Dear User:
Greetings!
As Southeast Asia’s photovoltaic market continues to expand, solar project development, module procurement and cross-border trading activities in Thailand and Vietnam are becoming increasingly active. Market participants are therefore paying greater attention to module prices at destination ports. With their higher conversion efficiency and power density, TOPCon modules have become an increasingly important procurement option for both distributed and utility-scale projects in these markets.
Amid continued fluctuations in international freight rates, insurance costs and regional supply-demand conditions, China-port free-on-board (FOB) prices alone can no longer fully reflect the actual cost of delivering modules to Southeast Asian markets. CIF prices include the cost of the goods, insurance and ocean freight to the designated destination port, providing module manufacturers, traders, project investors and end users with a more relevant benchmark for cross-border transactions.
To better reflect the actual prices of Chinese modules delivered to Thailand and Vietnam, and to support procurement decisions, trade settlement, cost calculation and risk management, SMM plans to officially launch the following TOPCon module CIF price assessments on July 31, 2026:
- TOPCon Module (M10)-CIF Thailand
- TOPCon Module (G12)-CIF Thailand
- TOPCon Module (G12R)-CIF Thailand
- TOPCon Module (M10)-CIF Vietnam
- TOPCon Module (G12)-CIF Vietnam
- TOPCon Module (G12R)-CIF Vietnam
The new assessments will reflect CIF prices for TOPCon modules delivered to major ports in Thailand and Vietnam. The Thailand assessments will primarily reference Laem Chabang and other major ports, while the Vietnam assessments will primarily reference Hai Phong Port and other major port terminals.
Price Notes:
- Price Type: CIF Thailand and CIF Vietnam
- Tax Standard: Taxes excluded
- Definition: CIF prices at major ports in Thailand and Vietnam
- Unit: USD/W
- Mainstream Brands: LONGi, JinkoSolar, JA Solar, Trinasolar, Tongwei and other mainstream brands
- Minimum Trading Volume: 1 MW
- Delivery Time: Within three months
- Release Time: 11:00 a.m. Bangkok and Ho Chi Minh City time every Friday
- Payment Terms: Cash and other payment methods standardized to cash terms
Thank you for your continued support for SMM’s photovoltaic price assessment system.
SMM PV Research Team
July 21, 2026