The recent delivery is relatively tight, and the price of silicon wafers remains stable (2.16)

The price of silicon wafers remained stable this week. The price range of M10 monocrystalline silicon wafers (182 mm/150 μm) was 6 to 6.22 yuan/piece, and the average transaction price remained at 6.22 yuan/piece, which was flat week-on-week; the price range of G12 monocrystalline silicon wafers (210 mm/150 μm) was 8 -8.2 yuan/piece, the average transaction price remained at 8.2 yuan/piece, which was flat week-on-week. The main reason for the stable operation of silicon wafer prices this week is that the delivery of specialized enterprises is relatively tight in the near future, and orders are executed at a unified price.

On the supply side, integrated enterprises and some specialized enterprises raised their operating rates slightly again this week, while the rest continued to increase their operating rates as planned. At present, the silicon wafer end is still in a staged supply shortage, and some enterprises' order scheduling has been postponed to the 25th. The release of new production capacity in February was mainly from several N-type new entrants such as Yinchuan Zhonghuan, Yibin Gaojing, and Baotou Shuangliang.

On the demand side, the battery price has dropped slightly, but the demand is still strong. On the battery side, the quotation of mainstream solar cells dropped to 1.12 yuan/W, a decrease of 0.9% from the previous month. The demand in the battery sector in February was between 39-40GW, exceeding the supply of silicon wafers. Therefore, in the short term, the battery procurement is actively high, and the operating rate of specialized enterprises is basically maintained at a high level. On the component side, the current order execution price is maintained between 1.7-1.75 yuan/W. With the launch of domestic and overseas projects in the first quarter, it is expected that the demand side will be supported, and the price of silicon wafers may continue to run stably in the short term.

This week, the operating rates of the two first-tier companies remained at 75% and 80%. The operating rate of integrated enterprises is maintained between 80% and 100%, and the operating rate of other enterprises is increased to between 80% and 90%. According to domestic and foreign installed capacity demand and domestic Q1 component export expectations, the monthly demand for silicon wafers may return to normal levels. In February, as the price of the industrial chain stabilized and rebounded, the operating rate of enterprises gradually increased. The output of silicon wafers in February is expected to be between 34-36GW.