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LONGi cuts price of monocrystalline silicon wafers thrice in a month, prelude to eliminate outdated capacity

April 20, 2020


Abstract : LONGi Green Energy Technology Co., Ltd. (601012.SH) has recently announced a price offer for its monocrystalline silicon wafers, which is more than 10 percent lower than the last offer. It is the second time in just 10 days that LONGi has lowered the price of monocrystalline silicon wafers.

BEIJING, April 20 (Xinhua) -- LONGi Green Energy Technology Co., Ltd. (601012.SH) has  recently announced a price offer for its monocrystalline silicon wafers, which is more than 10 percent lower than the last offer. It is the second time in just 10 days that LONGi has lowered the price of monocrystalline silicon wafers, and also the third time in a month for it to do so.

In the wake of LONGi, Tongwei Co., Ltd. (600438.SH), a leading polysilicon producer in China, also lowered the price of monocrystalline and polysilicon batteries, a drop of about 0.14 yuan per watt.

Industry insiders here believed that the price cut initiated by the leading companies in the industry indicates that the PV industry has opened a prelude to the elimination of backward production capacity and the high-cost production capacity.

As showed in LONGi's website, price of its monocrystal P-type M6 silicon wafer fell from 3.26 yuan/piece to 2.92 yuan/piece, down 0.34 yuan/piece or 10.4 percent, and that of the monocrystal P-type 158.75mm silicon wafer was down from 3.17 yuan/piece to 2.83 yuan/piece, a decrease of 0.34 yuan/piece or 10.7 percent.

It is worth noting that LONGi has not offered the price of M2 silicon wafers for two consecutive months, releasing a signal that low-end production capacity is gradually withdrawing from the mainstream market.

"Affected by the COVID-19 pandemic, overseas demand will be badly hit, and it will affect domestic desire for installation through the price mechanism," said Ma Yiwei, vice president of the SOLARZOOM, a new energy information provider.

At present, photovoltaic modules, batteries, silicon wafers, and silicon materials have all experienced significant impacts in terms of the inventory, operating rate, and price. In the next two to three months, it is sure to see further drop in product prices, he added. (Edited by Hu Pingchao with Xinhua Silk Road, hupingchao@xinhua.org)

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