SMM Analysis Of Solar Cell In July And Forecast For August

In July, the total production of solar cells by Chinese companies at domestic and overseas bases was 58.68 GW. The production at domestic bases was 55.93 GW, with P-type cells expected to produce around 10.78 GW and N-type cells around 45.15 GW, accounting for 80.73% of the total. The production of N-type cells increased by approximately 5 GW in July, mainly due to Topcon cells. Among manufacturers, integrated manufacturers showed a significant increase in cell production, while non-integrated cell makers maintained stable production. In terms of supply and demand in July, the monthly transaction volume of cells saw a significant decline compared to June, with cell makers facing high shipping pressure, a noticeable increase in inventory, and falling prices. Looking ahead to August, cell orders are expected to continue declining, while the production of leading cell makers on the supply side remains on an upward trend, further increasing inventory pressure in the cell market.

In August, the total planned production of solar cells by Chinese companies at domestic and overseas bases is expected to be 58.54 GW, with domestic planned production at 55.74 GW. The planned production of P-type cells is 8.96 GW, and N-type cells is 46.78 GW. The market supply of N-type cells is expanding, while demand is shrinking, and prices may continue to bottom out.