LONGi Solar specified that the cost of wafers had actually currently fallen listed below the money expense. In order to establish the marketplace, and taking into consideration the supply-demand relationship, the business reasonably increased its wafer quote. It is hoped that through rate change, the market will leave the quagmire of low-price competitors and go back to a healthy competitive environment.
When it comes to whether the quote boost will impact sales, LONGi Solar stated that wafer rates had actually continued to fall listed below the expense given that the 2nd quarter of the year. Even after the cost boost, the business might still deal with monetary pressure, and it might spend some time for the market to change the rate.
On 27 August, TCL Zhonghuan revealed its most current wafer costs, which likewise increased. According to the changed wafer quote, the G10N wafer was priced at CNY1.15/ piece (US$ 0.16/ piece), the G12RN at CNY1.3/ piece (US$ 0.18/ piece) and the G12N CNY1.5/ piece (US$ 0.21/ piece).
TCL Zhonghuan stated that it would decrease its stock and enhance the supply-demand relationship of the market by properly reducing its own wafer production rate. The rate boost intends to stabilise market expectations, keep sustainable advancement of the market and enhance the business's operating efficiency.
Losses amidst falling wafer rates
Prior to these boosts, on 23 August, the Silicon Industry Branch upgraded its wafer quote, and the deal costs of M10, N-type G10L and N-type G12 mono wafers all dropped substantially.
Amongst them, the typical deal cost of N-type G10L mono wafers was up to CNY1.08/ piece (US$ 0.15/ piece), a month-on-month decrease of 3.75%; the typical deal rate of N-type G12R mono wafers stayed at CNY1.25/ piece (US$ 0.18/ piece); and the typical deal rate of N-type G12 mono wafers was up to US$ 1.5/ piece (US$ 0.21/ piece), a month-on-month decrease of 6.25%.
At the very same time, the typical deal rate of P-type M10 mono wafers was up to CNY1.15/ piece (US$ 0.16/ piece), a month-on-month decline of 6.5%. These patterns are displayed in the table listed below.
The Silicon Industry Branch stated that the leading business' decrease in wafer output might still have a favorable effect. Image: Silicon Industry Branch.
It deserves keeping in mind that the operating rates of LONGi Solar and TCL Zhonghuan have actually not been revealed in this round of quote. The Silicon Industry Branch stated that the leading business' decrease in wafer output might still have a favorable effect on stabilising the supply chain in the medium- and long-lasting.
At present, majority of the wafer market's stock is focused in a couple of business. In the short-term, the production strategies of these business will end up being the focus of the marketplace, while in the long run, as the capability at different phases of the supply chain is rapidly filled, market value are anticipated to go back to a sensible level.
In the very first half of 2024, due to the irritation of imbalance in between supply and need in the market, the wafer sector took the lead in going into unreasonable cost competitors.
