Chinese PV Industry Brief: Higher cell prices and plans for 36 GW of new cell capacity
China’s largest solar cell manufacturer, the Tongwei Group, announced on Monday that the price for both G1 and M6-based monocrystalline PERC solar cells will rise to CNY0.97 ($0.13) per watt, which represents a strong increase compared to the previous price of CNY0.89 set on July 24. For a 156.75mm mono PERC cell, the price was raised to CNY0.95 per watt from CNY0.87. Both cell types saw price increases of nearly 9%. This is the second time Tongwei has raised its prices in the past three weeks. Prices announced on July 24 were raised by about 10%. Tongwei said the price hike was due to increasing polysilicon prices, which are now above CNY90 per kilogram, while in early June they were at around CNY60 per kg. The manufacturer said the price had been rising across the entire PV industry supply chain since the middle of July after two separate incidents at factories owned by Daqo and GCL-Poly disrupted global supplies of polysilicon.
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