SunSirs: Supply Continues to be Tight Early June Polysilicon up Nearly 10%

According to the SunSirs monitoring, this week the domestic polysilicon market price continues to rise, as of June 3, polysilicon first-grade material weekly increase of 9.22%, the current price range between 108,000-120,000 RMB/ton.

This week, most of the polysilicon manufacturers are running stably. In addition to the maintenance of some of the polysilicon equipment in the previous two large factories in Xinjiang, a new polysilicon device has entered the maintenance state this week, affecting part of the output and leading to the situation of supply shortage in the market. In the absence of sentiment continues to heat, the price of the natural rising tide, single crystal, polycrystalline prices have a strong range of pull up, although the long single price locked, the single offer a wave higher than a wave, and the price is generally high transaction, further pushing up the silicon growth expectations. The price of domestic polysilicon materials is generally at the 110,000 marks, while the price of imported polysilicon continues to rise this week, with the average price exceeding $28 / kg and scattered offers reaching $31 / kg.

Downstream wafer, following last month's wafer prices repeatedly increased outside, in early June, wafer manufacturers' prices rose again. Polycrystalline silicon wafer mainstream price at 2.37-2.63 RMB/piece, G1 170μm mainstream price at 4.79-5.03 RMB/piece, M6 170μm mainstream price at 4.89-5.13 RMB/piece. The price of silicon wafer downstream resonates with the shortage of silicon material upstream, and the price continues to rise. The stacking silicon wafer manufacturers are affected by the dry season in Yunnan, and the power rationing affects the output of the device. The silicon material and silicon wafer are in a state of shortage of supply.

Terminal batteries and components, under cost pressure, this week the battery also rose, but a smaller, due to the upstream silicon material, silicon photovoltaic industry price is on the high side, the downstream battery manufacturer is itself in a situation of margins, and even at a loss, the downstream cell prices are forced to rise, but prices are falling demand itself, from the point of downstream orders, downstream procurement continued to slow, Orders fell further in June.

SunSirs believes that the silicon material manufacturer equipment maintenance partial more, in June about 3 equipment maintenance or load reduction started, the contradiction of market supply is intensified. Downstream silicon wafer due to silicon material shortage may continue to increase prices, the cost of the pressure will be further transmitted to downstream batteries and components. However, the current downstream orders continue to shrink, and overseas orders have been partially canceled or delayed, the pressure on the demand side may become more and more intense, which may suppress the upward pace of silicon material to some extent, and the silicon material growth may slow down in the later stage.

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