Latest news on international photovoltaic modules 1.19

Analysis of Market Volatility: Price Hikes & "Front-loading Exports"

The recent market volatility is mainly driven by two factors:

1. Rising Costs: The sustained high prices of raw materials like silver have directly increased the production cost of PV modules.

2. Policy Window: Starting April 1, 2026, China will cancel the Value-Added Tax (VAT) export tax rebate for PV products. To avoid future cost increases, overseas buyers are concentrating their orders in Q1 (before the policy takes effect), creating a "front-loading export" surge that has made the traditionally slow season busy.

Technology Trends: High Efficiency & Reliability

At last week's World Future Energy Summit (WFES 2026) in Abu Dhabi, the technological competition focused on higher conversion efficiency and enhanced reliability for harsh environments:

• Efficiency Race: AIKO showcased mass-produced ABC modules with efficiency over 25%; new generation modules from JA Solar and Chint New Energy also reached 670W with 24.8% efficiency.

• Environmental Adaptability: For sandy, high-temperature environments like the Middle East, JA Solar's self-cleaning modules and Chint New Energy's modules with stringent reliability certifications were highlights.

Subsequent Impacts & Points to Watch

After the short-term "front-loading export" surge subsides, the market needs to monitor:

• Risk of Demand Pull-forward: The current concentrated shipments may pull forward some overseas demand from Q2 and beyond, potentially leading to a subsequent order decline.

• Accelerated Industry Consolidation: The cancellation of export rebates and cost pressures will further test companies' cost control and overseas localization capabilities, likely speeding up industry consolidation.