Battery prices increased by more than 20%, and components increased by 2-3 cents/W

Battery prices increased by more than 20%, and components increased by 2-3 cents/W

On the one hand, at present, the price of silicon materials has stabilized. At the beginning of the year, the two leading silicon material companies, Tongwei and Daquan, announced production cuts one after another. Recently, Tongwei, the leader in the photovoltaic industry, announced that the subsequent resumption of production at its polysilicon bases in Yunnan and Sichuan has not yet been determined. The resumption of production arrangements in these two regions will take into account multiple factors such as the trend of polysilicon prices, changes in electricity costs in the southwest region, and the company's polysilicon inventory status. According to industry sources, the silicon material market will only be operated at 38% in January 2025, and the overall polysilicon output will be greatly reduced in the short term. It provides a basis for the recovery of the downstream industrial chain market.

On the other hand, according to TrendForce's new energy news, the mainstream transaction price of M10 cells has risen sharply to 0.33 yuan/W, an increase of more than 20%! The RMB quotations of M10 monocrystalline TOPCon cells and G12 monocrystalline TOPCon cells are both maintained at 0.29 yuan/W; the transaction price of G12R monocrystalline TOPCon cells is 0.27 yuan/W, which remains stable.

At the same time, the National Development and Reform Commission and the National Energy Administration recently jointly issued the "Notice on Deepening the Market-oriented Reform of New Energy Grid-connected Electricity Prices and Promoting the High-quality Development of New Energy", which promotes all new energy grid-connected electricity such as wind power and solar power generation to enter the power market, and the grid-connected electricity price is formed through market transactions.

The existing projects and incremental projects in the policy will be divided based on June 1, 2025. For existing projects put into production before June 1, 2025, the electricity price and other aspects will be properly connected with the current policy through price difference settlement. For incremental projects put into production on or after June 1, 2025, the scale of electricity included in the mechanism will be dynamically adjusted according to the completion of the new energy development goals of various regions as specified by the state, and the mechanism electricity price will be determined by various regions through market-based bidding.

Some market participants believe that, driven by policies, distributed photovoltaic projects may see a "rush to install" before June 1 this year, which may also lead to an increase in the price of photovoltaic modules.

According to online news, many dealers currently said that major photovoltaic module manufacturers are preparing to increase prices one after another, and the increase is expected to be 2 cents/W-3 cents/W. Some leading manufacturers have asked dealers to review order contracts. If all payments are not made before February 12, the original purchase contract will be invalidated. A leading first-tier enterprise has seen an increase of 0.03 yuan per watt before the Spring Festival.

In addition, news of a planned increase in component prices came from Europe a few days ago.

It is reported that the latest prices of 10 manufacturers received by Search4Solar, a European photovoltaic product sales platform, last week showed that European component prices rose for the first time in several months, with an increase of more than 20%. At present, the price of TOPCon components for household and commercial projects is about 0.10 euros/watt, and the price of all-black solar panels has reached 0.12 euros/watt.

In summary, in the short term, there are indeed signs of recovery in the photovoltaic market, but it is still unknown whether it can really drive price increases. After all, the photovoltaic industry has not yet ended, and the industry is still facing the challenge of oversupply.