Solar value chain jitters continue as polysilicon price gets to new high, wafer prices climb additionally

• The solar sector supply chain's jitters continued this week after polysilicon prices hit one more high, driving silicon wafer prices better up as well.

Today's polysilicon rates upgrade recorded prices of as much as RMB280/kg (inclusive of China's 13% sales tax obligation, equivalent to about US$ 37/kg omitting that tax obligation), with an ordinary price of around RMB276/kg (US$ 36.49/ kg leaving out China's sales tax).

Prices leapt by about 2.6% on last week's price, which itself marked the first time prices rose above last year's high of RMB269/kg and totaled up to an 11-year high.

Polysilicon prices have actually climbed throughout the year however have actually leapt greatly in current weeks on the back of continual demand and panic buying from wafer suppliers. Supply scarcities have been more exacerbated by a fire at an East Hope-owned center in Xinjiang which is set to minimize its outcome for around one month.

The effect of the fire has been restricted as the center resulted from start upkeep works, with other polysilicon production centers in the country likewise expected to begin upkeep works regardless of the high market need.

As PV Tech Premium's PV Price Watch function kept in mind earlier today, consistently high polysilicon prices-- paired with a bottleneck at the ingoting stage-- have actually ricocheted down solar's value chain, increasing solar wafer as well as module prices in current weeks.

Earlier today LONGi validated one more boost in its wafer prices, prices rising by around 6% to the highest they have actually been in current years.

Solar prices are expected to remain high until completion of this year when a slate of new polysilicon production capacity is anticipated ahead online, reinforcing supply.