Last week , the photovoltaic module market was in a downturn, the signing focused on low-cost products, and the domestic market "entered winter". The price of silicon wafers and batteries is declining, the cost support of components is weakening, the superimposed demand is sluggish, and the price of components may decline in a new round at the end of the year. Partial price reduction
of TOPCon components, ranging from 0.63-0.75 yuan/W, some small factories signed orders to improve, small component factories resumed production for a short time, the average transaction price was 0.60-0.63 yuan/W.
BC components are stable at 0.69-0.77 yuan/W as a whole, and there are very few high-priced orders. The HJT module was partially lowered and maintained at 0.69-0.75 yuan/W. The transaction price of large-scale centralized projects dropped to 0.73 yuan/W, and a small amount of inventory was promoted at a low price at the end of the year.
The distributed market demand is cooling down at home and warming up overseas. The orders for distributed projects in North China have declined significantly, while those in overseas countries such as Europe and the Middle East are relatively hot. However, the centralized market demand continued to be weak. This week, the bidding demand was only about 0.2G W, with a sharp drop in the ring ratio. The bidding scale increased to 1.08 GW, and the bidding unit price was 0.64-0.74 yuan/W.
It is worth noting that in the past two months, the demand for centralized procurement has been "frozen", the order size in the third and fourth quarters has been significantly reduced compared with the same period last year, and the fixed volume in October has dropped by 95%. In the last two months of 2025, the situation is not optimistic.
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