Hello and welcome back to my blog – your all-in-one infoport for all things solar! Today we are venturing a little deeper into the intricate world of the solar company operating rates and pricing trends. Get ready for some exciting insights!
Solar companies are in a state of constant fluctuation, with their cost rates and prices undergoing regular modifications. An interesting situation is happening in the realm of solar cell FOB China prices. Specifically, there seems to be a very interesting stagnation in price changes. Mono PERC M10 and G12 cell prices, for instance, are steady at $0.0482 per W and $0.0473/W, respectively, with TOPCon M10 cell prices holding firm at $0.0584/W week to week.
It seems price negotiations for orders to be delivered in March are still underway, hence there hasn’t been much shift in real trading. Believe it or not, neither the supply nor the demand for these cells has altered significantly yet. We’ll be able to paint a more concrete picture by the end of this month when we expect the change in the operating rates set by the cell and module producers to become clearer.
Those interesting in finding solar panels for your home should note this price dynamic as it suggests potential cost stability. However, keep in mind that the pricing isn’t solely determined by current factors. Future module prices and present prices have a significant impact in restraining the upward mobility of cell prices.
For instance, a solar company that sold Mono PERC M10 cells at the notable price of CNY0.4 ($0.056)/W before the Lunar New Year now intends to raise prices even more. It’s not a sure shot though – it all rests on how future order discussions proceed over the coming weeks.
In broader terms, the possible increase in end-user demand in 2024 won’t have a substantial impact on cell prices, as per insiders in the solar array for home industry. The most optimistic projection suggests end-user demand might rise by about 20% in 2024 compared to 2023.
If we do see a price rise due to an increase in demand, the only entities capable of ensuring sales volume and profitability are integrated businesses. Contrarily, standalone cell producers need to rely on reducing wafer purchase prices to achieve profits.
So if you’re in the market exploring solar companies to find the perfect solar panels for your home, you might want to take note of these developing trends and adjust your plans accordingly!
Stay tuned and keep enjoying the sunny side of life with reliable, sustainable solar energy! Until next time.
Original Articlehttps://pv-magazine-usa.com/2024/02/23/solar-cell-prices-hold-steady-as-market-weighs-feasibility-of-increasing-prices/
