56 yuan/sqm, 380g EPE film are 7.98-8.06 yuan/sqm, and 380g POE film are 10.18-10.45 yuan/sqm.

Production

The current production pace of PV film is stable. Some resin manufacturers have scheduled maintenance this month, which may lead to a decrease in total monthly production.

Inventory

Current inventory levels of film resin have slightly increased, with resin procurement mainly based on immediate needs, leading to a reduction in film inventory.

Solar Inverter

Prices

This week, the price range for inverters is as follows: 20kw (0.12-0.18 yuan/W), 50kw (0.12-0.17 yuan/W), and 110kw (0.11-0.16 yuan/W). Inverter prices have slightly decreased, with the focus of transactions shifting downward.

Production

Recently, domestic centralized procurement demand has supported orders for super power models, and the enthusiasm for downstream procurement both domestically and internationally is gradually recovering, leading to stable increases in production schedules. The peak season for Q2 in Europe is approaching, and inverter inventory is gradually improving.

PV Glass

Prices

3.2mm single-layer coated: 3.2mm single-layer coated PV glass is priced at 26.0-27.0 yuan/sqm, with stable prices.

3.2mm double-layer coated: 3.2mm double-layer coated PV glass is priced at 27.5-28.5 yuan/sqm, with stable prices.

2.0mm single-layer coated: 2.0mm single-layer coated PV glass is priced at 17.5-18.5 yuan/sqm, with stable prices.

2.0mm double-layer coated: 2.0mm double-layer coated PV glass is priced at 18.5-19.5 yuan/sqm, with stable prices.

Production

Since May, the supply side has seen the addition of a 1,000t/d kiln in Hebei, a 1,200t/d kiln in Yunnan, and a 1,200t/d kiln in Guangxi, leading to an overall increase in supply.

Inventory

Supply and demand sides are focused on negotiations on new order prices at the month-end, with minimal market transactions and a slight increase in inventory.