In a brand-new weekly upgrade for pv publicationOPIS, a Dow Jones business, offers a peek at the primary rate patterns in the international PV market.
OPIS
China Mono Grade, the OPIS standard evaluation for polysilicon rates in the nation, was up to CNY60.25 ($8.40)/ kg) on Jan. 16, down 51.8% year-on-year in the middle of a growing supply excess.
Total market belief stayed bearish with lots of market individuals anticipating additional cost cuts ahead of the Lunar New Year celebrations in early February. Polysilicon costs remained in the variety of CNY54-65/ kg, OPIS discovered throughout its weekly market research.
China produced an overall of 1.45 million lots of polysilicon in 2023, up 81.4% year-on-year, information from China’s Silicon Industry Association revealed. Existing stock levels stood at 60,000 MT and January’s production is anticipated to reach 170,000 MT, according to China’s Silicon Industry Association.
Market individuals do not anticipate these stocks to be diminished quickly as some business had actually currently acquired January and early February freights and stated that there was space for rates to fall even more in the coming weeks.
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The current boost in wafer costs, coming from wafer producers attempting to recover previous months’ losses, is not anticipated to provide any assistance to polysilicon rate gains as wafer need has yet to recuperate completely.
The Global Polysilicon Marker (GPM), the OPIS standard for polysilicon outside China was examined at $26.063/ kg on Jan. 16, down 30.7% year-on-year tracking rate decreases in the Chinese market, OPIS information revealed.
OPIS, a Dow Jones business, supplies energy rates, news, information, and analysis on gas, diesel, jet fuel, LPG/NGL, coal, metals, and chemicals, along with eco-friendly fuels and ecological products. It got prices information possessions from Singapore Solar Exchange in 2022 and now releases the OPIS APAC Solar Weekly Report
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