Briefing on the Chinese PV Industry: Longi and CNMIA announce decreased wafer costs

This week, according to the China Nonferrous Metals Industry Association, wafer prices decreased by up to 5.6% from the previous week. Longi, a maker of wafers, claimed that the price decline trend peaked in late June and that demand has now started to increase.

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The Silicon Branch of the China Nonferrous Metals Industry Association (CNMIA) has disclosed the average selling prices for wafers. These costs were determined using information gathered from many key suppliers, including Longi, TCL Zhonghuan, Shuangliang, and JinkoSolar, amongst others. According to the organisation, the price of n-type wafers has dropped by 5.65 percent in comparison to the previous week, falling to CNY2.84 ($0.39) per piece. Additionally, manufacturers are currently selling p-type M10 wafers at a price of CNY2.75 per piece, which is a decrease of 0.73% compared to the price offered the week before, and G12 wafers are being sold at a price of CNY3.97 per piece, which is a decrease of 7.67% compared to the price offered the week before.

In the meanwhile, Longi said that it has decreased the price of its p-type M10 wafers with a thickness of 150um to CNY2.93 per piece, which is a 32.72 percent decrease in comparison to a month ago. A positive forecast for the second half of 2023 was presented by the firm at a meeting with investors. In answer to a query posed by an investor, the business stated that “since May, PV product prices have fluctuated sharply and some end customers are having a wait-and-see strategy,” which had a “short-term impact” on the market. “However, the price drop reached its lowest point in late June, and around that same time, demand started to pick back up again.”