Photovoltaic Industry Supply Chain Price Report (March 19 – March 26, 2025)
According to the latest prices released by TrendForce on March 26, 2025, the price for N-type recycled material is RMB 41/KG, while the N-type dense material is priced at RMB 40/KG. The price for N-type granular silicon stands at RMB 38/KG. In regions outside China, the price for polysilicon remains stable at US$ 19/KG.
The price for M10 monocrystalline silicon wafers is RMB 1.1/Pc, with a USD equivalent of US$ 0.139/Pc. The G12 transaction price is RMB 1.65/Pc, and the USD price is US$ 0.208/Pc. The mainstream transaction price for N-type 182 monocrystalline silicon wafers has increased from RMB 1.19/Pc to RMB 1.21/Pc, reflecting a growth of 1.68%. The price for N-type 210 monocrystalline silicon wafers is RMB 1.55/Pc, while the latest price for N-type 210R wafers is RMB 1.45/Pc.
The prices for M10 monocrystalline PERC solar cells remain at RMB 0.33/W, with the latest USD price at US$ 0.044/W. M10 monocrystalline TOPCon solar cells have seen a price increase from RMB 0.30/W to RMB 0.305/W, marking a 1.67% rise. The latest transaction price for G12 monocrystalline TOPCon solar cells is RMB 0.305/W, while G12R solar cells have increased from RMB 0.33/W to RMB 0.34/W, showing a rise of 3.03%.
This week, the price for 182mm monofacial monocrystalline PERC modules is RMB 0.69/W, and the price for 210mm monofacial monocrystalline PERC modules is RMB 0.70/W. The price for 182mm bifacial double-glass monocrystalline PERC modules is RMB 0.70/W, while 210mm bifacial double-glass monocrystalline PERC modules are priced at RMB 0.71/W. The price for 182mm TOPCon bifacial double-glass modules stands at RMB 0.72/W, and 210mm HJT bifacial double-glass modules are priced at RMB 0.86/W.
In China’s centralized projects, the price for 182-210mm TOPCon modules is maintained at RMB 0.69/W, while the price for distributed projects in the same category is RMB 0.75/W, representing a growth of 2.74% compared to the previous week. The price for 2.0mm coated photovoltaic glass has risen to RMB 13.5/㎡, and the latest price for 3.2mm coated photovoltaic glass is RMB 22.5/㎡, showing a substantial increase of 7.14% from the previous week’s RMB 21/㎡. The price for 2.0mm backing glass is RMB 12.5/㎡, which is an increase of 8.7%.
Looking ahead, it is estimated that prices across the photovoltaic supply chain will collectively rise in Q2 2025, driven by a surge in demand due to Chinese policy support for the photovoltaic industry. The component supply is expected to tighten, with a peak in demand anticipated in March and April.
On March 21, the Economic and Information Technology Bureau of the Tianfu New Area in Sichuan released measures to support the sustainable development of the photovoltaic manufacturing industry. These measures aim to reduce energy costs and address current challenges faced by the photovoltaic sector.
For more detailed information and analysis, please refer to the complete report on the photovoltaic supply chain prices.
