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.
The Chinese Module Marker (CMM), OPIS’ benchmark assessment for TOPCon modules below 645 W Free-On-Board (FOB) China, fell 0.91% this week to $0.109/W, with spot price indications ranging between $0.104/W and $0.119/W, according to the OPIS Global Solar Markets Report released on July 28.
Sentiment for forward deliveries also weakened, with FOB China TOPCon module forward curve prices falling across the board. Forward prices for Q3 2026 and Q4 2026 loading cargoes fell 0.91% week-on-week to $0.109/W, while Q1 2027 loading cargoes declined 1.82% to $0.109/W. Q2 2027 and Q3 2027 cargoes both fell 0.92%, to $0.108/W and $0.109/W, respectively.
FOB China TOPCon mainstream modules weakened amid softer tradeable indications, as more supply of high-efficiency modules prompted manufacturers to lower offers and added pressure to the overall module market.
Price indications for high-efficiency TOPCon modules, defined as products above 650 W, were heard lower this week, at around high-$0.100/W to mid-$0.110/W on an FOB China basis. Meanwhile, back-contact (BC) modules command a premium of up to $0.02-0.03/W FOB over high-efficiency TOPCon modules.
