Solar panel prices continue the downtrend this week, due to sluggish global demand. In China, solar panel prices are facing the obvious price reduction, since solar demand is weakening. Moreover, the traditional rush installation in Japan and India are heading the end in March, so major solar panel buyers are now reducing their procurement sharply. The slow demand pressurizes the solar panel prices in these regions. Moreover, with more trade-friendly capacities available, Chinese module makers now can strengthen their market share in the U.S and the EU by offering more competitive prices.

Solar panel prices continue the downtrend this week, due to sluggish global demand. In China, solar panel prices are facing the obvious price reduction, since solar demand is weakening. Moreover, the traditional rush installation in Japan and India are heading the end in March, so major solar panel buyers are now reducing their procurement sharply. The slow demand pressurizes the solar panel prices in these regions. Moreover, with more trade-friendly capacities available, Chinese module makers now can strengthen their market share in the U.S and the EU by offering more competitive prices. In the U.S. and the EU, solar panel prices are also suppressed by the escalation of price competition. Hence, overall solar panel prices are driven down by the global decreasing demand and the price competitions lead by Chinese module makers.

Multi-crystalline cell declines more obviously this week, as pressured by the severe price reduction by some leading Chinese module makers. As the downstream solar panel prices continue going downwards, multi-crystalline cell price is also being pressured by major Chinese buyers. Besides, facing the solar panel price competition from major Chinese players, non-Chinese solar panel makers are looking for lower price of multi-crystalline cells to fit the cost structure. Moreover, major multi-crystalline cell suppliers can still make the profits under the current price level but some downstream solar panel makers are close to breakeven point. As a result, multi-crystalline cells perform the consecutive price drop this week. On the other hand, mono-crystalline cell price remains steady this week, benefited from the improving demand in China. Since major Chinese solar panel makers are promoting mono-crystalline panel in China for top runner projects now, mono-crystalline cells improve clearly. Although the demand is improving, solar panel makers are not able to accept any mono-crystalline cell price rising. As result, mono-crystalline cell price remain steady this week.

Multi-crystalline wafer drops limitedly this week, since the demand does not drop sharply. At this moment, major solar cell makers keep running their factory at high production utilization rate so as to purchase wafers at a certain quantity. However, due to the price downtrend of downstream components, multi-crystalline wafer price also being pressurized. Nevertheless, under the solid demand and the price drop on downstream components, the price drop is moderately. Major mono-crystalline wafer suppliers continue to raise price successfully this week, due to the temporarily tight supply situation. Since major Chinese solar investors are interested in investing their solar projects on mono-crystalline products, mono-crystalline wafer demand improves noticeably recently. However, some major Chinese mono-crystalline wafer maker reduced their production utilization rates in Feb and in Mar, due to the blackout issue in Inner Mongolia. With the improving demand and the production curtailment, the tight supply situation leads the mono-crystalline wafer price to increase.

Poly-silicon price remains the uptrend this week as major suppliers are pushing the price up. As polysilicon price has reached to a relatively high level and the prices of downstream components are heading the bear market, the polysilicon buyers are reluctant to accept further price hike. Meanwhile, the polysilicon prices on overseas market have less price increment than the polysilicon in China, as some American polysilicon makers are still dumping their poly-silicon outside China. As the result of the continuous price improvement in China, overall polysilicon price increases constantly this week.