Price quotes from Sino-European micro-module manufacturers

Current Chinese micro-module prices range from $0. 086–0. 093/W FOB, while European spot market prices reflect a moderate increase due to supply constraints and higher-efficiency module demand.

Chinese Module Pricing

Chinese micro-module prices, particularly for TOPCon modules above 600W, are currently $0. 086–0. 093/W FOB China, with the benchmark (CMM) at $0.

089/W. Forward indications for H2 2026 suggest $0. 091/W for Q3 and Q4 shipments, while H1 2026 remains around $0.

089–0. 090/W. These prices reflect a 1.

14% increase from previous spot levels, driven by market anticipation of polysilicon consolidation and the removal of export VAT rebates, which previously kept Chinese modules low-cost.

European Market Pricing

In Europe, module prices have risen after months of decline, influenced by Chinese price increases and tight supply of popular modules. For April 2026: N-type monofacial modules: +12% increase, reflecting a shift toward higher-efficiency products. P-type monofacial modules: +8% increase, indicating easing downward pressure on standard modules.

N-type bifacial modules: +2% increase, showing modest growth in premium segment demand. Major Chinese manufacturers, such as JinkoSolar, dominate European procurement across monofacial, bifacial, and all-black modules. The European market is stabilizing, with distributors adjusting pricing strategies and stock levels.

Market Drivers and Trends

Policy changes: China's reduction of export VAT rebates and focus on quality over price is expected to push module prices up 9–20% by end-2025, depending on supply adjustments. Supply constraints: Limited availability of high-efficiency modules in Europe is driving selective price increases. Procurement strategy: Buyers are advised to secure inventory early, diversify suppliers, and prioritize warranty and insurance coverage to mitigate risk.

Technology shift: The market is moving toward n-type and bifacial modules, which command higher prices due to efficiency advantages.

Practical Guidance for Buyers

Lock in prices early to avoid exposure to rising costs. Consider European and regional suppliers to reduce lead times and logistics risk. Focus on verified marketplaces for real-time stock and transparent pricing.

Adjust project ROI assumptions to account for potential 9–20% price increases in Chinese modules. In summary, Sino-European micro-module prices are trending upward, with Chinese FOB prices around $0. 086–0.

093/W and European spot prices reflecting selective increases for higher-efficiency modules. Buyers should monitor supply constraints, policy changes, and forward pricing to optimize procurement strategies.