Premium

PV Price Watch: Silicon material prices up 11%, market becomes more active

By Carrie Xiao
Facebook
Twitter
LinkedIn
Reddit
Email
The Silicon Industry Branch said that the main reasons for the continued price rise and the large trading volume last week include the relatively low operating rate of wafer companies. Image: PV Tech.

On 8 February 2023, the Silicon Industry Branch of China Nonferrous Metals Industry Association updated the latest weekly silicon material prices, which rose to a higher level again.

According to the public information, China’s mono recharging chip prices last week were RMB220,000-249,000 (US$32,231-36,480) per ton, with the average transaction price at RMB242,300 per ton, a week-on-week increase of 11.40%.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Mono dense poly prices were RMB218,000-247,000 per ton, with the average transaction price at RMB239,900 per ton, a week-on-week rise of 11.48%.

The Silicon Industry Branch said that silicon material prices continued to climb last week, seeing a weekly growth of about 11%.

Mainstream transaction prices of mono recharging chips were RMB230,000-245,000 per ton, with the gap between the highest and the lowest prices narrowing slightly.

However, the transaction prices of first- and second-tier enterprises are still differentiated. The cheapest mono recharging chip is RMB220,000 per ton, while the highest is about RMB250,000 per ton.

More than 10 companies sealed new orders, indicating that the market is becoming significantly more active. Most companies receiving new orders have arranged them until mid-February.

The Silicon Industry Branch said that the main reasons for the continued price rise and the large trading volume last week include the relatively low operating rate of wafer companies.

Short supply bolstered the sharp increase in wafer prices, which is higher than the cost of its raw material – polysilicon. As a result, rising silicon prices are more tolerable to the wafer companies.

Previously the operating rate of wafer companies remained very low, and the inventory has been used. Therefore, the increase in operating rate is inevitable as the wafer price offers a considerable profit considering the short supply in the market. As a result, the actual transaction volume of silicon materials increased significantly last week.

Looking back at the first week after Chinese new year, silicon material prices have already risen sharply. Compared with the previous two weeks, various types of silicon materials in China rose by about 31%, attracting significant attention.

In addition, closely following the trend of silicon materials, wafers and cells also showed a rapid rebound after a rapid decline.

On 4 February, TCL Zhonghuan announced an update to its silicon wafer prices, with various sizes rising sharply. 150μm p-type 210 and 182 wafers were RMB8.2 per piece and RMB6.22 per piece, respectively, up by RMB1.1 and RMB0.82 from prices on 23 December.

The week before last, following the upstream wafer rally, transaction prices of cells increased accordingly. The mainstream prices came to about RMB1.00-1.03/Watt.

On Monday 6 February, module manufacturers reflected that mainstream cell companies also announced a price increase, reaching RMB1.15-1.2/Watt.

Within the supply chain, the upstream price trend passed on to the downstream, and even module prices showed signs of a rebound. Currently, some module manufacturers quoted from RMB1.65/Watt to RMB1.7-1.75/Watt, and even approaching RMB1.8/Watt.

Research firm Infolink said that since the supply chain is still volatile, prices in February and March are expected to temporarily stabilise at RMB1.75-1.8/Watt.

Module prices (RMB/Watt)Price rangeAverage price
Monofacial mono PERC module-166mm1.72-1.771.75
Monofacial mono PERC module-182mm1.76-1.801.78
Monofacial mono PERC module-210mm1.77-1.811.79
Bifacial mono PERC module-166mm1.73-1.781.76
Bifacial mono PERC module-182mm1.75-1.811.78
Bifacial mono PERC module-210mm1.78-1.821.80
7 February price tracking from Shanghai Metals Market.

The Silicon Industry Branch said that according to the upstream and downstream production schedule, Q1 supply and demand of silicon materials are expected to be relatively balanced. Under the condition that the downstream operating rate is raised to a normal level and procurement is normal, silicon material prices can basically be stable.

According to the analysis of third-party institutions, the current fluctuations do not affect the price trend of the whole year, and there is still room for a subsequent decline in the cost of the industry chain. The overall price trend of the PV industry chain in 2023 is expected to decline significantly, reducing the cost of PV power generation, thereby improving the internal return rate of power plants.

10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

October 3, 2025
Chinese government policies and supply-side production cuts will drive a significant increase in solar and storage component costs.
September 30, 2025
Chinese solar firm SoleFiori (Hongjun New Energy) has signed an agreement with the Saudi Arabian government to build a 6GW heterojunction technology (HJT) module production facility in the country.
September 26, 2025
Chinese president Xi Jinping has unveiled a new climate target for China at the United Nations Climate Change Summit, which aims to cut by 7-10% China's peak greenhouse gas emissions by 2035.
Sponsored
September 26, 2025
Over the past three years, Tongwei has made a remarkable leap in the solar sector, shipping over 100GW of modules at record-breaking speed.
September 23, 2025
JinkoSolar and LONGi Green Energy have agreed to terminate ongoing patent lawsuits, and enter into a 'cross-licensing agreement'/
September 17, 2025
Chinese module producer DAS Solar is planning a 5GW manufacturing facility focused on producing high-efficiency back contact cells.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA
Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland