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.
The waffle prices in China remained stable this week and stopped a series of four weeks of consecutive winnings. According to the Opis Solar Weekly report released on September 30, FOB China prices for N-type M10 and G12 waffles showed no changes from week to week, which were stable at $ 0.177/PC and $ 0.216/PC respectively.
Waffle prices have paused their recent upward trend, which is a reflection of stable polysilicone prices and weakening the electricity demand, according to Market Insiders. One insider expects a cooling of demand and noted that rising solar product prices are contrary to the interests of energy companies in the end user, while the newly installed solar capacity has already reached 230 GW in the first three quarters of this year, almost overtaking with the full year for 2024 at 277 GW.
Recent data supports these prospects, in which the National Energy Administration reported that China added 7.36 GW new solar capacity in August – the lowest monthly figure so far in 2025 and the fourth consecutive decline. The August installations fell by 55% on an annual basis and 33% month on month.
Against this background, the Chinese president outlined a new target during his speech on the United Nations Summit last week: to increase the total installed wind and solar energy capacity of China to more than six times its 2020 level against 2035, up to 3600 GW.
Although this goal has been interpreted on a large scale as positive for long -term demand, some market observers consider it relatively conservative. The current installed wind and solar capacity of China is already more than 1,600 GW, which implies an average annual addition of only about 200 GW in the following decade. One source explained that this growth rate, even after the fact that they have been in operation of older plants that have been in operation for 20-30 years, can be insufficient to absorb the existing production capacity of industry or to take into account the existing production capacity or to stimulate the new demand.
On the supply side, a market participant noted that the operational rates among waffle manufacturers have shown little change to date. Last week, industry insiders noted that the waffle prices had kept the prices of polysilicon closely kept up to a noticeable delay, which resulted in relatively stable company rates, because manufacturers were not encouraged by price increases to expand the output. The first production producers are reportedly maintained about 50%, while specialized waffle producers continued to work up to 80%, supported by the growing customer for OEM-Wafer offer.
Looking ahead, supervision of the government of the output could stimulate further production reductions in the fourth quarter, the source added. To balance the reduced production with the operational needs of manufacturers, the total monthly waffleoutput will probably remain in the long term in the range of 50-60 GW.
Several insiders separately revealed that a vertically integrated manufacturer was recently found in violation of legal requirements with regard to production volumes and prices. According to one source, possible consequences of removal from the list of self -regulating agreements and possible restrictions imposed by industrial associations, with the exception of other manufacturers to buy the products from the company.
Another source argued, however, that in a market where government regulation plays a supporting role, it is unlikely that association -driven measures completely hinder the development perspectives of a company. Nevertheless, the source expects that the company in question will undergo rectification and notes that in this critical phase of market regulation, continuing against official guidelines does not benefit in the long term.
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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