Longi Green Energy and TZE recently raised the price of silicon wafers, Longi Green Energy’s N-G10L product price increased from 1.06-1.08 yuan to 1.15 yuan, N-G12R product price increased from 1.2-1.23 yuan to 1.3 yuan, the new price since August 29,2024 implementation.
Longi Silicon officially adjusted the external offer, among which:
The price of N-G10L is 1.15 yuan/piece.
The price of N-G12R is 1.3 yuan/piece.
The new offer is increased by an average of 5 cents per piece.
TZE also raised the price of silicon wafers, after adjustment:
G10N1.15 yuan/piece.
G12RN1.3 yuan/piece.
G12N1.5 yuan/piece.
The Longji official announced price increases, mainly hoping to break the current price war internal friction dilemma. It is understood that after Longi announced the price increase, other mainstream silicon wafer manufacturers in the current market have also raised their product prices at the same time, aiming to jointly promote the silicon chip price to return to the rational range.
Looking back at the photovoltaic market in the first half of this year, due to the imbalance between supply and demand in the industry, the silicon link took the lead in entering the irrational price competition state, although the market’s first tier manufacturers have maintained the single-watt cost industry leader, but the cost reduction speed is still less than the market price decline, and the silicon manufacturers Q2 as a whole are in a serious cash loss state. Some of the first tier of manufacturers, operating income fell by more than 50%, net profit fell by more than 150%.
According to the data of the China Photovoltaic Industry Association, in the first half of 2024, the output of domestic manufacturing polysilicon, silicon wafers, cells and modules increased by more than 32% year-on-year. Among them, the output of polysilicon was about 1.06 million tons, an increase of about 60.6%; Wafer production was about 402GW, an increase of about 58.9%; Cell production was about 310GW, an increase of about 37.8%; Module production was approximately 271GW, an increase of approximately 32.2% year-on-year.
In the face of sustained price declines, ending the current unsustainable industry losses as soon as possible is the common desire of all photovoltaic companies. This time, Longi and other silicon wafer manufacturers at this time back to the price of silicon wafer, obviously hoping to adjust the price to promote the industry out of the mire of low-price competition, back to a healthier competitive environment.
Post time: Aug-29-2024