In a brand new weekly replace for pv journal, OPIS, a Dow Jones firm, gives a fast have a look at the primary value tendencies within the international PV business.
The Chinese language Module Marker (CMM), the OPIS benchmark evaluation for TOPCon modules from China and mono PERC module costs held regular at $0.115 per W and $0.105/W, respectively.
Market exercise within the Chinese language market has but to choose up though Chinese language photo voltaic corporations have returned after the Labour Day holidays. Buying and selling remained subdued with few patrons available in the market and these patrons had been principally cut price looking, a market supply stated.
Demand remained weak as upstream costs throughout the photo voltaic worth chain had beforehand prolonged losses earlier than the Labour Day holidays. Though upstream costs held regular this week in a quiet market, market sources count on costs to fall within the coming days as buying and selling exercise resumes.
Module costs are anticipated to proceed a downtrend amid weak point within the upstream sector, concurred many throughout OPIS’ weekly market survey. Nonetheless, different market members identified that module costs have already fallen beneath the price of manufacturing which stands at about $0.126/W, and there’s no longer any room for additional value declines.
There may be the expectation that mono PERC costs will proceed to carry regular as provide will progressively tighten with demand shifting in direction of TOPCon modules. The restricted availability of mono PERC modules may lead to mono PERC costs buying and selling increased, a market veteran stated.
Module producers could cut back their working charges in Could to mitigate falling costs and restore the availability/demand steadiness available in the market. Beforehand in April, the working charges of module producers had been between 70% and 100%.
The worldwide photo voltaic cell and module manufacturing business is at the moment working at a utilization price of roughly 50%, based on the EIA.
Buying and selling exercise for Southeast Asian modules has been restricted as uncertainty persists concerning antidumping/countervailing duties (AD/CVD). Consumers are adopting a wait-and-see method concerning coverage growth and there are comparatively few new contracts signed just lately, a Southeast Asian module producer stated.
One other market participant famous that module costs will doubtless rise in anticipation of the potential duties. Nonetheless, these anticipated value will increase have but to affect the market as patrons stay hesitant to safe new contracts as a consequence of excessive stock ranges in the US.
OPIS, a Dow Jones firm, gives vitality costs, information, knowledge, and evaluation on gasoline, diesel, jet gasoline, LPG/NGL, coal, metals, and chemical compounds, in addition to renewable fuels and environmental commodities. It acquired pricing knowledge belongings from Singapore Photo voltaic Alternate in 2022 and now publishes the OPIS APAC Photo voltaic Weekly Report.
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