Worth monitoring establishments launched the newest costs throughout the PV industrial chain on 15 December, all exhibiting a downward pattern.
Silicon materials and wafer costs proceed to fall. Beneath the stress from downstream segments, mainstream buying and selling costs continues to drop, amongst which, mono-dense poly is traded at RMB277/kg (US$39.72/kg), reaching as little as RMB268/kg.
The costs of mainstream PV wafers have declined at an accelerating velocity within the final two weeks, with producers quoting ever-lower costs each day.
In response to market analysis agency PV InfoLink, the present worth of every mainstream specification is considerably decrease than what the main producers beforehand printed, and there was nonetheless no signal of costs stabilising as of final Wednesday.
The mainstream citation of 182mm/150μm wafers has fallen beneath RMB6 per piece and that of 210mm/150μm wafers has dropped to RMB8 per piece.
There have been additionally vital declines in cell costs, falling by 6-8% final week. The mainstream buying and selling worth of M10 cells dropped to round RMB1.2/W and that of G12 cells was about RMB1.22/W.
The decline has additionally been seen when it comes to module pricing. As a result of outstanding declining pattern within the provide chain, some corporations have determined to postpone purchases till subsequent 12 months.
PV InfoLink exhibits the worth of 500W+ single-glass modules final week was about RMB1.84-2/W and dual-glass module pricing was RMB1.88-2.03/W. The worth vary continued to broaden within the fourth quarter, and costs for modules delivered earlier than the tip of December continued to fall.
On the identical time, quotations inside the Chinese language market and abroad for the start of subsequent 12 months proceed to say no. Quotations for photo voltaic modules in Q1 2023 have fallen to RMB1.84/W.
Weak demand for centralised installations inside China coupled with Christmas vacation depart abroad, in addition to gross sales returns in markets such because the US, some module producers are slicing the costs of a few of their merchandise at a sooner velocity.
With falling costs of upstream silicon supplies and wafers, the trade expects costs to proceed to fall subsequent 12 months, and module costs will decline additional. Silicon materials pricing could be very more likely to fall subsequent 12 months, so the worth of modules is projected to be decrease.