LONGi cuts M10 wafer prices by nearly 10%.

• LONGi Solar has actually dropped its wafer prices by as high as 9.75%, its first such fall in more than a year, as indications continue to place that industry prices are readied to normalise right into next year.

In an update to its wafer prices the other day, LONGi disclosed its price for p-type M10 (182mm) wafers was RMB6.2 (US$ 0.86) per item, a loss of 9.75% on the RMB6.87/ pc charged because 11 October 2021.

The price of its p-type M6 (166mm) wafers likewise fell, falling by just over 7% to RMB5.32/ pc from October's price of RMB5.73/ pc.

Prices for LONGi's p-type 158.75 mm wafers fell by 7.4% to RMB5.12/ pc.

Simply last week LONGi authorized a wafer supply manage Chinese manufacturer DAS Solar to supply 1.2 billion M10 wafers over the course of 2 years, an offer which LONGi valued at over RMB7 billion (US$ 1.1 billion) on wafer prices of RMB6.87/ pc at the time.