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Solar Module Prices Keep Rising due to Upstream Silicon Shortage

2022-06-30


SMM(www.metal.com) data shows that as of June 20, the polysilicon restocking price has risen from the average
price of 35 USD/kg in early January to 42 USD/kg, an increase of nearly 20%. Analysis shows that the current market
is still in short supply, and most companies maintained full production in June.

( P1: 2021-2022 China Solar Grade Silicon Material Price Tracker,Source: PV-tech)
( P2: Price Trend of Various Segments of the Industry Chain, Source: TrendForce, published in May,2022)
 
According to price monitoring of photovoltaic industry chain of SOLARZOOM, current polysilicon in China market is
in short supply and at a high price range. Due to one silicon manufacturer’s factory in China caught fire in June, the
silicon production output will decrease around 2,500 tons per month. These series of impacts caused by this accident
will bring the silicon material prices to a even higher level.

In the meanwhile, several main silicon manufactures in China have started their yearly safety maintenance of the
production equipment and factories ahead of schedule, which has further increased the tension of silicon material
supply.

For more details, please check:
1.(2022/5/18)Module Inflation is Now an Established Tendency (https://www.energytrend.com/research/20220518-28611.html);
2.(2022/6/15)Cell prices rise on short supply as upstream shortage persists (https://www.infolink-group.com/en/solar/spot-price);
3.(2022/6/21)Polysilicon prices approaching record highs (http://m.solarzoom.com/article-167391-1.html).

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