Recent financial statements from the big module manufacturers indicate that higher prices for polysilicon and PV glass since the third quarter of 2020 have dealt a severe blow to profits in the module business. Module manufacturers have gradually scaled down capacity utilization since the Lunar New Year, as demand has been weaker than expected, given the absence of China’s usual June 30 installation rush, as in past years. In April, Tier-1 module makers further cut utilization rates to 55-70%. PV InfoLink’s Corrine Lin examines the price trends that are developing in 2021.
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