DBM Weekly Review: Loose Production Schedule, Surge in Special Prices.. Can Component Market "Hold on" at the End of the Year?

this week, the component market was still light, and prices were mixed during the week.

Although a leading company raised its quotation in the first half of the week, only a few companies'individual models of products followed suit. Due to the existence of a large number of futures contracts in the current market, the rising momentum of the actual transaction price is insufficient, and the overall upward trend of the price has not appeared, and gradually shows a "shaky" trend.

In addition, in the last two months of the end of 2025, the hot market of the rush to install at the end of previous years is basically difficult to reproduce. According to the survey of Digital New Energy DataBM. Com, the domestic component production schedule declined steadily in November, and remained between 40-44 GW as a whole.

Specifically,

TOPCon components rose slightly, with a price range of 0.64-0.75 yuan/W . This week, some head manufacturers still partially lowered the price of 210R components by 0.01-0.02 yuan/W , and the current unit price of the mainstream signature of this version is maintained between 0.63-0.68 yuan/W . However, most of the current deliveries are pre-signed orders, and there are fewer new orders.

Unlike the head push for large version components, some small and medium-sized manufacturers have recently shifted their focus to the sale of small version components, and the recent market sales of such products have increased . The power is mainly concentrated between 400-500 W, and the quotation is as low as 0.54-0.60 yuan/W , and there has been a certain transaction in the household market. In contrast, the price of high-power components is still strong, and the quotation of small manufacturers remains at 0.65-0.70 yuan/W , which is not the main product for the time being. The price of

BC components has moved up slightly, and the current mainstream price range is 0.69-0.78 yuan/W . Early clearance of low-power inventory has achieved some results, and the space for low prices has narrowed. At the same time, 640W + product signing increased significantly this week, reflecting that the acceptance of terminal purchasers for the current new version of components has greatly improved, and the signing price is concentrated at a higher level of 0.74-0.77 yuan/W , which accelerates the inventory consumption of this part of products. The price of HJT

modules remains stable, currently at 0.69-0.75 yuan/W . Small component manufacturers are still in the process of inventory clearance at low prices, and some special HJT component products appear on the market, with prices ranging from 0.64 to 0.65 yuan/W . At the same time, after a long period of downtime, some leading manufacturers will raise the production schedule of batteries or components in November, mainly for large-scale projects , and the distributed quotation will remain at the current level ( 0.71-0.75 yuan/W ). In terms of production

scheduling, the overall production was flat compared with October, with a slight decrease of 0.5-2.0 GW for some manufacturers , and the overall domestic component production scheduling was between 40-44 GW . Although many component manufacturers said that the possibility of a large increase in the demand for rush installation at the end of 2025 is small, the production schedule in November-December will remain stable, and it is expected to increase the start-up from late November to December to cope with the demand for rush installation in some areas. Most manufacturers hold a flexible wait-and-see attitude. The

distributed market demand remained stable as a whole, and the acceptance of large-size components by end customers was increasing recently, which led to an increase in shipments of related models. At the same time, according to some head manufacturers to the digital new energy DataBM. Com, TOPCon large-scale components in the Middle East, Asia-Pacific and other overseas markets are also popular, the current level of overseas inventory declined synchronously.

Centralized market demand has increased substantially, with bidding demand reaching 3.3GW this week , mainly driven by the framework procurement project of the Three Gorges Group in 2026. 2.5 GW . However, the scale of bidding has decreased significantly compared with last week, and the overall bidding price has not reached GW level, and the bidding unit price of enterprises is between 0.73-0.82 yuan/W .

This week, the price information of digital new energy DataBM. Com is as follows:

TOPCon components: the price range is 0.64-0.75 yuan/W .

HJT module: the price range is 0.69-0.75 yuan/W .

BC component: the price range is 0.69-0.78 yuan/W .

The above survey price is the price including tax and excluding transportation.

Click here for more component pricing information.

The above price data comes from the research of digital new energy DataBM. Com, for reference only, if you have any questions, you can send a private message to the background.