Home » Knowledge Center » Weekly Price Analysis –Edition 28th Dec 2020

Weekly Price Analysis –Edition 28th Dec 2020

Indian Cell and Module Market – Current Demand & Supplies

The global solar supply chain once again saw upward movement in the prices of polysilicon due to renewed demand for both mono and poly grade polysilicon. However, this rise has not been impacting pricing in the downward stream as yet. Globally, the short term demand for solar items  is termed miniscule due to the vacation mood all around. In India, the trend is no different though the reason is the sharp rise in PV module prices. The big news is that Coal India Limited (CIL) has filed intimation to stock exchanges in India for their venture into manufacturing sector of renewable energy with huge investments in manufacturing of  polysilicon, ingot,  wafer, cell, module and generation in India.

 Imported Supplies

The imported multicrystalline solar cells of 18.6% to 18.9% efficiency are priced between USD 0.32 to 0.33 per pc FOB China basis. However, the landed costs would be higher due to higher sea freight costs. The mono PERC Chinese cells are available in the price bracket of USD 0.108 to USD 0.11 per watt FOB China basis. The Chinese PV modules have further seen losing ground on price front and available in the price bracket of USD 0.173 to USD 0.178 per watt FOB China basis for 335/340 watt modules. However, the mono PERC 420 watt and above PV modules have been witnessing a seesaw trend in prices with a range of USD 0.218 to USD 0.23 per watt FOB China. The landed prices of modules in India shall remain high due to high sea freight costs.     

Local Manufacturing

The announcement of venturing CIL into the manufacturing sector of solar would be a big push for manufacturing of solar in India. This would not only reduce dependence for materials over China but also usher in interest of private players in this sector. Further, the Waaree’s EVA plant has started trial production in India and the testing results of trials have also been quite encouraging. The Rs. 200 Cr. QIP in Borosil Renewables for capacity expansion of PV glass has been clearly showing signs of local development of the manufacturing ecosystem of solar in India. Further, the visa issues for Premier and CETC greenfield cell line projects have again come up as Indian Govt has halted to issue business visas for Chinese nationals due to border tensions and scare of new COVID strain. Currently, the PV module manufacturing activity for DCR tenders in Gujarat has been showing some recovery but high input costs of PV glass, EVA and backsheet have been denting margins immensely.   


The demand for solar cells and modules has remained subdued due to sharp increase in the prices of PV modules. The end customers of PV plants/systems from industrial and commercial segments are not ready to pay more at the moment. This price trend has been proving detrimental for short term demand for solar products coupled with lower spending on projects by I&C due to COVID effects.    

Impact on Solar Cells and Solar Module Pricing

With dollar exchange rate roaming around Rs. 73.50, the prices of locally manufactured non-DCR 330/335 watt solar modules are available in the price range of Rs. 16.50 to Rs. 17.50 per watt by the major module makers in India. The price of locally manufactured 370/380 watt non-DCR mono PERC are being offered in the price range of Rs. Rs. 19.50 to 20.00 per watt. The 330/335 watt DCR modules are being quoted between Rs. 21.25 to Rs. 22 per watt. 

See you next week for the next analysis of the prices. Stay at work safely. Best Wishes.  

5 1 vote
Article Rating
Notify of
1 Comment
Newest Most Voted
Inline Feedbacks
View all comments
Ritika solar solution Pune
Ritika solar solution Pune
7 months ago

Thanks for cooperation for information about SOLAR panels. I know whichever company interested for in instalment of the solar panels available for Altra mega solar park.