Sunday, May 19, 2024

Subtle Ebb in Global Polysilicon Prices Amid Market Fluctuations

In its latest weekly release via pv magazine, Dow Jones subsidiary OPIS presents a concise update on the global polysilicon market, observing a minor downturn in prices. This week, the Global Polysilicon Marker (GPM) for regions outside China nudged down to $22.90 per kilogram, marking a subtle decrease of 0.65%.

Despite fluctuations in the Chinese market, polysilicon prices in other parts of the world have shown relative steadiness. An industry source notes that this stability might be linked to the currently unchanging global supply of polysilicon. Additionally, high-quality solar components like wafers and cells produced outside China are commanding higher prices, maintaining the premium on global polysilicon rates.

The pricing trajectory for non-Chinese polysilicon is closely tied to the U.S. market dynamics, especially concerning the types of solar modules allowed into the country. Market experts suggest that the less these supply chains depend on Chinese resources, the higher the price premium for polysilicon sourced elsewhere.

In recent developments, a major solar player in India has embarked on ingot and wafer production with a yearly target of 2 GW. This move is pivotal, as it aligns with India’s receipt of 990 metric tons of polysilicon from China in the last quarter, sparking debates about new supply chains catering to U.S. demands independent of Chinese influence.

Conversely, within China, the price for Mono Grade polysilicon has taken a steeper dive, assessed at approximately $6.659 per kilogram, reflecting a significant 7.67% drop — the sharpest this year, as per OPIS records. This decline is attributed mainly to the decreased prices of p-type polysilicon by smaller manufacturers, exacerbated by low demand and the need to lower prices to boost sales and recover investments.

Interestingly, the price for high-purity n-type polysilicon remains steady around CNY55/kg, contrasting with the more volatile p-type market. Prices for fluidized bed reactor (FBR) granular polysilicon, essential for n-type wafer manufacturing, have now overtaken those of the traditional p-type polysilicon, signaling a potential shift in market preferences.

Looking ahead, with no immediate production halts or equipment maintenance scheduled, new capacities from major manufacturers are expected to keep the polysilicon supply abundant and prices competitive. Market insiders anticipate that prices will stabilize only if there’s a future reduction in polysilicon production.

OPIS continues to be a crucial resource for tracking energy and commodity prices, including those in the renewable sector. The insights provided help stakeholders navigate the complex dynamics of the solar industry, particularly in these volatile times.

Related Articles

Latest Articles

Most Popular