SunSirs: Silicon Material Supply is in Short Supply and the Price continues to Rise in China (August 8-12)

Last week, China domestic polysilicon price continued to rise, with a slight slowdown. According to the monitoring of SunSirs, the silicon material rose by 0.69% last week. The operating rate of the downstream silicon wafer manufacturers is normal. This week, there is no price adjustment action by the large silicon wafer manufacturers, but the price has reached a historical high, which has brought stable support to the silicon material. The operating rate of domestic polysilicon remained low. In August, there were two enterprises overhauling their units. At present, the number of units involved in overhauling has increased to five enterprises, and one of them has partially resumed work; In addition, the expansion of production capacity and stable production have made up for most of the production losses caused by maintenance. Supply remained tight. The orders of some enterprises in September have been signed, and the output in Xinjiang has been greatly reduced due to maintenance. At present, there are few signed orders. According to the monitoring of SunSirs, the mainstream range of the single crystal compact material with the model of class I solar energy is 292,000-305,000 RMB/ ton.

In terms of silicon wafers and downstream, silicon wafers continued to be stable in August, and the transaction price of M6 mainstream was stable at about 6.33 RMB/ piece; The mainstream transaction price of M10 is maintained at about 7.54 RMB/ piece, and the mainstream transaction price of G12 silicon is about RMB/ piece. Last week, the price of battery cells remained stable. After the price of battery cells rose in late last month, the cost pressure of enterprises was slightly relieved. This week, there are few new orders signed for the battery. In addition, the overseas demand is good, which still supports the battery. However, due to the tight supply of silicon chips, the operating rate of some battery chip enterprises has dropped. From the perspective of terminal components, terminal components are basically stable, generally resistant to high prices, and profits are obviously squeezed. Later or continue to limit the movement force on the silicon material.

SunSirs polysilicon analyst believes that the rising price of silicon material is mainly due to the shortage of supply. The pressure from the cost of silicon wafers, downstream battery chips and components is gradually increasing, especially the profit of terminal components is obviously squeezed, the operating rate of components is lower, and the upstream and downstream game is more obvious. It is expected that with the resumption of the silicon material plant in the later stage, the supply pressure at the source end will ease, and it is expected China silicon market will stop rising and stabilize.

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