China – Clean Energy_ Solar Products Price Tracker

Summary of Key Points from the Conference Call Industry Overview - The report focuses on the Clean Energy sector in China, specifically the solar products market, as of January 8, 2025 [1][4]. Price Trends - Polysilicon prices remained stable at Rmb 39/kg domestically, with overseas prices at USD 21/kg [7]. - N-type wafer prices increased by 10.7% to 12.4% week-over-week (WoW) [7]. - P-type cell prices rose by 7.1% to 9.1% WoW, while N-type cell prices increased by 1.8% to 3.6% WoW [7]. - N-type module prices decreased by 2.3% to 2.8% WoW, while US module prices remained stable and EU module prices fell by 7.4% to 8.2% WoW [7]. - Prices for solar films were mostly flat, with POE film prices dropping by 2.7% WoW [7]. Year-over-Year Comparisons - Year-over-year (YoY) changes showed significant declines: - Polysilicon prices down 40% - Wafer-182mm prices down 43.8% - Cell-210mm prices down 51.6% - PERC bifacial module prices down 31.6% to 32.7% [3]. Material Prices - EVA and POE resin prices remained stable, with slight fluctuations in other materials: - EVA film prices were Rmb 5.89/sqm and Rmb 6.42/sqm for white EVA film [3]. - Solar-grade EVA resin prices were around Rmb 11,200/t for Sierbangpec and Rmb 11,100/t for Levima [3]. Market Sentiment - The overall view of the China Utilities sector is considered attractive [4]. Analyst Insights - Analysts from Morgan Stanley involved in this report include Eva Hou and Albert Li, who have provided insights into the current market conditions and price trends [4][60]. Additional Notes - The report emphasizes the importance of monitoring price changes in solar products as they can significantly impact investment decisions in the clean energy sector [1][4]. - The data presented is sourced from various market intelligence platforms, ensuring a comprehensive overview of the current market landscape [11].