Major solar prices show the clear downtrend

Both prices of multi-crystalline and mono-crystalline solar panels fall this week. As China is heading into the slow season, the prices of solar panels in China have observed a noticeable decline. Meanwhile, with more and more trade-friendly capacities available outside China, major Chinese module makers, such as Jinko, are able to enter the U.S. market with more competitive price, and using strategic pricing to gain more market share in the U.S., the highest solar panel price over the world. With the obvious price competition, solar panel price in the US has shown the obvious drop recently. In Europe, as more Chinese module makers exit the MIP agreement, and leveraging the capacities available in the third countries, solar panel price in Europe is also pressured.



Both prices of multi-crystalline and mono-crystalline solar panels fall this week. As China is heading into the slow season, the prices of solar panels in China have observed a noticeable decline. Meanwhile, with more and more trade-friendly capacities available outside China, major Chinese module makers, such as Jinko, are able to enter the U.S. market with more competitive price, and using strategic pricing to gain more market share in the U.S., the highest solar panel price over the world. With the obvious price competition, solar panel price in the US has shown the obvious drop recently. In Europe, as more Chinese module makers exit the MIP agreement, and leveraging the capacities available in the third countries, solar panel price in Europe is also pressured. In Japan, solar panel price also declines, as Chinese module makers are doing strategic price reduction over global markets. Moreover Japanese solar module makers are forced to scale down their price quotes. On the other hand, solar panel prices declines with relatively limited scope in India and Southeast Asia, as India is currently at the peak of PV installation and with less pricing competition by Chinese module makers in these regions. In addition, the demand of mono-crystalline module has improved significantly, yet the price still decreases this week due to the pricing competition fueled by Chinese mono-crystalline module makers.

Multi-crystalline cell price drops this week, while the end-market demand slows down. Furthermore, solar cell buyers could not bear the high-level price of solar cell to erode their profit margins. Besides, the production utilization rate of 2nd and 3rd tier solar cell manufacturers also slides down slightly. As the result, the prices of multi-crystalline cell are especially under pressure this week. As for mono-crystalline cell, the price remains stable this week as mono-crystalline module demand strengthens in China to improve mono-crystalline cell demand.

Multi-crystalline wafer price declines incrementally this week, since the downstream multi-crystalline solar cell and module prices are pressured. Moreover, the 2nd and 3rd tier wafer manufacturers are adjusting their price quotes downwards. However, as the demand remains solid, the decline is limited in scope. On the other hand, mono-crystalline wafer price remain stable this week as supported by the improved demand in China. The demand of mono-crystalline products increases substantially in China, which balances out the negative effect brought by the price downtrend of multi-crystalline wafer.

Poly-silicon price increases more clearly this week. Due to the recently announced FBR silicon production curtailment by REC silicon, some of the Chinese poly-silicon suppliers are utilizing this issue to raise their price quotes, with noticeable increment. With the uptrend of poly-silicon price in China, the poly-silicon producers outside China also intend to increase their price quotes as well. Nevertheless, since some poly-silicon suppliers are offering competitive priced quotes to their strategic partners, it limits the scope of ascending poly-silicon price this week.

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