In a new weekly update for PV -MagazineOpis, a Dow Jones company, offers a quick look at the most important trends in the global PV industry.
This week FOB China kept prices for Mono Perc M10 and N-type G12 waffles stable at $ 0.133/PC and $ 0.166/PC respectively. N-type M10 waffle prices, on the other hand, fell to $ 0.122/PC, which marked a week-on-week decrease of 2.40%.
The downward trend in the N-type M10 wafer prices has now been extended to eight consecutive weeks, driven by persistently weak electricity demand. Since their peak at the beginning of April, prices have fallen by 22.78%. Market sources report that certain N-type 182 mm x 183.75 mm waffles on the Chinese domestic market are already under CNY 0.95 ($ 0.13)/PC.
In response to falling prices, some wafers manufacturers, in particular players of the second and third row with less focus on product efficiency, have included a higher part of the raw material of the lower degree to reduce production costs. These companies reportedly brought their money production costs for N-type M10 waffles to around CNY0.90/PC. However, they remain unprofitable when invoicing work, management and selling costs.
The financial tension about the sector is becoming more visible. In anticipation of the 18th (2025) SNEC exhibition of next week in Shanghai, some manufacturers reportedly withdrew previously reserved standing spaces. Insiders in the industry interpret these cancellations as cost -saving measures for the latest resort, and emphasize the acute financial stress with which many companies are confronted.
On the supply side, sources noted that waffle inventories were relaxed from their peak of more than 20 GW. Falling wafer prices have achieved more acceptable levels for downstream buyers, which leads to a modest pick -up in purchasing. Sources estimate Chinese solar cell production in May to around 56 GW, while the production of Wafer is projected to 50 GW, which suggests the gap and contributes to recent inventory decisions.
Under the typical dynamics of the delivery of the delivery to the solar market, the power-growing production planning tends to exceed that of adjacent downstream segment by approximately 5% to take into account the processing losses and the continuity in the value chain guarantee, one source of the current, noticed, noticed that the current, noticed, noticed that the current, noticed that, on that the hooked, noticed, on that the current. capacity in the market.
Operational, according to market feedback, the two largest wafer producers have a use of around 50%, while integrated manufacturers have around 55% on average. Some specialized waffle companies have reportedly reached up to 80% use. With waffle prices at new lows, certain integrated players themselves reduce their own waffle volumes and turn to the spot market for cheaper external range. Some are also outsourcing wafer to cut to external manufacturers who are equipped with more advanced technologies. The Wafer Slicing Service Fee in China is currently approximately CNY 0.20/PC, mentioned trade sources.
Vietnam continues to lead the production of wafers in Southeast Asia on the global market, according to sources from the industry. Feedback on regional business percentages indicates that Vietnam’s monthly waffle output is approximately 600 MW, with an estimated polysilicon consumption of approximately 1,300 MT per month.
On the export front, N-type 182 mm x 182 mm and 182.2 mm x 182.2 mm waffles continue to represent the primary export sizes from China, while the demand for 182 mm x 183.75 mm and 182.2 mm × 183.75 mm wanders is growing. Although the production costs of these subgraten are reportedly in broad lines comparable, variations in the requirements of the customer for each size-range-dimand-mism matches, driving price volatility. Export prices for 182 mm x 182 mm waffles can occasionally rise to $ 0.140- $ 0.145/PC Due to adapted production and format-specific demand, a trade source noted.
Opis, a Dow Jones company, offers energy prices, news, data and analysis of gasoline, diesel, aircraft fuel, LPG/NGL, coal, metals and chemicals, as well as renewable fuels and environmental products. It acquired price determination of data from Singapore Solar Exchange in 2022 and now publishes the OPIS APAC SOLAR WEEKLY REPORT.
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