Chinese TOPCon module spot prices hold steady as forward curve softens on weaker demand outlook - pv magazine Global

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.

Chinese TOPCon module prices stayed stable despite wider price gaps, as market participants held differing expectations on price direction ahead of the Shanghai International Photovoltaic Power Generation and Smart Energy Conference & Exhibition, commonly known as SNEC, held in early June.

According to the OPIS Global Solar Markets Report released on June 2, the Chinese Module Marker (CMM), the OPIS benchmark assessment for TOPCon modules from China, held steady at $0.116/W Free-On-Board (FOB) China, with price indications between $0.110-0.130/W.

OPIS FOB China TOPCon module forward curve prices fell for Q4 2026 and 2027 loading cargoes, with further-dated deliveries under pressure as the demand outlook weakened.

Forward prices for Q4 2026 loading cargoes fell 0.85% to $0.117/W, with tradable indications between $0.113-0.121/W. Q3 2026 loading cargoes were assessed stable at $0.116/W, with indications between $0.113-0.120/W.