Cell prices keep rising as supply chain shortage persists

September 21, 2022
Polysilicon Upstream sectors see few changes this week. Some major buyers have settled new polysilicon orders. As of this Wednesday, order signing prices are stable, for some orders previously signed...
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Polysilicon (kg)
Item High Low Average price Change(%) Change($) Price prediction for next week
Polysilicon Price - Prime for Mono (RMB) 310 295 303 -- --


Wafer (pc)
Item High Low Average price Change(%) Change($) Price prediction for next week
Mono Wafer - 166mm / 155µm (RMB) 6.280 6.150 6.260 -- --
Mono Wafer - 182mm / 155µm (USD) 0.992 0.987 0.989 -- --
Mono Wafer - 182mm / 155µm (RMB) 7.540 7.500 7.520 -- --
Mono Wafer - 210mm / 155µm (USD) 1.345 1.312 1.312 -- --
Mono Wafer - 210mm / 155µm (RMB) 10.160 9.910 9.910 -- --
  • Prices for 210mm wafers are posted based on 160µm of thickness from January 2022 onward. Prices for 166mm and 182mm wafers will be posted based on 160μm of thickness from May 2022 onward. From August 3, 2022 onwards, wafer prices will be posted based on 155μm of thickness, in accordance with official pricings of manufacturers.
  • Spot prices for multi-Si wafers will not be posted from July 2022 onwards. 
  • Prices for 158.75mm multi-Si wafers will be removed starting January 2022.


Cell (W)
Item High Low Average price Change(%) Change($) Price prediction for next week
Mono PERC Cell - 166mm / 22.9%+ (USD) 0.210 0.165 0.166 -0.6 -0.001
Mono PERC Cell - 166mm / 22.9%+ (RMB) 1.300 1.280 1.290 -- --
Mono PERC Cell - 182mm / 22.9%+ (USD) 0.225 0.168 0.169 -- --
Mono PERC Cell - 182mm / 22.9%+ (RMB) 1.320 1.270 1.310 +0.8 +0.010
Mono PERC Cell - 210mm / 22.9%+ (USD) 0.168 0.165 0.166 -1.2 -0.002
Mono PERC Cell - 210mm / 22.9%+ (RMB) 1.310 1.260 1.300 -- --
  • From September onwards, efficiency of M6, M10, and G12 cells will be adjusted to 22.9% and above.
  • Spot prices for multi-Si cells will not be posted from July 2022 onwards. 
  • Prices for 158.75mm mono-Si cells will be removed starting January 2022.
  • The high point of cells represent the cell prices in Southeast Asia.


Monofacial Module (W)
Item High Low Average price Change(%) Change($) Price prediction for next week
365-375 / 440-450W Mono-facial Mono PERC Module (USD) 0.600 0.245 0.260 -- --
365-375 / 440-450W Mono-facial Mono PERC Module (RMB) 2.000 1.850 1.930 -- --
182mm Mono-facial Mono PERC Module (USD) 0.340 0.250 0.265 -1.1 -0.003
182mm Mono-facial Mono PERC Module (RMB) 2.030 1.900 1.980 -- --
210mm Mono-facial Mono PERC Module (USD) 0.330 0.250 0.265 -1.1 -0.003
210mm Mono-facial Mono PERC Module (RMB) 2.040 1.920 1.980 -- --
  • Adjustments for categorization of module spot prices: Prices for distributed and ground-mounted projects in China will be posted seperately from July 2022 onwards. Existing average prices will remain.
  • From March 16, 2022 onward, average prices for modules in China are based on delivery prices of the week (inland shipping costs excluded). The figure is derived from the weighted average delivery price of distributed, utility-scale, and tender projects. Low prices are based on delivery prices of Tier-2 module makers or prices where orders were signed previously.
  • In response to price movements, spot prices for 365-375 / 440-450W modules overseas are canceled from January 2022.
  • Module power output will be revised, as the market sees efficiency rise. Power outputs of 166mm, 182mm, and 210mm modules sit at 365-375/440-450 W, 535-545 W, and 540-550 W, respectively.


Bifacial Module (W)
Item High Low Average price Change(%) Change($) Price prediction for next week
182mm Mono PERC Module (USD) 0.350 0.252 0.270 -1.1 -0.003
182mm Mono PERC Module (RMB) 2.050 1.940 2.000 -- --
210mm Mono PERC Module (USD) 0.340 0.255 0.270 -1.1 -0.003
210mm Mono PERC Module (RMB) 2.060 1.950 2.000 -- --
  • Adjustments for categorization of module spot prices: Prices for distributed and ground-mounted projects in China will be posted seperately from July 2022 onwards. Existing average prices will remain.
  • Prices are also posted for 182/210mm glass-glass bifacial modules from March 2022 onwards.


China-Projects(182/210mm Monofacial Module) (W)
Item High Low Average price Change(%) Change($) Price prediction for next week
Ground-mounted project 2.000 1.930 1.950 -- --
Distributed project 2.050 1.940 1.990 -- --
  • Prices for distributed and ground-mounted projects in China will be posted seperately from July 2022 onwards.


Region Module (W)
Item High Low Average price Change(%) Change($) Price prediction for next week
275-280 / 330-335W Multi Module-India (USD) 0.320 0.250 0.260 -- --
365-375 / 440-450W Mono PERC-India(USD) 0.390 0.260 0.270 -- --
182/210mm Mono PERC-US(USD) 0.600 0.300 0.350 -- --
182/210mm Mono PERC-EU(USD) 0.290 0.250 0.270 -1.8 -0.005
182/210mm Mono PERC-Australia(USD) 0.290 0.255 0.270 -1.8 -0.005
  • From July 2022 onwards, module prices in the U.S., Europe, and Australia will be based on 182mm and 210mm formats.
  • U.S. and Indian prices in FOB terms without tax. 
  • Starting January 2022, spot price for modules rated at 365-375 / 440-450 W will be removed, in accordance with price announcement on the market.


Module BOM Materials (m²)
Item High Low Average price Change(%) Change($) Price prediction for next week
3.2mm Coating PV Glass(RMB) 26.50 26.00 26.50 -- --
2.0mm Coating PV Glass(RMB) 20.00 19.50 20.00 -- --


Source:InfoLink Consulting