SMM

According to the latest survey by SMM, from May to June, some solar cell companies could not withstand the falling prices and chose to reduce or even halt production. However, some companies increased production against the trend, mainly due to the concentrated commissioning of new and upgraded TOPCon solar cell capacity in Q2 and early Q3 of 2024. In May and June, solar cells were still in a phase of inventory accumulation, and the trend of production cuts and halts will continue in June.