China April PV cell output and May forecast

The actual cell capacity in April was 61.88GW, a month-on-month increase of 9.07% and a year-on-year increase of 34.52%. In April, N-type cell production reached 44.05GW, accounting for about 71.18% of the total output. In April, the downstream demand for topcon cells reached more than 42GW. Both supply and demand increased. Pre-holiday inventory was well controlled, while P-type cell production in April stood at 17.83GW, demand for P-type cells was weak in April and inventory growth was serious, and demand is expected to weaken further in May.The actual cell capacity in April was 61.88GW, a month-on-month increase of 9.07% and a year-on-year increase of 34.52%. In April, N-type cell production reached 44.05GW, accounting for about 71.18% of the total output. In April, the downstream demand for topcon cells reached more than 42GW. Both supply and demand increased. Pre-holiday inventory was well controlled, while P-type cell production in April stood at 17.83GW, demand for P-type cells was weak in April and inventory growth was serious, and demand is expected to weaken further in May.