SMM

The price of PV cells remained stable last week, but due to the decline in cell market demand in August, downstream continued to put pressure on cell prices. A few cell factories expected to reduce prices for shipments, but they did not actually implement it. In August, the production of P-type cells decreased, while the production of N-type cells increased. Both P-type and N-type cell inventories were in the stage of accumulation, and the bargaining power of non-integrated cell factories further weakened. In August, the total production of PV cells in China's domestic and overseas bases was 58.54GW, while the domestic production of PV cells was 55.74GW, of which P-type cells were 8.96GW and N-type cells were 46.78GW. The supply side of the N-type cell market expanded production, while the demand side shrank, and prices may continue to bottom out.