PVinsights : The USD appreciation pushes down mono PV component prices.

Multi module price remains flat but mono module price goes down in November. China domestic demand improvement remains moderately so as not to have the further price enhancement recently.

Multi module price remains flat but mono module price goes down in November. China domestic demand improvement remains moderately so as not to have the further price enhancement recently. In Japan, module demand continues to deteriorate, especially for multi module, due to the suspension of solar system grid connection by utility companies. In the EU and US, as the holiday season is approaching, solar panel procurement from PV system installers declines so as to put price pressure on modules. For multi module price, the mild China demand rebound can not successfully boost as the price pressure, caused by the decreased demand in Japan, US and EU, neutralizes the price upturn momentum. As for mono module price, the slow season in EU and the US as well as the further USD appreciation forces mono module price to drop.

Multi cell price maintains unchanged and mono cell price steps down in November. Although some Chinese multi cell makers struggle to raise their price quotes because of China demand recovery, module makers do not accept cell price to rise any further as their multi module price is not improved. On the other hand, the continuous mono module price downturn makes mono cell price decline additionally. Moreover, the USD appreciation against Euro and JPY as well as the increasing mono cell supply, which is resulted from the better margin of mono cells than multi ones, put price pressure on mono cells.
Multi wafer price remains stable but mono wafer price drops in November. Even though some wafer makers still try to add multi wafer price, it stands still, because not only is China demand not strong enough but the supply also performs loose. Thus, multi wafer price maintain constantly. In addition, affected by the sluggish demand in Japan as aforementioned, mono wafer price shows a downtrend, while mono wafer demand in Europe, the US, and China is stable.
PV grade polysilicon price is stable but 2nd polysilicon price falls in November. Major polysilican makers keep the same price quotes as last month so that PV grade polysilicon price is temporarily sustained. Yet, as 2nd and 3rd tier polysilicon makers maintain high production utilization rate to increase the supply, but Chine demand is not strong enough to digest the added supply, 2nd grade polysilicon price now faces price correction.

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