China module prices slide to new lows, manufacturers cut production

[Encid]

The Chinese Module Marker (CMM), the OPIS benchmark assessment for mono PERC modules from China, was assessed at USD 0.123 per W, down USD 0.003/W week on week, while TOPCon module prices fell USD 0.004/W to USD 0.131/W. These new record lows come amid muted year-end demand as module makers cut production.

 

Prices in China have seen particular declines. While most tier-1 players – including a top 5 solar major – generally offer modules at around the CNY1 ($0.21)/W mark, some sellers lowered prices past that psychologically significant threshold. PERC modules have been offered as low as CNY0.72 ($0.15), multiple manufacturers said.

 

 

The winter season is a “weaker period of the year, hence, lower demand,” a solar market veteran said. China’s module makers are trying to clear their inventories, according to a module seller, during this off-season. Before their fiscal year closes in December, Chinese companies are attempting to sell stock and “bump up their revenues,” a different veteran said.

 

 

You can read the full article from PV Magazine here.

[Muhendis]

35 minutes ago, Encid said:

PERC modules have been offered as low as CNY0.72 ($0.15), multiple manufacturers said.

That is so cheap. 

My system was installed over ten years ago and is of suspect quality. 

It's tempting me to go for replacements in the new year.

When does your crystal ball predict the price to start rising again?

[Encid]

2 minutes ago, Muhendis said:

When does your crystal ball predict the price to start rising again?

 

From the article:

 

"Low prices continue to be on the horizon as 2023 ends and in the year to come. 2024 will be a challenging year, according to a major solar developer. Low prices will persist for a time, with the industry gradually starting to stabilize in 2025 and then recover, the developer said."

[Bandersnatch]

I have noticed price drops but not to this extent, I think that Thai resellers bought stock at higher prices and need to clear it before buying new cheaper stock.