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SMM Analysis On China October Solar Cell Production And November Forecast

iconNov 12, 2024 10:12
Source:SMM
In October, the operating rate of Chinese cell enterprises was 55.10%, with total production down 4.28% MoM.

In October, the operating rate of Chinese cell enterprises was 55.10%, with total production down 4.28% MoM. The operating rate of Chinese cell enterprises within China was 57.27% in October, and BC cell production saw a significant increase. In November, the operating rate of Chinese cell enterprises is expected to be 58.92%, with the total planned production up 6.93% MoM. November marked a small peak in monthly cell demand for the year, with specialized cell manufacturers undergoing significant destocking in October and November, boosting the confidence of cell enterprises. However, the increase in the operating rate in November and December is expected to be limited, with the total supply of cells being more influenced by the operating rate of integrated manufacturers. Looking ahead to December, the operating rate of specialized cell manufacturers is expected to remain stable, while the operating rate of integrated cell manufacturers is expected to decline.

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