After nearly two months of continuous declines, TOPCon cell prices have recently seen a strong rebound. Prices of various sizes have risen sharply within just one week, drawing significant attention from companies across the PV industry chain. According to SMM data, as of August 12, the actual transaction prices of monocrystalline TOPCon cells in 183mm, 210R and 210mm sizes were RMB 0.29/W, RMB 0.285/W and RMB 0.29/W, respectively, up about 15% from the beginning of August.

[SMM Silicon-based PV Morning Meeting Summary: EVA Inventory Pressure Significantly Eased, Cell Cost Support Further Reduced] Topcon full-size quotes continued their downward trend, with transaction ranges for 183N and 210R moving down to 0.27-0.28 yuan/W. Mainstream producers quoted mainly at 0.275 yuan/W, and some, to facilitate deals, were willing to negotiate actual orders down to 0.27 yuan/W. The market transaction center kept declining. At this stage, producers' inventory backlogs and shipment pressures have not eased, downstream module procurement volume has not seen a significant release, and buyers' push for lower prices is strong, making it more difficult to secure new orders. Solar cell plants can only passively follow the market and sell at reduced margins to move shipments. Short-term futures still have room for further decline.