https://www.pv-magazine.com/2023/06/23/china-solar-module-prices-keep-diving/ Skip to content * Global * Germany * Spain * France * Italy * USA * Mexico * Latin America * Brazil * Australia * India * China pv magazine - Photovoltaics Markets and Technology Subscriptions [ ] [Search] * Global * Germany * Spain * France * Italy * USA * Mexico * Latin America * Brazil * Australia * India * China [ ] [Search] * Global * Germany * Spain * France * Italy * USA * Mexico * Latin America * Brazil * Australia * India * China * News + All news + Covid-19 + Applications & installations o Commercial & industrial PV o Grids & integration o Residential PV o Utility Scale PV + Hydrogen + Energy storage + Industry & suppliers o Balance of systems o Modules & upstream manufacturing + Markets & trends o Finance o Markets o Policy + Opinion & analysis o Opinion & analysis o Guidelines + Press releases + Sustainability + Technology and R&D * Features + pv magazine UP initiative + pv magazine Hydrogen Hub + Energy storage + Marketplace o Guggenheim Solar Index o Market overview: Large-scale storage systems o Market overview: Microgrid control systems o Module Price Index o PV Project Exchange + Archived: Solar Superheroes * Events + pv magazine Roundtables & Insights + Solar + Storage Espana + pv magazine Webinars + pv magazine Webinars: German + pv magazine Spotlights + pv magazine live + Event calendar + Galleries + Videos + Event partners * Awards + pv magazine Awards + Storage highlights * Partner news + Features o Soiling and solar + Special editions o Enel Green Power Special Edition o TBEA Special Edition o Growatt Corporate Edition o Huawei special editions o The FoxESS special edition o The smarter E Europe 2019 special edition o Energy Storage Highlights 2019 o Energy Storage North America Special 2018 o Energy Storage Special Edition 2018 + White papers o Clean Power Research: Solar data solutions to maximize PV project performance o BayWa r.e. 2019 grid parity white paper + News * pv magazine test + About + pv magazine test results * Print archive + Special editions + 2023 + 2022 + 2021 + 2020 + 2019 + 2018 + 2017 + 2016 + 2015 + 2014 + 2013 + 2012 + 2011 + 2010 * About + About us + Community standards + Contact us + Editorial team + Jobs + Newsletter + Subscribe * Advertise China solar module prices keep diving 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 23, 2023 OPIS * Markets * Modules & Upstream Manufacturing * Opinion & Analysis * World [Bild1] Image: OPIS Share Icon Facebook Icon Twitter Icon LinkedIn Icon WhatsApp Icon Email The Chinese Module Marker (CMM), OPIS' benchmark assessment for modules from China, dived to $0.173 per W, falling for a fourth week running to its lowest value ever according to OPIS data. In the aftermath of Intersolar Europe, the market must reckon with clear signals that the region is oversupplied with modules, as well as how China polysilicon prices upstream are very close to their floor. The 11.73% week-on-week plunge is also record-breaking in being CMM's largest percentage drop ever. It comes as OPIS contacts, during and since Intersolar, have almost unanimously highlighted that prices are falling fast and hard. The majority saw prices in the $0.170-0.175/W range, with numbers as low as $0.150/W heard. Some did not share prices as they assessed the degree of the drop. [Bild1] With a similar unanimity, market players also lamented the overstocked state of Europe's module inventories, which face falling values and which curtail further shipments. Europe installed a record 46.1 GW of solar power in 2022, according to a SolarPower Europe report. But around 85 GW of modules were shipped there last year, with the remainder ending up in warehouses owned by Chinese companies across Europe, according to a veteran market observer. Given these modules represent 2022's much-higher-than-present prices, it is better to get them sold now, before prices fall further and companies risk losing even more, the veteran added. Popular content A continent away from Europe, China polysilicon prices have plummeted to CNY63.5 ($8.84)/kg, on the threshold of the CNY60/kg figure OPIS contacts generally consider the material's cost figure. It is a "common consensus" that this market now faces overcapacity, said one source, who added that China's tier-1 manufacturers alone have more than 100,000 MT of polysilicon stockpiled. Looking ahead and in light of these bearish factors, module prices are expected to keep sliding, with one source expecting them to stabilize in the next quarter after the polysilicon and wafer segments have hit their cash cost. 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. The views and opinions expressed in this article are the author's own, and do not necessarily reflect those held by pv magazine. This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com. Share Icon Facebook Icon Twitter Icon LinkedIn Icon WhatsApp Icon Email Related content Elsewhere on pv magazine... Leave a Reply Cancel reply Please be mindful of our community standards. Your email address will not be published. Required fields are marked * [ ] [ ] [ ] [ ] [ ] [ ] [ ] Comment *[ ] Name * [ ] Email * [ ] Website [ ] [ ] Save my name, email, and website in this browser for the next time I comment. [Post Comment] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment. Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so. You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled. Further information on data privacy can be found in our Data Protection Policy. Newsletter By subscribing to our newsletter you'll be eligible for a 10% discount on magazine subscriptions! * Email* [ ] * Select Edition(s)* Hold Ctrl or Cmd to select multiple editions. Tap to select multiple editions. [*]Global (English, daily) [ ]Germany (German, daily) [ ]U.S. (English, daily) [ ]Australia (English, daily) [ ]China (Chinese, weekly) [ ]India (English, daily) [ ]Latin America (Spanish, daily) [ ]Brazil (Portuguese, daily) [ ]Mexico (Spanish, daily) [ ]Spain (Spanish, daily) [ ]France (French, daily) [ ]Italy (Italian, daily) * Read our Data Protection Policy. [Submit] Subscribe to our global magazine [annual-sub] Subscribe Our events and webinars pv magazine print Legal Notice Terms and Conditions Privacy Policy (c) pv magazine 2023 x Keep up to date pv magazine offers daily updates of the latest photovoltaics news. Stay informed. Join our newsletter. * Email* [ ] * Select Edition(s)* Hold Ctrl or Cmd to select multiple editions. Tap to select multiple editions. [*]Global (English, daily) [ ]Germany (German, daily) [ ]U.S. (English, daily) [ ]Australia (English, daily) [ ]China (Chinese, weekly) [ ]India (English, daily) [ ]Latin America (Spanish, daily) [ ]Brazil (Portuguese, daily) [ ]Mexico (Spanish, daily) [ ]Spain (Spanish, daily) [ ]France (French, daily) [ ]Italy (Italian, daily) * Read our Data Protection Policy. [Submit] Loading Comments... Write a Comment...[ ] Email (Required) [ ] Name (Required) [ ] Website [ ] [Post Comment] This website uses cookies to anonymously count visitor numbers. View our privacy policy. x The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this. Close