Module prices continue to decline. Prices of auxiliary materials such as glass and solar inverters are also falling.

Solar Cell

Prices

Current prices for high-efficiency PERC 182 solar cells (23.2% efficiency and above) are 0.30-0.31 yuan/W; PERC 210 solar cells are around 0.30-0.31 yuan/W; Topcon 182 solar cells (24.7% efficiency and above) are around 0.28-0.30 yuan/W; Topcon 210RN solar cells are 0.29-0.32 yuan/W; Topcon 210 solar cells are 0.31-0.32 yuan/W.

Production

In July, the scheduled production of Topcon solar cells exceeded 45GW, PERC solar cells exceeded 9GW, and the combined production of HJT and BC cells reached 3GW. In terms of size, the production of the 210 size series cells was significantly reduced, while the production of the 18X series cells increased. Looking at individual manufacturers, integrated manufacturers increased their scheduled production and self-sufficiency rates, while most specialized battery makers mainly reduced production due to poor demand, and have recently been adjusting their production plans downward.

Inventory

Recently, the Topcon 210 size series solar cells destocked, while the 18X series solar cells inventories are still growing.

PV Modules

Prices

In the current PV module market, the mainstream transaction prices for PERC 182mm modules are 0.7-0.79 yuan/W, for PERC 210mm modules are 0.72-0.81 yuan/W, for N-type 182mm modules are 0.76-0.82 yuan/W, and for N-type 210mm modules are 0.77-0.83 yuan/W. Module prices continue to decline.

Production

In July, PV module producers' production diverged. Leading producers are increasing production, while smaller producers tend to stabilize or slightly decrease. HJT module producers have good order demand, leading to increased production. Overall, the PV module production in July are expected to be flat or slightly up MoM.

Inventory

Due to insufficient domestic and overseas demand, PV module inventory can be hardly digested quickly, with inventory levels still high in both domestic and European markets.

PV film

Prices:

PV-grade EVA/POE resin:

The current domestic EVA transaction price has been adjusted, and the price of PV-grade POE resin should be consulted with an analyst. The price of PV-grade POE resin has been reduced to $2,100-$2,200, and C8 has temporarily been reduced to $2,250-$2,350.

PV film:

The current mainstream price for 420g transparent EVA film is 5.67-5.96 yuan/sqm, 420g white EVA film is 6.17-6.55 yuan/sqm, 380g EPE film is 6.76-6.95 yuan/sqm, and 380g POE film is 9.04-9.50 yuan/sqm. Prices have been adjusted.

Production

Current PV film and resin production is normal.

Inventory

Current petrochemical resin inventory is down, PV film in-factory inventory is down, module inventory is up, and resin procurement is mainly based on rigid demand.

Solar Inverter

Price

This week, the price range for solar inverters is as follows: 20kw at 0.12-0.16 yuan/W, 50kw at 0.11-0.15 yuan/W, 110kw at 0.1-0.14 yuan/W, and 320kw at 0.09-0.11 yuan/W. Competition in the spot market remains intense, and inverter prices have slightly decreased.

Supply and demand

The supply side is sufficient, scheduled production is stable, competition in the distributed market is intense, Europe is about to enter the summer break with reduced shipping motivation, and demand for inverters in markets like the Middle East and Africa is driven by power shortages, providing significant support.

PV Glass

Prices

3.2mm single-layer coated: The price of 3.2mm single-layer coated PV glass is quoted at 24.0-26.0 yuan/square meter, with prices falling.

3.2mm double-layer coated: The price of 3.2mm double-layer coated PV glass is quoted at 25.0-27.0 yuan/square meter, with prices falling.

2.0mm single-layer coated: The price of 2.0mm single-layer coated PV glass is quoted at 15.0-16.5 yuan/square meter, with prices falling.

2.0mm double-layer coated: The price of 2.0mm double-layer coated PV glass is quoted at 16.0-17.5 yuan/square meter, with prices falling.

Production

On the supply side, since July, a new 1,200 mt/day kiln has been added in Shandong, and it is expected that two kilns will undergo cold repair this month, with supply increasing and decreasing simultaneously.

Inventory

Glass inventory remains temporarily stable. With the determination of new prices for July, module producers have also started a new round of procurement plans, keeping inventory stable this week.