The World Polysilicon Marker (GPM), the OPIS benchmark evaluation for polysilicon produced exterior China, fell for the primary time in three weeks within the newest worth evaluation on Might 30 to $32.171/kg after extra market exercise introduced by the sixteenth Worldwide Photo voltaic Photovoltaics. and Good Vitality Convention and Exhibition (SNEC) in Shanghai. The key photo voltaic occasion, noticed photo voltaic gamers chopping offers and reporting costs decrease than earlier highs.
The 7.25% lower is the biggest proportion lower in GPM to date this yr. Most sources, contacted by SNEC or the OPIS market survey afterwards, put ex-China polysilicon costs at or under the psychologically essential stage of $30/kg. A tier-one module maker has agreed to purchase polysilicon at $29/kg from a worldwide producer, in line with a number of sources.
One other international producer agreed that costs have been on this vary, but in addition indicated that it had not made any transactions with SNEC and deliberate to chop its offers afterwards.
Chinese language polysilicon costs, assessed as China Mono Grade by OPIS, continued their decided march downwards additionally according to the SNEC. Home costs hit their lowest stage in 4 months at 126.67 CNY ($17.7)/kg this week. Market chatter that the already sturdy charge at which native costs are falling will speed up considerably after the SNEC has confirmed to be unfounded. China Mono Grade’s roughly 8% drop this week is similar to final week’s roughly 7% drop.
Polysilicon costs in China are anticipated to drop under 100 CNY/kg quickly, with OPIS anticipating the vital determine to be reached as quickly as subsequent month. With discussions of this quantity swirling aggressively at and since SNEC, one supply summed up the discourse aptly, saying “No one expects to cease the slide of Chinese language poly under 100.”
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