PV Price Watch: Upstream wafer and cell prices slide, full orders for Tier-1 module manufacturers

By Carrie Xiao

On April 6, TCL Zhonghuan announced its latest silicon wafer prices. According to the public information, 150μm p-type 182mm wafers rose to RMB6.40/piece (US$0.93/piece), 210mm and 218.2mm wafers reduced to RMB8.05/piece and RMB8.69/piece respectively, each dropping by RMB0.15 and RMB0.16/piece.

In addition, n-type 182mm wafers also grew by RMB0.13/piece and RMB0.12/piece, and 210mm wafers price declined by RMB0.15/piece.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Just a week ago (April 1), Tongwei released a quotation adjustment for its solar cells. The 182mm cells were RMB1.09/watt, down by RMB0.06/watt or 5.2%, while 210mm solar cells were quoted at RMB1.13/watt, down by RMB0.02/watt, a 1.7% decrease.

On March 29, China Silicon Industry Branch released the latest Chinese polysilicon price. Mono recharging chip price ranged between RMB204-210/kg, with the average transaction price at RMB208/kg, a drop of 4.31% week-on-week; mono dense poly ranged between RMB202-208/kg, with the average transaction price at RMB206/kg, down by 4.39% week-on-week.

Moreover, prices for mono-grade dense polysilicon have continued their slow decrease since the end of February when prices were between RMB230-235/kg to RMB202/203/kg in the week commencing on 3 April, according to the latest prices from EnergyTrend, InfoLink and Shanghai Metals Market.

Evolution of polysilicon prices in 2023, you can hover over each point to have a more accurate price for each week.

Although the upstream industrial chain price is gradually sliding down it is worth mentioning that, according to many distributors, PV module prices, mainly in the high-power modules produced by first-tier brands, are regaining a slight momentum. While second and third-tier brands are relatively weak with very little room for higher quotations.

In terms of instalment and market demand, China’s major state-owned energy companies have significantly increased their PV module purchases since the beginning of 2023. By the end of March, the total module bidding volume exceeded 60GW, a 90% year-on-year increase. On March 21, the National Energy Administration announced that the newly installed solar power capacity in China in January-February was 20.37GW, up by 87.74% year-on-year.

At the same time, customs data showed that China’s module export exceeded 14GW from January to February in 2023. Overseas demand remains strong. First-tier module manufacturers increased their April production arrangements significantly, reaching full orders.

According to the recent bid opening information for some modules in China, bidding offers on p-type and n-type modules are mainly quoted between RMB1.599~1.746/W, with the average price around RMB1.67~1.7/W. Overall, module prices in recent bidding for collective purchasing remained quite stable.

8 October 2024
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 8-9 October 2024 is our second PV CellTech conference dedicated to the U.S. manufacturing sector. The event in 2023 was a sell out success and 2024 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
26 November 2024
Málaga, Spain
Understanding PV module supply to the European market in 2025. PV ModuleTech Europe 2024 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
11 March 2025
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

May 24, 2024
Singapore-headquartered solar manufacturer Maxeon has failed to sue fellow manufacturer Aiko Solar over alleged solar technology patent infringement.
May 24, 2024
Solar project developer Recurrent Energy has secured a €674 million (US$730 million) revolving credit facility to expand its European solar and battery energy storage system (BESS) portfolio.
May 24, 2024
Quarterly reports from China’s big-five PV module producers highlight the challenges PV manufacturers face in maintaining profitability.
May 23, 2024
The flurry of recent tariff changes for solar imports to the US is likely to make products from Southeast Asia less attractive to buyers, according to renewables analysis firm Clean Energy Associates (CEA).
May 22, 2024
Singapore-headquartered solar manufacturer Maxeon has received a notice of non-compliance from the Nasdaq stock exchange for failing to file its financial statements on time.
May 21, 2024
US renewable energy company RWE Clean Energy has acquired 400MW of Solar PV and 199MW of standalone battery energy storage system (BESS) assets from Galehead Development.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
May 29, 2024
11am (EDT) / 5pm (CEST)
Solar Media Events
June 4, 2024
London, UK
Upcoming Webinars
June 11, 2024
3:00 PM (BST) / 4:00 PM (CEST)
Solar Media Events
July 2, 2024
Athens, Greece