Polysilicon prices have seen continuous hikes in the past two weeks due to the explosion at Jiangsu Zhongneng’s chemical plant in Xinjiang and the impact of the COVID-19 pandemic, according to TrendForce’s latest investigations.
Mono polysilicon closing prices plus 10%
In particular, mono polysilicon closing prices increased by more than 10% on average, which led wafer suppliers to increase wafer prices. As a result of rising wafer prices, the downswing in global PV module prices rebounded into an uptrend instead.
LONGi increased its wafer prices by 7 to 7.3%
TrendForce analyst Sharon Chen indicates that leading PV wafer supplier LONGi increased its wafer prices again this week in response to rising polysilicon costs, with an average increase of 7% (7.3% in the overseas markets). However, as end-market demand has yet to recover to a sufficient level, the increase in global PV module prices is projected to be limited despite their rebound.
Module price hikes are projected to reach about USD 1.5 cent/W at the most according to TrendForce. (hcn)
