This week, China's TOPCon module FOB prices have risen, with core support coming from strong expectations for April shipment cargoes. A first-tier manufacturer revealed that most of the March shipment volume has already been sold out, and the current market's pricing negotiation focus has gradually shifted to April and even the entire second quarter's delivery orders.

According to the OPIS global solar market report released on March 3, as the benchmark for China's TOPCon module evaluation, the China Module Index (CMM) accumulated an increase of 3.45% this week, finally quoting $0.120/W (FOB China).

From OPIS's TOPCon module forward curve perspective, China's FOB cargo evaluation price for Q2 2026 slightly declined by 0.83%, reaching $0.120/W, while the Q3 quote remained stable at $0.122/W.