In a brand-new weekly upgrade for pv publication, OPIS, a Dow Jones business, supplies a glance at the primary cost patterns in the worldwide PV market.
December 13, 2024 OPIS
FOB China rates for Mono PERC wafers stayed steady today, with Mono PERC M10 and G12 wafers priced at $0.142/ pc and $0.202/ pc, respectively. FOB China rates for N-type M10 and G12 wafers revealed no week-to-week modifications, holding stable at $0.137/ pc and $0.185/ pc, respectively.
The Chinese market has actually made significant development in decreasing wafer stock levels. Reports show that the total operating rate for ingot production in China stays listed below 50%. Furthermore, wafer production in the nation has actually been on a down trajectory for 3 successive months because August. As an outcome, sources recommend that wafer stocks have actually now supported at a regular turnover level, comparable to around 2 weeks of production.
Market experts hold minimal optimism for the near-term outlook of the wafer market, mentioning the conclusion of the peak buying season. Reports recommend that some significant cell makers are preparing to close down operations at particular centers and start the Chinese New Year vacation as early as December, a month ahead of schedule.
With weak end-user need most likely to continue through the very first quarter of next year worldwide, wafer producers are anticipated to focus on managing production volumes and making every effort to keep rate stability in the near term.
Just recently, a number of areas have actually presented brand-new policies in the solar market that might affect wafer production or trade. In China, several solar producers have actually signed a self-regulatory arrangement targeted at managing production capability throughout the whole worth chain, consisting of polysilicon, wafers, cells and modules. Tier-1 wafer makers, leading incorporated manufacturers with wafer production abilities, and significant specialized wafer makers have supposedly all signed the contract. These business have actually been supposedly designated optimum allowable wafer production quotas, jointly amounting to roughly 650 GW for 2025, representing a modest 2% development compared to 2024 levels.
Market observers usually see the finalizing of the self-regulatory contract and the allowance of capability quotas as just a preliminary action towards clearing the extreme capability. The contract’s future application and efficiency stay unpredictable and are most likely to deal with substantial obstacles.
In India, the Ministry of New and Renewable Energy (MNRE) revealed today that from June 2026, solar tasks should utilize cells from List-II of the Approved List of Models and Manufacturers (ALMM). While the intro of List-II is prepared for to improve domestic PV cell production in India next year, India’s restricted ingot and wafer capability might drive greater wafer imports in the short-term.
In the U.S, the trade agent revealed today that, efficient Jan. 1, 2025, tariffs on imported Chinese solar wafers and polysilicon will increase from 25% to 50%. This choice is meant to support domestic financial investments under the Biden-Harris Administration, focused on promoting the development of a tidy energy economy.
