Both of multi-crystalline and mono-crystalline module prices decrease this week, due to the slowdown of global demand and the price competition lead by Chinese module makers. Some major markets, such as China, Europe, and Japan, are to step into the traditional slow season in March, therefore, solar panel prices are under pressure following the demand weakening. Moreover, the price competition which leads by Chinese module makers also pressurizes solar panel prices. As leveraging their capacities outside China, some Chinese module makers can import their products into the U.S. and Europe without paying the punitive tariff, and using the price competition to gain more market shares in these regions.

Both of multi-crystalline and mono-crystalline module prices decrease this week, due to the slowdown of global demand and the price competition lead by Chinese module makers. Some major markets, such as China, Europe, and Japan, are to step into the traditional slow season in March, therefore, solar panel prices are under pressure following the demand weakening. Moreover, the price competition which leads by Chinese module makers also pressurizes solar panel prices. As leveraging their capacities outside China, some Chinese module makers can import their products into the U.S. and Europe without paying the punitive tariff, and using the price competition to gain more market shares in these regions. As the result, the multi-crystalline module price decreases clearly this week. On the other hand, the demand of mono-crystalline solar panels has improved in China, but the price is still going down because some solar panel makers are doing strategic price reduction which leads the price of mono-crystalline module to drop even with the improved demand. Besides, RMB also becomes weak against USD this week, so currency exchange rate affects solar panel price drop more severely.

Multi-crystalline cell price decreases this week, as the demand of end-market turn slower. Since solar panel prices are going downwards, solar cell buyers now have less purchasing power, and have to ask the solar cell suppliers to reduce multi-crystalline cell procurements with high price. Multi-crystalline cell suppliers are willing to accept the quote adjustments as most of them could still retain good profit margin. Hence, multi-crystalline cell prices are being pulled down by the slower end-market demand. On the other hand, mono-crystalline cell price remains stable this week, since mono-crystalline cell suppliers could not lower their prices as the wafer cost go up, or increase the price neither as the module price go down. As the result, mono-crystalline stand still this week as balanced out by the two diverging forces.

Multi-crystalline wafer price declines this week, although the demand remains at a certain level. With the price downtrends of multi-crystalline module and cell, the price of multi-crystalline wafer is also being affected, and results in a reduction of price. Moreover, multi-crystalline wafer demand is gradually decreasing, so the buyers become more cautious to purchase. On the other hand, the price of mono-crystalline wafer increases this week, as supported by the improving demand in China. Due to the improving demand of mono-crystalline module, mono-crystalline wafer makers increase their price quote successfully, mainly outside China. In China, major buyers are still able to keep their price stable, since major mono-crystalline wafer makers agree to offer them stable price for a couple of months for the incentives to boost mono-crystalline market demand. As the result, the mono-crystalline wafer price improves this week.

Poly-silicon price increases this week, after poly-silicon suppliers successfully raise their price quote with obvious increment in China. Furthermore, some poly-silicon buyers are still buying poly-silicon to fulfill their manufacturing for their orders. Following the price rising in China, poly-silicon players outside of China are successful to raise their price quotes continuously this week. As the result, the poly-silicon prices are moving upwards due to the price improvement inside and outside of China.