this post was submitted on 01 Nov 2023
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This is the best summary I could come up with:
Buyers and sellers of modules alike reported lower prices during OPIS’ weekly market survey.
While domestic demand will come from fourth-quarter installations, this is typically a low-demand period, concurred multiple sources.
Orders signed last quarter have been cancelled and buyers want to re-sign contracts at current low prices, another module manufacturer said.
The supply picture is gloomy, too, as China’s module manufacturers are sitting on 1-2 months of inventory, according to one seller.
Looking ahead, module prices are expected to continue falling as we reach the end of the year, OPIS learned during its weekly market survey.
Many sources pointed to how the 1 yuan/W era has arrived already, with a recent major China procurement tender seeing P-type module bids of as low as 0.993 yuan/W.
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