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China solar module prices dive
In a new weekly update for pv
magazine,
OPIS, a Dow Jones company, provides a quick look at the main price
trends in the global PV industry.
June 09,
2023
By OPIS
![](images/images_06_13_2023/Bild1.v116-1200x896.jpg)
The Chinese Module Marker (CMM), OPIS’ benchmark assessment for
modules from China, declined for a second week running to $0.198 per W
as dramatic downslides in the country’s upstream segments pushed
module prices to their lowest level in almost three years, according
to OPIS data.
This 7.48% plummet – the largest percentage drop so far this year –
takes CMM below the psychologically significant level of $0.2/W.
Multiple market players pinned the slump on growing polysilicon
capacity in China and how China-made polysilicon is essentially back
at what one source calls a “reasonable price.” The latter, which OPIS
assesses as China Mono Grade, continued its inexorable march downwards
to 107.5 CNY ($15.10)/kg.
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China module prices are dropping rapidly, with opening bids for some
recent domestic projects all lower than CNY1.5/W, noted multiple
sources. Downstream demand is huge, with 48.31 GW installed in the
first four months of this year. Yet module shipments are still lower
than expected as prospective buyers, expecting further price drops,
delay their purchases, sources also concurred. 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. 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. But
manufacturers should have big module inventories accumulating, noted
another source, which if unleashed on the market may suggest more
downslides on the horizon.
OPIS, a Dow Jones company, provides
energy prices, news, data and analysis on gasoline, diesel, jet fuel,
LPG/NGL, coal, metals, and chemicals as well as renewable fuels and
environmental commodities. It acquired pricing data assets from
Singapore Solar Exchange in 2022 and now publishes the OPIS
APAC Solar Weekly Report.
Green Play Ammonia™, Yielder® NFuel Energy.
Spokane, Washington. 99212
www.exactrix.com
509 995 1879 cell, Pacific.
exactrix@exactrix.com
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