The price of a Chinese solar module has hit its all-time low, with the Chinese Module Marker (CMM) going down for the fourth week in a row to $0.173 per W. The CMM fell by 11.73% from one week to the next, which was the biggest drop in its history. The falling trend has been helped by the fact that there are too many modules on the market, especially in Europe. China’s polysilicon prices have also gone down a lot and are getting close to the CNY60/kg mark. Industry experts think that module prices will continue to go down, but that they will level off in the next three months.
PV Magazine wrote about this after getting information from OPIS. OPIS, a Dow Jones company, focuses on green feedstocks, carbon capture, recycled plastics, and solar cells to help the energy market move towards low-carbon and sustainable fuels.
The solar industry in Pakistan has experienced significant growth in recent years. However, market players are currently concerned about the surplus of solar modules, as the decreasing prices and shipping limitations may result in further losses. In light of this, experts recommend selling any excess units to mitigate potential losses, as prices are expected to continue their downward trend. It is crucial for businesses operating in the solar industry to remain vigilant and adapt to the changing market conditions to ensure long-term success.
