SMM

Last week, the mainstream price of N-type Topcon solar cells decreased by 0.005 yuan/W, while the price of PERC solar cells remained relatively stable. Currently, the price of high-efficiency PERC 182 solar cells (23.2% efficiency and above) was around 0.30-0.30 yuan/W; the price of PERC 210 solar cells was around 0.30-0.30 yuan/W; the price of Topcon 182 solar cells (24.7% efficiency and above) was around 0.28-0.295 yuan/W; the price of Topcon 210RN solar cells was 0.29-0.30 yuan/W; and the price of Topcon 210 solar cells was 0.30-0.30 yuan/W. Supply side, a few cell makers reduced their operating rates, while some manufacturers still have some Topcon solar cell production lines ramping up (mainly 210RN and 210N). Demand side, there has been no increase, and the inventory of Topcon solar cells continued to grow last week. Approaching the end of July, cell makers are starting to plan next month's orders and production schedules. Currently, balancing production and inventory is challenging due to fierce market competition. Leading cell makers will maintain high operating rates, while second- and third-tier cell makers are expected to reduce production.