The China Nonferrous Metals Trade Affiliation (CNMIA) stated monocrystalline silicon costs ranged from CNY 222 ($32.30)/kg to CNY 248/kg final week, up 31.37% from mid-January. Longi, in the meantime, raised wafer costs by greater than 15%.
CNMIA’s silicon department reported that polysilicon costs rose after the Chinese language lunar 12 months and are more likely to stay at present ranges for a comparatively very long time, on account of elevated demand from wafer producers.
It stated that uncooked materials costs ranged from CNY 230/kg to CNY 250 final week, and famous that monocrystalline silicon costs ranged from CNY 222/kg and CNY 248/kg, up 31.37% from mid January. The group stated the common worth of monocrystalline silicon has now hit CNY 235/kg.
“After the brand new Chinese language New 12 months vacation, wafer producers returned to a excessive fee of operation to deal with the decrease orders. In consequence, they rapidly used up all of the polysilicon in inventory, “stated the CNMIA. “This has contributed to a tense provide state of affairs and better costs.”
The affiliation says the current drop in polysilicon costs is a brief phenomenon.
“Wafer producers have elevated their working charges in response to error alerts, leading to an unprecedented improve in polysilicon demand,” CNMIA stated. “Patrons of polysilicon will make buying selections as quickly as doable and can know the worth as quickly as doable throughout the worth improve, as a result of the inventories are lowering and the stress will rise on the producers to fill their shares. inventory. It will possible result in a continued worth improve.”
The CNMIA stated it expects a long-term worth rebound within the first half of the 12 months, earlier than one other collection of recent polysilicon crops come on-line.
However, Longi raised the worth of its wafer merchandise. The photo voltaic producer now costs M10 p-type, 150-micrometer wafers at CNY 6.25 every, up 15.74%. It bought its M6 wafers at CNY 5.40 every, up 18.94%.
“The worth improve is especially because of the current giant improve within the worth of upstream polysilicon,” Longi stated in an announcement. “The corporate’s silicon wafer costs must be adjusted consistent with the market.”
That is the primary time this 12 months that Longi has raised costs. The final silicon wafer worth replace was on December 23, 2022.
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