2022 Q1 and Q2 are possible to indicate as globally non-stable periods that affected the price increase during Q3. It greatly influenced the entire PV supply chain and the behavior of the market as a whole.
Q4 is expected to be stable; at least numerous Tier-1 manufacturers propose the lowest price quotations for their products as of the high demand for the PV modules before winter. Moreover, freight costs fell, fostering the volume of orders from China globally.
How long will the favorable situation continue?
Eco Green Energy prepared a short price PV modules price report based on current raw material prices and freight cargo to get up-to-date about what to expect during the further months (October- November 2022).
Polysilicon prices are preserved to be stable. However, the National Holidays in China are coming; manufacturers must schedule production and material consumption in advance. Polysilicon prices, under the demand for advanced stocking before the holiday, are still likely to rise marginally due to urgent orders.
Mainstream prices for mono-grade polysilicon sustain at RMB 308-305/kg and sit slightly higher for mono-recharged polysilicon scrape. This month, as tightening supply shores up prices in the short term, buyers seem more cautious, and the market is more in a wait-and-see mode.
Also, some polysilicon manufacturers will resume their production after an overhaul in October. Even though the polysilicon provision is increasing, the supply of the product will remain on the constrained end in the short term.
Wafer prices are stable, where M10 and G12 are respectively concluding at a mainstream price of RMB 7.53/pc and RMB 9.93/pc. Due to the recent module tenders, the demand for large-sized wafers rose, and the cost for that was at a stable level.
M6 wafers have seen a further shrinkage in requests and are starting to loosen in prices. Wafer prices will be sturdy due to the absence of price jumps for polysilicon.
The cell sector, even with the limited supply, sees the growing demand for high-efficiency cells. Some cell manufacturers raise price quotes for M10 and G12 cells to RMB 1.31/W and RMB 1.29/W respectively. Under such a trend, the cost may slightly increase for M10 and G12 cells, but the future situation depends on the purchase volume of module makers.
Good news for module prices this week, as they slightly dropped and leveled to that of last week.
The module orders had carried with no significant increases in end demand, and the downstream sector had amplified the wait-and-see sentiment, while the loosening of overseas prices from the effect of exchange rates has yielded a certain period of postponement in overseas demand. Moreover, many module makers announced about not any price adjustments for the short term, and prices for October are likely to remain flat.
In addition, freight costs globally fell by 8%, and on 30 September, the USD 4,058. The price decreased for all directions, including EU, LATAM, and African regions.
Is it possible price decrease?
To conclude, Eco Green Energy suggests starting the Q4 PV module purchase plan this month based on some reasons. Firstly, the price for raw materials and PV modules is within a stable level, and another reason is the significant price decrease for freight costs.
Please note that Eco Green Energy will provide prices based on the current situation. We will not cancel or postpone the shipment.
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