Wedoany.com Report-Apr. 14, The China Nonferrous Metals Industry Association reported stable polysilicon prices in China this week, driven by low trading activity. However, softer quotes from key producers suggest potential price drops soon. Spot prices for mainstream polysilicon ranged from CNY 40 ($5.47)/kg to CNY 42/kg, while granular silicon was priced between CNY 37/kg and CNY 39/kg. April’s polysilicon output is projected to surpass 100,000 metric tons, raising concerns about excess supply.
In the wafer market, pricing faced challenges due to weaker-than-expected demand, partly influenced by a recent earthquake. M10-183N wafers were priced at CNY 1.25 to 1.28 per piece, G12R at CNY 1.50 to 1.55, and G12N at CNY 1.55 to 1.60. Wafer production is expected to increase significantly this month. P-type M10 cell prices remained steady at CNY 0.31/W, though demand is likely to soften after India’s fiscal year-end. N-type cells, including M10, G12R, and G12, ranged from CNY 0.305 to 0.34/W, with cell output also set to rise.
Module prices continued to ease, with distributed generation project modules averaging CNY 0.745/W. Utility-scale projects held steady at around CNY 0.70/W, though forecasts suggest prices may dip to CNY 0.65 to 0.68/W after May. Export prices showed little change. TOPCon modules were priced at $0.08/W to $0.10/W, heterojunction (HJT) at $0.095/W to $0.12/W, passivated emitter and rear cell (PERC) at $0.07/W to $0.08/W, and n-type BC modules at $0.10/W to $0.11/W.
First PV Material reported a 15.2% revenue decline for 2024, totaling CNY 19.15 billion, with net profit falling 29.3% to CNY 1.31 billion. The company cited lower solar module prices, fluctuating ethylene-vinyl acetate (EVA) resin costs, and growing overseas competition as key factors. A company representative stated: “We plan to increase the share of our next-generation polyolefin elastomer (POE) film products to 35% of output and expand manufacturing capacity abroad.”
Sungrow announced a share buyback program valued between CNY 300 million and CNY 600 million. The repurchased A-shares will support employee stock ownership or equity incentive plans. A Sungrow spokesperson said: “This buyback will be funded through our own resources or self-raised capital, reflecting our commitment to rewarding employees and sustaining long-term growth.”
These developments highlight ongoing adjustments in China’s solar industry, with companies navigating market dynamics while advancing production and innovation. The focus on expanding output and exploring new materials underscores efforts to maintain competitiveness in the global renewable energy sector.
