PVinsights : Slowing demand and rising inventory pressure lead to a drop in PV module price

The overall module prices experience the downtrend this week due to slowing demand and increasing inventory pressure. Demand in China is slow down in 2H13 owing to uncertain solar policy. Modules price in Europe drops this week, as system makers aim to reduce module cost to keep attractive IRRs.

The overall module prices experience the downtrend this week due to slowing demand and increasing inventory pressure. Demand in China appears decelerating in 2H13 owing to uncertain solar policy. Modules price in Europe drops this week, as system makers aim to reduce module cost to keep attractive IRR for investors. Some module makers, especially those with increasing inventory pressure, cut prices lower to digest excessive inventory. Furthermore, overall module prices in Japan are dragged lower due to intensified price competition from Chinese module peers, although module demand in Japan remains solid.


Overall cell prices fell sequentially this week amid rising concern over prospective demand momentum. Cell demand in Europe and China both turns weaker than the previously expected, although demand in China appears slightly better than Europe, which is attributed to postponed completion of some Golden Sun projects. However, non-Chinese cell makers are facing more price pressure from downstream clients due to waning demand and notable price comparison with China-made cells.

Multi wafer prices remain intact this week. Chinese wafer makers maintain stable price strategy in China due to concerns over weakening demand. On the other hand, there are marginal price increases in non-Chinese regions, as Chinese wafer makers reckon non-Chinese cell makers, already turning profitable, could afford the wafer price hike. As for the mono wafers, their prices decrease this week due to stronger-than-expected price resistance from downstream clients. With the recent Japanese yen depreciation, Japanese solar companies demand price cut for mono cells since their purchasing ability is deteriorating. As such, mono cell prices decrease this week affecting mono wafer pricing.

Polysilicon prices keep stable this week. Chinese polysilicon makers still attempt to raise price this week but fail to do so in the end. Most of polysilicon buyers give up buying polysilicon trunk and second-grade material. Instead, they prefer buying recycled polysilicon material to avoid the potential retroactive anti-dumping tariffs imposed by China. While China polysilicon anti-dumping cases remains unsolved, polysilicon makers thus keep price stability this week.

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