In the brand new weekly replace for pv journalOPIS, a Dow Jones firm, gives a fast overview of the principle worth tendencies within the international PV business.
The Global Polysilicon Marker (GPM), the OPIS benchmark for polysilicon exterior China, assessed at $22.068/kg, or $0.050/W this week, unchanged from final week on the again of buy-sell indicators that was heard.
On October 1, the US Department of Commerce (DOC) introduced a preliminary resolution on countervailing duties (CVD) for photo voltaic cells and modules imported from Vietnam, Cambodia, Malaysia, and Thailand, which there are charges from 0.14% to 292.61%, relying on the corporate and area. This has been probably the most important improvement within the international polysilicon market in current months.
Although market sources typically agree that CVD charges for some main Chinese producers have are available decrease than anticipated, they imagine that an enchancment in spot transactions is unlikely till within the preliminary anti-dumping (AD) ruling on November 27, as AD charges have traditionally been 10 to twenty occasions increased than CVD charges.
While exercise within the international polysilicon market stays comparatively quiet as patrons await AD charge updates earlier than deciding whether or not to renew earlier buy volumes, the results of potential changes- such because the US presidential election, updates on a mixture of photo voltaic insurance policies, together with the AD/CVD tariff for the 4 Southeast Asian nations, product traceability necessities, and native incentives manufacturing—has reportedly been felt, with delays in photo voltaic tasks rising consequently.
Industry sources count on a revival within the international polysilicon spot market if the general tax charge for some producers in 4 Southeast Asian nations that export cells and modules to the US—together with Section 201, AD, and CVD tariffs—will stay under 30%, as this may permit their manufacturing capability to be maintained to some extent.
China Mono Grade, the OPIS evaluation for mono-grade polysilicon costs within the nation, remained regular at CNY 33.625 ($4.73)/kg, or CNY 0.076/W this week. China Mono Premium, OPIS’ worth evaluation for mono-grade polysilicon used for n-type ingot manufacturing, additionally remained regular at CNY 40.125/kg, or CNY 0.090/W, unchanged from final week.
The long-awaited revival of the polysilicon buying and selling market after the Chinese Golden Week vacation has but to materialize, as wafer producers’ buying curiosity stays weak, with orders positioned solely to take care of primary manufacturing wants.
Trading in polysilicon futures, which was initially anticipated to ease extra stock, confirmed little sensible impression. China’s polysilicon producers have raised issues a couple of clause in Guangzhou Futures Exchange guidelines that prohibits storage of polysilicon produced greater than three months earlier than futures buying and selling, though corporations that normally supply a 1- to 2-year guarantee on their merchandise. The most storage interval was additionally set at 9 months, inflicting some merchants to postpone their buy plans, as the present lack of buying and selling exercise undermined their confidence in storage.
China’s main polysilicon producers are tightening their management over costs and market share, significantly as main polysilicon producer Siemens plans to ramp up new manufacturing capability within the fourth quarter. In addition, a key producer of FBR granular polysilicon not too long ago elevated its working charge, in keeping with sources.
Insiders agree that continued efforts are wanted to deal with polysilicon overcapacity. The almost definitely and optimistic state of affairs for the Chinese polysilicon market within the fourth quarter is the continuation of present costs.
OPIS, a Dow Jones firm, gives power costs, information, information, and evaluation on gasoline, diesel, jet gas, LPG/NGL, coal, metals, and chemical compounds, 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 mirror these held by pv journal.
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