This week, the cancellation of the export tax rebate policy has entered the final countdown, and the PV module market has begun to "cool down" ahead of schedule: some manufacturers have started price reduction actions, and some other manufacturers are still raising their quotations, but they are expected to strive for flexibility for subsequent price reduction.
Looking back on the shipments of major factories in the first quarter, the action of "grabbing exports" in January-February was very positive, but customs data showed that the cumulative export amount of photovoltaic modules in China decreased by 9.26% compared with the same period in 2025. (See specific data: Shuffle, Counterattack! From January to February, the export pattern of photovoltaic modules in China changed )
superimposed on the changes in the situation in the Middle East in early March, and shipping was blocked, according to the research and understanding of the Digital New Energy DataBM. Com. Large-scale GW orders from about three leading manufacturers have not been issued as scheduled-component products from many first-tier manufacturers are still hoarded in factory warehouses or bonded warehouses.
For the next step of production planning, the situation is not optimistic! Due to the current rising component inventory level, the first-line manufacturers generally take action to reduce production. Compared with the high production schedule in March, in April, each manufacturer plans to reduce the component production schedule by 5-30% -only one slightly reduced by 5%, and many by about 30%.
Specifically,
the price of TOPCon components is mixed, and the overall quotation range is maintained at 0.75-0.86 yuan/W . This week, the overall quotations of seven leading enterprises have been adjusted, and three enterprises have raised their quotations by 0.01-0.03 yuan/W . Four enterprises were reduced by 0.01-0.02 yuan/W . However, the inventory of low-priced components is large, and the current digestion rate is slow, resulting in little fluctuation in this week's transaction price.
It is worth noting that the component products that have not been successfully exported recently have returned ( 0.63-0.68 yuan/W special price components ), but the transaction situation is not ideal. According to the feedback from some distributors, this part of the products can only be turned to domestic promotion at present, but the terminal purchasing willingness is insufficient, and the short-term shipment is difficult. The price range of
BC components is maintained at 0.78-0.96 yuan/W . This week, Longji Green Energy raised its quotation by about 0.02-0.03 yuan/W , and the quotation range of mainstream products rose to 0.86-0.91 yuan/W . However, the terminal market has more stock for this part of the price increase products, and the main transaction price of the current BC component market is concentrated between 0.83-0.86 yuan/W . The price of HJT
components remains stable, ranging from 0.75-0.85 yuan/W . Relatively few HJT components are shipped in the domestic distributed market, but there are some overseas export orders in the near future. HJT component market special price component inventory is relatively small (0.69-0.72 yuan/W), the head manufacturer revealed that the current quotation is still stable at about 0.85 yuan/W , the short-term price decline is expected to be small. In
the overseas market , the "export rush" has come to an end, and domestic manufacturers have hoarded a large number of component products in bonded warehouses. Component prices remained stable, and some leading manufacturers revealed that they would raise the price of overseas components to more than $0.13/W in April. This week, the overseas quotation of TOPCon components fell between $0.11 and $0.12/W . The BC module is between $0.10 and $0.15/W (where the high price comes from the all-black BC module quote).
The distributed market demand is flat, and the market wait-and-see sentiment is still continuing. According to some leading manufacturers to the Digital New Energy DataBM. Com, the shipment situation in North China and Central China has declined since February and has not improved significantly in March, the distributed shipment in February/March is far less than that in January, and more special components have flooded into the market in the near future. No obvious signs of recovery have been seen in the short term.
Centralized market demand has fallen sharply, due to the lack of large-scale bidding projects this week, the bidding demand has only reached 0.37 GW , and the capacity data of the bidding projects have not been disclosed.
This week, the price information of digital new energy DataBM. Com is as follows:
TOPCon components : the price range is 0.75-0.86 yuan/W .
BC component : the price range is 0.78-0.96 yuan/W .
HJT module : the price range is 0.75-0.85 yuan/W .
The above survey price is the price including tax and excluding transportation.
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The above price data comes from the research of digital new energy DataBM. Com, for reference only, if you have any questions, you can send a private message to the background.
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