Increasing demand for mono solar components pushes up prices of mono wafer and cell this week. Since mono solar components can provide higher efficiency compare to multi products under limited space, mono products enjoy the price premium. On the other hand, mutli solar components enjoy a more moderate price increase this week with price cut pressure from modules.
Overall downstream demand remains solid with demand coming from Japan,China, and Germany; however, system prices continue to decrease. Commercial system price in Europe has already dropped to below 1 euro per watt. With price cut pressure from systems, price of module only increase moderately this week. Although solar component production cost is now higher due to great polysilicon price increase, multi solar cells and wafers only experience a moderate price increase this week with price pressure from downstream supply chain.