Within the new weekly replace for pv journalOPIS, a Dow Jones firm, offers a fast overview of the primary value developments within the international PV business.
The Chinese language Module Marker (CMM), OPIS’ benchmark evaluation for modules from China, dived to $0.173 per W, falling for the fourth week working to the bottom worth since OPIS information. After Intersolar Europe, the market ought to take into account that there are clear indicators that the area is oversupplied with modules, in addition to how Chinese language polysilicon costs are very near their ground.
The 11.73% week-over-week decline can also be CMM’s record-breaking largest share decline ever.
It comes as OPIS contacts, throughout and since Intersolar, have nearly unanimously emphasised that costs are falling quick and onerous. Most have seen costs within the $0.170-0.175/W vary, with numbers as little as $0.150/W heard. Others do not share costs as they verify the extent of decline.
Together with the identical unity, the market gamers additionally bemoaned the surplus shares of module inventories in Europe, which confronted a lower within the values and prevented additional shipments. Europe will set up a report 46.1 GW of solar energy in 2022, in accordance with a report by SolarPower Europe. However about 85 GW of modules had been shipped there final yr, with the remainder ending up in warehouses owned by Chinese language firms throughout Europe, in accordance with a veteran market watcher.
Since these modules characterize in 2022 a lot larger than present costs, it’s higher to promote them now, earlier than the value drops and the businesses danger extra losses, added the veteran.
A continent away from Europe, China’s polysilicon costs fell to CNY63.5 ($8.84)/kg, on the threshold of CNY60/kg OPIS contacts determine typically contemplating the worth of the fabric that quantity. It’s a “widespread consensus” that this market is at the moment going through extra capability, stated a supply, who added that tier-1 producers in China alone have greater than 100,000 MT of polysilicon stockpiled.
Trying forward and in mild of those bearish elements, module costs are anticipated to proceed to slip, with one supply anticipating them to stabilize within the subsequent quarter after polysilicon and wafer shares hit their money price.
OPIS, a Dow Jones firm, offers power costs, information, information, 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 information property from the Singapore Photo voltaic Trade in 2022 and now publishes the OPIS APAC Photo voltaic Weekly Report.
The views and opinions expressed on this article are these of the writer, and don’t essentially replicate these held by pv journal.
This content material is protected by copyright and is probably not reused. If you wish to cooperate with us and wish to reuse a few of our content material, please contact: firstname.lastname@example.org.