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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.
FOB China : The Chinese Module Marker (CMM), OPIS benchmark assessment for TOPCon modules from China, remained stable at $0.087/W free on board (FOB) China, with price indications between $0.085-$0.095/W on a FOB basis.
Spot prices have softened in recent weeks as manufacturers push to clear “old stock” before the end of the year. According to a Southeast Asian module buyer, several manufacturers are clearing stock ahead of the release of new module specifications for 2025. The average module price in October was $0.089/W, down 4.3% month-on-month, according to OPIS data.
“We expect prices to decline further for 2025 delivery as demand remains weak and inventory levels remain high,” a top-tier module vendor told OPIS. The vendor noted that declining solar cell demand may put further pressure on cell prices or at least prevent any near-term increases.
DDP Europe : TOPCon module prices fell slightly, while Asian module overproduction remains high and European demand remains flat. OPIS assessed the average price at €0.101/W, down 0.98%, with indications ranging from a low of €0.080/W to a high of €0.120/W.
Freight rates for the China/East Asia-Northern Europe ocean route decreased by another 1% to $3,489 per forty-foot equivalent unit (FEU). This corresponds to $0.0083/W.
Asia-North Europe and Mediterranean sea freight rates closed October 30% lower than a month ago and have hit their lowest point, according to market observers.
DDP US : Prices are down slightly this week, with OPIS assessing the spot price for DPP US utility-scale TOPCon modules at $0.285/W, while forward guidance shows the slightly higher price in Q1 2025 at $0.296/W and Mono PERC modules for the same delivery period at $0.284/W.
According to sources, further guidance on the local content bonus is expected by the end of the year. A large-scale deal with TOPCon modules assembled with US cells (made from imported wafers) was closed at $0.45/W with module delivery in June or July 2025.
Last week, the agency adjusted the CVD rate for Jinko’s Malaysian subsidiaries from 3.47% to 9.92%, and the rate for “all others” from 9.13% to 12.32%, after acknowledging a “ministerial error” in its calculations. Following the new subsidy allegations brought by the petitioners, the DOC is also investigating the “cross-border” supply of silver paste and solar glass in Southeast Asia. |
