As demand is still sluggish, the pressure of falling prices remains shrouded. According to EnergyTrend's survey, the rate of downstream price reduction has slowed down. We believe that the price has approached the manufacturer's production cost. Under the condition that the upstream raw material price is still high, the manufacturer can no longer adopt a more aggressive pricing strategy. Some manufacturers have temporarily cut production to meet the current market conditions. On the other hand, upstream wafers and polycrystalline plants are under increasing pressure to reduce their prices, and it is expected that there will be prices below market prices in the near future.
The survey found that the price of polycrystalline silicon in the upper reaches came to about $77.13/kg, a decrease of 2.37%; while the average price of silicon wafers continued to decline, the average price of polysilicon wafers came to around $3.33/piece, a decrease of 2.97%; while the monocrystalline silicon wafer prices remained flat. In the solar cell segment, due to the fact that demand has not recovered, the spot price average came to $1.129/Watt, a decrease of 1.74%. There was a sign of a decrease in the price. The manufacturers stated that due to the price being close to the cost, they would consider taking it shortly. Reduce production methods to respond. In the module market, there was a price turmoil. The lowest transaction price had fallen below $1.5/Watt, and the average price continued to decline to around $1.54/Watt, a decrease of 0.39%. In the solar inverter part, prices continued to decline, and the average price came to $0.257/Watt, a decrease of 3.02% (Source: Electronic Engineering).
According to EnergyTrend's observation, due to the Italian government’s announcement of a new subsidy policy at the end of April, and the timing of entering the traditional peak season, the market is beginning to see a wait-and-see atmosphere. However, until Q2, the market is still in a situation of oversupply, and some battery manufacturers have already faced pressure of selling prices close to or even lower than the cost of production. Therefore, it is not surprising that news of production cuts has been reported.
The survey found that the price of polycrystalline silicon in the upper reaches came to about $77.13/kg, a decrease of 2.37%; while the average price of silicon wafers continued to decline, the average price of polysilicon wafers came to around $3.33/piece, a decrease of 2.97%; while the monocrystalline silicon wafer prices remained flat. In the solar cell segment, due to the fact that demand has not recovered, the spot price average came to $1.129/Watt, a decrease of 1.74%. There was a sign of a decrease in the price. The manufacturers stated that due to the price being close to the cost, they would consider taking it shortly. Reduce production methods to respond. In the module market, there was a price turmoil. The lowest transaction price had fallen below $1.5/Watt, and the average price continued to decline to around $1.54/Watt, a decrease of 0.39%. In the solar inverter part, prices continued to decline, and the average price came to $0.257/Watt, a decrease of 3.02% (Source: Electronic Engineering).
According to EnergyTrend's observation, due to the Italian government’s announcement of a new subsidy policy at the end of April, and the timing of entering the traditional peak season, the market is beginning to see a wait-and-see atmosphere. However, until Q2, the market is still in a situation of oversupply, and some battery manufacturers have already faced pressure of selling prices close to or even lower than the cost of production. Therefore, it is not surprising that news of production cuts has been reported.
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