Solar module price downtrend starts as Chinese module players are able to export into the US by imposing the AD and CVD duties. In China, module pricing remains on a downtrend as demand recovers slowly. The current multi cell prices are near or below cash cost or variable cost.
Overall module price drops moderately this week. In the US, module price downtrend starts as Chinese module players are able to export into the US under the current price level despite the US countervailing and antidumping duties. In China, module pricing remains on moderate downtrend as demand recovers slowly. In the EU, stable downstream demand and constant module pricing supports the current project cost, room for price cut is limited. Therefore, module price moderately drop this week.
Overall cell price drops slightly this week. The current ASP of multi cell pricing is near or below cash cost. Besides, more and more cell makers transfer their production from multi cell to mono cell, which eases the price pressure on multi cells. The latest announcement of lower tariff imposed on Taiwanese cell makers allow some Taiwanese regain the order from downstream, which eases the price competition among Taiwanese cell makers. Therefore, multi cell price drop moderately this week. As for mono cells, due to the increasing supply, mono cell price drops. In EU, high efficiency mono cell price remains stable with less price competition. As the result, mono cell price decreases slightly this week.
Overall multi wafer price drop moderately this week. In China, first tier wafer makers maintain fairly stable pricing under constant demand and polysilicon pricing. In Taiwan, wafer companies cut prices to compete with Chinese wafers. However, as demand remains limited, many Taiwanese wafer companies lower utilizations to adjust inventory. With Taiwanese cell price drops less severely, Taiwanese wafer price cut pressure also eases. Overall multi wafer price therefore moderately drop this week. As for mono wafer, the demand for mono wafer remains fairly constant supporting their current price level. Therefore, overall mono wafer price remains stable this week.
Polysilicon price drops slightly this week. In China, polysilicon pricing is not affected by the Chinese government announcement regarding the application for polysilicon processing for trade since solar companies still have until yearend to finish the previous applied businesses. Without significant deployment improvement in China, polysilicon pricing remains fairly stable since Chinese solar companies still operate at high utilizations. While in Taiwan, spot polysilicon face increasing price cut pressure as wafer demand weakens. Therefore, overall polysilicon pricing moderately drop this week.