Pent-up demand from what one source calls “all-time high” procurement, with China’s National Energy Administration approving a third batch of Gigawatt-base power projects, means falling prices could find a floor. According to the China Photovoltaic Industry Association, the country is set to install up to 120 GW of solar power in 2023.
According to the China Photovoltaic Industry Association, the country is set to install up to 120 GW of solar power in 2023. But manufacturers should have big module inventories accumulating, noted another source, which if unleashed on the market may suggest more downslides on the horizon.
Buyers will wait as long as their project allows them to do so, explained one veteran market observer, adding that he did not expect falling module prices to level off. OPIS expects significant price volatility ahead as buyers and sellers alike adopt a wait-and-see approach to the China module market’s direction.
However, 210RN cells may face more price pressure due to upstream price declines and rising inventory. The mainstream concluded price for 182mm facial mono PERC module is RMB 0.69/W, 210mm facial mono PERC module is priced at RMB 0.70/W, 182mm bifacial glass PERC module at RMB 0.70/W, and 210mm bifacial glass PERC module at RMB 0.71/W.
The global solar cell and module manufacturing industry is currently operating at a utilization rate of approximately 50%, according to the EIA. 27 June 2024 Trina Solar says it has launched mass production of 430 W to 455 W full-black PV modules. The Vertex S+ panels have efficiencies of up to 22.8% and we...
Trading remained subdued with few buyers in the market and these buyers were mostly bargain hunting, a market source said. Demand remained weak as upstream prices across the solar value chain had previously extended losses before the Labour Day holidays.