Polysilicon：Although the prices of downstream silicon wafers and battery cells have all declined this week, due to the tight market supply, polycrystalline silicon companies have stated that they have no intention of reducing prices. Currently, polycrystalline silicon companies mainly deliver orders signed in November this month, with a small amount of orders signed in December. However, most of the orders still need to be delayed until January next year. In terms of orders, companies have stated that orders can be mostly signed until February. As the year 2018 approaches, some domestic enterprises are still unable to produce at full capacity. Overseas enterprises will undergo maintenance from January to February next year, and it is expected that silicon material supply will be relatively tight before February next year. In terms of price, there is strong support, but due to downstream uncertainty about the terminal situation after the Spring Festival, polycrystalline silicon companies also have certain concerns.
Silicon wafer：This week, the prices of single polycrystalline silicon wafers have all been lowered. This week, the leading single crystal silicon wafer enterprises proactively lowered the price of single crystal silicon wafers by 0.2 yuan per wafer, with a market quotation of 5.4 yuan per wafer. Subsequently, the domestic leading polycrystalline enterprises lowered the price of polycrystalline silicon wafers by 0.1 yuan per wafer, with a market quotation of 4.65 yuan per wafer. In the market, due to the relatively low demand for single crystal silicon, the prices of other manufacturers of single crystal silicon chips, except for leading enterprises, have already been concentrated at 5.2 yuan per chip, and there is room for negotiation. In terms of polycrystalline silicon, due to the current good demand and the basic guarantee of manufacturer orders, the overall willingness of polycrystalline silicon in the market to lower prices is limited. This time, following the active price reduction of monocrystalline silicon wafers, there is a trend of starting a "price war" for monocrystalline silicon wafers.
Cell：The price of battery cells has weakened this week. At the beginning of this week, after the prices of upstream single polycrystalline silicon wafers in China were lowered, battery cell manufacturers were in a strong mood. Except for the leading domestic battery cell manufacturers, whose prices remain unchanged at 1.7 yuan/W, most other manufacturers have indicated that prices have been lowered or are about to be lowered. Currently, the mainstream transaction price for polycrystalline battery wafers is around 1.68 yuan/W, and the mainstream transaction price for single crystal battery wafers is around 1.67 yuan/W; In terms of orders, the situation of polycrystalline orders is still better than that of single crystal orders, but the overall expectation of the downstream market continues to decline, and downstream customers are also more cautious in polycrystalline procurement.
Assembly：In the last week of 2017, the prices of domestic crystalline silicon modules remained basically stable: the prices of domestic polycrystalline modules were basically between 2.7 to 2.8 yuan/W, and currently, the price range of the single crystal market has increased by 2.7 to 3 yuan/W. With the introduction of the electricity price plan last week, it is expected that prices will enter a slow decline channel in the future. At present, the feedback on manufacturer orders in January is good, so component prices are expected to decline in January, but the extent is limited.