LONGi raises wafer rates by 4% as hopes of falling costs fade

• LONGi has actually increased its wafer rates for a second time in simply over a month as hopes of falling prices fade as well as China shuts down for a week for its annual Luna New Year holiday.

LONGi the other day (27 January) upped the price of its P type M10 165μm Mono Wafer (182/247mm) to US$ 0.888. Its P type M6 165μm Mono Wafers (166/223mm) have increased to US$ 0.744. As well as its P type 165μm Mono Wafer (158.75/ 223mm) has actually risen to US$ 0.717.

The most up to date cost hike adheres to a boost on 16 January 2022, which was triggered by a quake interfering with production in Qinghai.

There had been really hopes the price of wafers would certainly fall after LONGi dropped its prices by 5% on 16 December 2021. In a declaration at the time, LONGi said the price adjustment was caused by conditions upstream, with wafer price reductions anticipated to backfire further down the value chain.

However this has actually not materialised and LONGi's price hike yesterday stood for a 3.7% get on the rate of its P type M10 165μm Mono Wafer (182/247mm), a 3.8% rise for its P type M6 165μm Mono Wafers (166/223mm) as well as a 4% boost for its P type 165μm Mono Wafer (158.75/ 223mm).

Meanwhile, Polysilicon prices bordered upwards again today to RMB238/kg (US$ 37.4), up 1.7%, according to data from PV InfoLink.