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In a new weekly update for pv magazine , OPIS, a Dow Jones company, provides a quick look at key price trends in the global PV industry.
Cell prices were assessed stable in the week to Tuesday as the Chinese market remained closed during September 15-17 for the Mid-Autumn Festival. FOB China Mono PERC M10 cell and TOPCon M10 cell prices were flat at $0.0354/W while FOB China Mono PERC G12 cell prices were assessed unchanged at $0.0372/W week-on-week in the absence of trading activity.
Demand was weak, with market participants staying on the sidelines due to the holiday season. Recent price declines in the cell segment amid uncertainty over when this downward trend will stop also dampened sentiment. Prices for M10 PERC cells fell 21.68% from January this year, while those for M10 TOPCon cells dropped 39.4% in the same period through Tuesday, according to OPIS data.
A further reduction in cell prices would trigger manufacturers to shut down production lines, as current cell prices are below production costs. On the other hand, some market participants expect a slight increase in cell prices after the holiday, as cell manufacturers have been considering price increases amid slight gains in the upstream wafer segment over the past few weeks.
In the Chinese domestic market, prices remained stable. The prices of Mono PERC M10 and TOPCon M10 remained unchanged at 0.290 yuan (0.041 USD)/W, week on week, while that of Mono PERC G12 remained stable at 0.300 yuan/W from the previous week.
China exported about 4.65 GW of solar cells in July, most of them destined for India, according to an industry source.
Outside China, India’s Ministry of New and Renewable Energy (MNRE) is seeking feedback on draft guidelines for a solar cell-specific Approved List of Models and Manufacturers (ALMM), with a view to implementation by April 1, 2026, according to a memo published on Sept. 7.
The memorandum states that all projects falling within the scope of the ALMM must obtain their photovoltaic modules from models and manufacturers included in List I of the ALMM for solar photovoltaic modules. These modules must, in turn, use solar photovoltaic cells from models and manufacturers included in List II of the ALMM for solar photovoltaic cells.
US trade officials on Friday set new Section 301 tariffs of 50% on cells, whether assembled into modules or not, from China. They will take effect on September 27. More interestingly, the US Trade Representative proposed in the same statement that the same tariff be applied to polysilicon and wafers from China. This would force Chinese companies to completely rethink their supply chains. The proposal on polysilicon and wafers will be subject to a public comment period, details of which will be communicated separately.
OPIS, a Dow Jones company, provides energy prices, news, data and analysis on gasoline, diesel, jet fuel, LPG/LNG, coal, metals and chemicals, as well as renewable fuels and environmental commodities. In 2022 it acquired the pricing data assets of the Singapore Solar Exchange and now publishes the OPIS APAC Solar Weekly Report . |
