Spot wafer prices increased 9 Feb 2012 19:34
Spot wafer prices increased most significantly on week
Spot prices of all solar components increased this week, except for solar modules. Spot wafer prices increased significantly this week, and mono wafers maintained strong. Spot prices of solar cells showed similar but slightly price uptrend as solar wafers. Spot prices of poly-silicon increased slightly on week. Spot prices of solar modules maintained stable. Some solar module vendors had adopted dollar-denominated pricing to prevent fluctuations in the Euro.
Poly-silicon vendors kept pricing appreciation policies recently. Spot poly prices had increased steadily since we first observed from our supply chain survey during the last week of 2011. Rather than reducing costs of poly feedstock, wafer manufacturers now had focused more on increasing their ASPs of wafers. Spot wafer price uptrend continued, and wafer vendors tried to pull up price further in the coming week. High-efficiency products remained more popular than mainstream products, and thus mono wafers still showed more significant price uptrend than multi wafers.
Followed by the price rebounding last week, spot prices of solar cells kept increasing this week. Solar cell manufacturers tried to increase their prices with same magnitude as their wafer costs. However, solar cell vendors were requested to provide with more advanced products such as higher efficiency, PID-free, or mono products. Although the connection volume in 1Q12 seems to be better than 1Q11, solar module manufacturers were not in a hurry to pull in too many solar cells beyond their ideal pricing range. They carefully arrange their material costs and managed their orders decentralized among different regions. Further tariff cuts in German or UK were still not decided yet, and some system vendors thought positive about PV prospect for the first quarter of 2012.
Due to more decentralized markets afterward, it should be noted that emerging markets would be more important in 2012. (See PVinsights Premier Service - System connection forecast by regions) There are some specific factors in these countries, such as tariff policies, product preference, weather conditions, and etc. PVinsights expects that successful PV companies in 2012 should expose themselves in emerging markets and have more specific niche products.