Cell prices are falling, and it is being weighed down by the continuing drop in front-end prices



In a new weekly update pv magazineOPIS, a Dow Jones company, provides a quick overview of the most important price trends in the global solar industry.

Mono G1 and M6 cell prices remain unchanged for the week at $0.1529/W and $0.1316/W; Very few transactions have been reported in the market around Mono G1 and M6 cells. However, multi-cell prices fell 2.75% this week to $0.1095/W, with a source at a major multi-cell manufacturer explaining that the price is expected to drop further due to significant price reductions in front-end materials.

Although prices in the solar value chain are currently falling, one market participant revealed that cell prices are expected to stabilize in the coming weeks due to limited growth in p-type cell production. Despite this expectation, cell manufacturers continue to maintain a high level of activity on their lines, as the market inventory of the cell segment is still at a manageable level.

According to a source from a leading Tier-1 cell manufacturer, they have switched a large part of their production lines from M10 cells to G12 cells due to the high demand for G12 cells, which has also led to the price difference between Mono G12 and G12. M10 cells. The current market share ratio of 20-80 for n-type TOPCon and p-type cells is expected to stabilize at 50-50 by mid-2024, the source further explained.

In the future, the cell price development is expected to reflect the prices at the beginning, but with smaller and gradual drops.

Meanwhile, downstream market participants confirmed that module prices will remain unchanged this week despite changes in upstream prices. Like its peers, a source at a leading Tier-1 manufacturer said they will not have any announcements on pricing until after SNEC, suggesting that deals between industry players during the fair will “change pricing.”

OPIS, a Dow Jones company, provides energy prices, news, data and analysis on gasoline, diesel, jet fuel, LPG/natural gas, coal, metals and chemicals, as well as renewable fuels and environmental commodities. It acquired pricing data assets from the Singapore Solar Exchange in 2022 and now publishes the OPIS APAC Solar Weekly report.

David is a passionate writer and researcher who specializes in solar energy. He has a strong background in engineering and environmental science, which gives him a deep understanding of the science behind solar power and its benefits. David writes about the latest developments in solar technology and provides practical advice for homeowners and businesses who are interested in switching to solar.

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