Since the outbreak of covid-19, the world has adopted quantitative easing policy to save all sectors of the world affected by the outbreak. This has led directly to the US dollar led currency. As a result, the prices of raw materials are increasing, and the futures prices of copper and aluminum have reached new highs one after another. Photovoltaic power generation, which belongs to the field of new energy, has also suffered from rising costs worldwide, with the price of exported solar modules rising by about 1-3.5 cents per watt.

In April this year, INVESCO solar ETF, which tracks Mac's global solar index, performed significantly worse than S & P 500 and Dow Jones industrial index. The Guggenheim solar ETF (tan) fell 8.7%, while the S & P 500 and Dow rose 3.4% and 2.7% respectively. Compared with December last year, the Guggenheim solar ETF (tan) was up 23.2%, while the standard & Poor's 500 index and the Dow Jones index were up only 2.6%.

                                                         Tan fund trend in April 2021

As steel prices soared, the price of photovoltaic tracking equipment rose collectively; There is a shortage of containers, as well as truck drivers in the United States. In a short period of time, the logistics cost has risen sharply; The American EPC contractor has been fully loaded for a period of time, and the subsequent signing time is still delayed.

Kinsend has made a small price adjustment for the current rapid growth of raw materials for modules. The price of solar bracket and solar accessories has a direct impact on the raw materials In the future, if raw materials decline, we will also provide customers with competitive prices according to the situation of solarindustry. Hope customers can keep more contact with us and provide you with industry information.