In a new weekly update for PV -MagazineOpis, a Dow Jones company, offers a quick look at the most important trends in the global PV industry.
FOB China Topcon M10 Cell prices held stable this week at $ 0.0378/W, with price indications between $ 0.0347-0.0398/W, according to the OPIS Solar Weekly report released on 12 August. Top concelle prices have been to date to date since the beginning of July, with last week alone after the increase in a 12.84% increase.
Last week, export markets saw a peak in cell purchasing activity for the deliveries of the second half of 2025 in the midst of growing expectations of a reduction or removal of the current 9% export tax of China. Trading sources estimate that the discount adjustment could increase the capparts between 5-9%, with costs that are probably shared between sellers and buyers.
Although this policy security supported recent profit, sources from the industry say that the Pelprijven will be pressed between two trends in the coming weeks.
On the one hand, the electricity prices are upwards under pressure from scenery prices. Since July 1, China Mono Premium Polysilicon and regular N-type M10 Wafersprijs have risen 31.7% and 29.0% respectively.
Market sources said that the higher electricity costs will keep pressure on cell producers to look for further price increases. However, some noted that persistent cell price support will have to depend on whether end users can absorb the higher costs.
On the other hand, the weak demand for end users in both domestic and export markets is expected in the coming weeks, so that the upward price pressure based on costs is closed. Compared to power-growing prices that have risen by more than 30%, the FOB China N-type module prices have only increased by 3.7%.
A producer of Tier-1 said that the domestic demand will remain soft until September before he returns to the Installatierooth in the Q4 end of the year.
In export markets, European purchasing is delayed in the midst of the summer vacation period.
The Chinese Modulemarker (CMM), the Opis Benchmark Assessment for Topcon modules from China, was stable this week at $ 0.085/W free-op-board (FOB) China, with indications between $ 0.082-0.092/w.
On indications for the forward curve, the charging prices of Q4 2025 fell 1.16% to $ 0.085/W, with market indications ranging from $ 0.083-0.088/W. The traded indications for this loading period were heard around $ 0.083-0.085/W this week.
Q1 and Q2 2026 loading loads were stable at $ 0.086/W, with prices between $ 0.085-0.088/W. Q3 2026 The charging prices fell 1.15% to $ 0.086/W, with indications between $ 0.085-0.088/W.
Despite weaker indications in the forward curve this week, the sentiment for loading H2 2025 is expected to be Bullish about the growing expectations that China can fully cancel the export tax in September or October, so that module buyers and developers will be urged in the front of the front load in August.
The discount uncertainty is the reform of contract practices. Contract adjustments are now common for forwarding deliveries. New deals include clauses that specify cost exchange if discounts are reduced, while existing contracts are re -negotiated to add comparable conditions.
Yet the fundamental challenge remains the cost transmission. Despite manufacturers who increase the offer prices, the price transfer to the Modulemarkt is limited. Market participants expect that a 1-2 months delay before overseas markets fully reflect these electricity increases. As an addition to transmission problems, various market sources noted that the current domestic price -strength policy -controlled is led instead of demand, with weak underlying purchase activity that is expected to continue in the coming weeks.
Opis, a Dow Jones company, offers energy prices, news, data and analysis of gasoline, diesel, aircraft fuel, LPG/NGL, coal, metals and chemicals, as well as renewable fuels and environmental products. It acquired price determination of data from Singapore Solar Exchange in 2022 and now publishes the OPIS APAC SOLAR WEEKLY REPORT.
The views and opinions expressed in this article are the author, and do not necessarily reflect it by PV -Magazine.
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