Polysilicon prices decline in the first half of the year can be countered in the second half of the year

Abstract January January 2015 China's polysilicon import volume was 9,309 tons, and the import volume continued to be historically high, although the chain ratio decreased by 1.12%, but it increased by 24.6%. Among them, the import volume of general trade mode was 3,529 tons, a decrease of 15.94% from the previous month.

January

In January 2015, China's polysilicon import volume was 9,309 tons, and the import volume continued to be historically high. Although the chain ratio decreased by 1.12%, it increased by 24.6% year-on-year. Among them, the import volume of general trade mode was 3,529 tons, down 15.94% from the previous month and up 6.1% year-on-year. The import volume of import processing trade was 3842 tons, and the import volume of processing and assembly trade was 271 tons.

The mainstream price of polysilicon imports to Germany is 18-22 US dollars / kg. The weighted average price of polysilicon imports in January was US$21/kg, up 10.53% from the previous month.

February

In February 2015, China's polysilicon import volume was 7558 tons, and the import volume dropped sharply, down 18.81% from the previous month and up 34.94% from the same period last year. Among them, the import volume of general trade mode was 2811 tons, down 20.35% from the previous month and up 104.7% year-on-year. The import volume of import processing trade was 2,903 tons, and the import volume of processing and assembly trade was 130 tons.

The mainstream price of polysilicon imports to Germany is 19-21.33 US dollars / kg. The weighted average price of polysilicon imports in February was US$19/kg, down 9.52% from the previous month.

March

In March 2015, China's polysilicon imports were 10,297 tons, a significant increase of 36.2% from the previous month. In the first quarter, the cumulative import of polysilicon was 27,164 tons, an increase of 26.5%.

Among them, the amount of polysilicon imported from South Korea reached 4,224 tons, and the import of polysilicon from the United States was 1,572 tons. The amount of polysilicon imported from Germany increased to 2,938 tons. In March 2015, China's polysilicon exports were 172 tons, an increase of 2.4% from the previous month. The cumulative export volume in the first quarter was 1,258 tons, an increase of 11.0% year-on-year.

April

In April 2015, China's polysilicon import volume was 10,897 tons, which increased by 5.8% on the basis of last month's 10,000 tons. In the traditional off-season of photovoltaic materials, the cumulative imports in the first four months of this year reached 38,061 tons, a significant increase over the same period last year. It has increased by 29.4%. At the same time, in order to occupy the Chinese market, the prices of polysilicon from the United States, South Korea and Germany have dropped from US$22.51/kg in April last year to US$19.67/kg in April this year, a drop of 12.6%, of which the price of Korean polysilicon is as low as 17.07. The US dollar/kg has further lowered the domestic market price, resulting in high inventory of domestic polysilicon enterprises and an increase in losses.

May

1. Import volume

In May, China's polysilicon imports amounted to 11,085 tons, and the import volume reached a record high, up 1.73% from the previous month and up 59.52% from the same period last year. Among them, the import volume of general trade was 3,683 tons, down 22.51% from the previous month and up 240.7% from the same period last year. The import volume of import processing trade was 3,900 tons, and the import volume of processing and assembly trade was 262 tons.

2. Import source

Among them, the import volume to Germany is 3,402 tons, the import volume to the United States is 2,406 tons, the import volume to South Korea is 4,027 tons, the import volume to Japan is 39 tons, and the import volume to Norway is 199 tons. The import volume to and from Malaysia was 291 tons, and the import volume to Taiwan was 711 tons. Imports to Germany fell by 7.23% from the previous month to about 265 tons, and imports from South Korea rose by 6.093% to about 231 tons. Imports of polysilicon from the United States rose by 51.89% to about 822 tons. Imports from Japan fell by 79.03. %% was about 147 tons, and imports from Norway and Malaysia as well as Taiwan, Japan and Germany fell from the previous month, and other regions rose from the previous month. The import volume of import processing trades increased by 24.32% from the previous month to approximately 763 tons.

3. Price status

The weighted average price of customs transactions was $20/kg, up 4.76% from the previous month. In May, China imported a large amount of polysilicon from Germany, an increase of 85.6% compared with the same period last year, accounting for 30.69% of total imports in April. Among them, 1,566 tons of polysilicon imported by processing trade, accounting for 46.03% of the amount of polysilicon imported from Germany, and more than half of the transaction price is below 20 US dollars, which means that polysilicon enterprises in Germany and other EU countries have not complied with bilateral agreements.

4, the price distribution

The mainstream price of polysilicon imports to Germany is 17.22-23.92 USD/kg. Of the 17 transactions coming to Germany this month, 14 transactions are in this range. The purchase price of Trina is 19.51 USD/kg, down 1.27%. The purchasing price of Jingke was US$17.22/kg, up 1.18%. According to the understanding of GCL, GCL imported 50 tons of polysilicon from South Korea in May, and the price is 15 US dollars / kg, the price is lower than the price of domestic polysilicon.

summary

The average import price in January-May was US$19.75/kg, down 8.8% year-on-year. The “double suppression” of the quantity and price of imported polysilicon has led to high stocks of domestic polysilicon enterprises. The domestic price has fallen nearly the same as the cost line. The impact of import dumping on the domestic market is still continuing.

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