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Expansion of Silicon Production Leads to Price Drop, Prices in Solar Industry to Follow Suit in May, Says TrendForce

21 April 2023

The lowest quoted price has already dipped to CNY 180/kg (US$26.10), with average market transaction prices hovering around CNY 190/kg. TrendForce predicts that silicon prices will continue to fall in April and May, driven by an expansion in silicon capacity in 2Q23.

TrendForce Says Prices of Materials in Upstream of PV Industry Chain Will Shift in March, and Module Suppliers Are Optimistic About Future Demand

8 March 2023

According to TrendForce’s research, polysilicon prices began to plummet in December last year, so the major polysilicon suppliers started to limit market supply.

TrendForce Says Prices of NEV Power Batteries Fell by 3~4% MoM for February as Demand Was Returning Slowly in China’s NEV Market, and Prices Could Drop Further in March

7 March 2023

According to TrendForce’s research, the average prices of battery-grade lithium carbonate and lithium hydroxide in China registered MoM drops of 9% and 8% respectively for February.

New PV Installations Worldwide Will Grow by More Than 50% YoY to 351GW for 2023 Thanks to Rising Demand, Says TrendForce

16 February 2023

TrendForce’s latest research on the global market for solar PV reveals that some of the unmet demand that emerged during the 2021~2022 period has been carried over to 2023. In the past two years, the supply chain for PV products experienced pandemic-related disruptions, and prices of PV modules (solar panels) were high due to a supply crunch for polysilicon.

TrendForce Says Slowing Growth in the Chinese NEV Market Led to an Across-the-Board Decline in Prices of Materials Used in Li-Ion Batteries in January, and a Further Drop Is Expected for February

15 February 2023

Turning to electrolytes and related upstream materials, the average price of LiPF6 (lithium hexafluorophosphate) fell by 11% MoM for January. This, in turn, caused the average price of electrolytes to drop by 11~15% MoM for the same month.

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