Price fluctuations of solar modules this year are the biggest in more than a decade. Eco Green Energy, the French Brand solar PV module manufacturer, has experienced great price fluctuations since the end of last year. Here, we make some notes of the current situation, just as a reference for our clients.
Raw materials price doubled
We can see a significate price-increasing in raw materials including polysilicon, wafer, and cell in the first half of 2021. Especially the polysilicon, the unit price per KG increased almost 190%. However, price changes time by time. Recently, the price of raw materials has a slightly decreasing, which might be a good start for the third quarter.
(Sources: EnergyTrend, updated on Jan 20, 2021)
(Sources: EnergyTrend, updated on Jun 23, 2021)
Freight cost increases, shipping delays
Rising consumer demand, container shortage, and continued global imbalances, all lead to a high freight cost. Even now, air cargo rates are up as importers and exporters seek alternatives to sea freight.
(Source: FBX Global Container Freight Index updated on 25 June)
A latest data report showed the comparison of ocean freight rate:
Asia-US West Coast prices increased 4% to $6,861/FEU, a rate 178% higher than the same time last year.
Asia-US East Coast prices climbed to $10,002/FEU, a 215% increase compared to rates for this period last year.
Asia-North Europe and North Europe-US East Coast rates remained stable at $10,972/FEU and $5,193/FEU respectively.
We are still looking forward to getting the good news that the freight cost decreased. However, the answer? Not yet at the moment.
Our advice
In conclusion, the price of raw materials may have a slight decrease this summer, yet the freight cost keeps at a high level for the long term.
In short, Eco Green Energy takes this “price crisis” as an opportunity and challenge, and suggests you order now, otherwise may pay more if hesitate. Please remember that we, at Eco Green Energy, offer prices with the current situation level, and never cancel or postpone the shipping.
If you want to know more information about Eco Green Energy, please do not hesitate to contact us: Info@eco-greenenergy.com
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