Monday, June 24, 2024

Chinese wafer costs stable-to-soft amid excessive inventories – pv journal International


In the brand new weekly replace for pv journalOPIS, a Dow Jones firm, affords complete evaluation of photo voltaic PV module provide and value traits.

FOB China costs for mono PERC and n-type M10 wafers have quickly stabilized after 5 consecutive weeks of decline, estimated at $0.203 per piece (computer) and $0.197/computer, respectively. each.

Meanwhile, the costs of mono PERC and n-type G12 wafers skilled additional declines, down 1.49% and 4.68% week-to-week, now reaching $0.264/computer and $0.285/computer.

According to a market supply, the continued decline within the value of G12 wafers might be attributed to reviews indicating {that a} main G12 wafer producer holds the biggest stock amongst business producers.

According to the OPIS market survey, the typical transaction costs of mono PERC M10 and n-type M10 wafers within the Chinese home market remained round CNY1.625 ($0.22)/W and CNY1.583/, respectively one. Despite wafer corporations dealing with monetary losses for about three months, the current vital drop in polysilicon costs has helped cushion their losses, as reported by a supply above.

Wafer corporations are at the moment dealing with losses of CNY0.1/computer to CNY0.15/computer on common primarily based on present costs of polysilicon and wafers, the supply added.

Efforts to cut back manufacturing and clear wafer stock are progressing slowly, in accordance with a market observer. The present wafer stock fluctuates between 3 and 4 billion items, roughly equal to about 28 GW. This is nearly two weeks price of manufacturing, because the Silicon Industry of the China Nonferrous Metals Industry Association expects a wafer output of 63GW in April.

The present downturn can solely see a breakthrough if some corporations exit the market as a consequence of their incapability to maintain the present loss scenario of their money circulate, mentioned a market participant. .

A downstream supply confirmed curiosity within the first quarter monetary reviews of varied wafer corporations, that are anticipated to be launched quickly. Reports are circulating {that a} wafer producer misplaced 3 billion yuan within the first quarter, the supply mentioned, though this has but to be confirmed. However, clarification on this matter is predicted as soon as the monetary reviews are made public.

OPIS, a Dow Jones firm, supplies power costs, information, information, and evaluation on gasoline, diesel, jet gasoline, LPG/NGL, coal, metals, and chemical substances, in addition to renewable fuels and environmental commodities. . It acquired pricing information belongings from the Singapore Solar Exchange in 2022 and now publishes the OPIS APAC Solar Weekly Report.

The views and opinions expressed on this article are these of the creator, and don’t essentially replicate these held by pv journal.

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