Solar Manufacturing Prices Remain Mixed as Oversupply Continues to Weigh on the Market

Silicon Prices Hold Steady

Polysilicon prices remained unchanged this week, with N-type polysilicon averaging around RMB 30,900–32,000 per ton. Despite some suppliers raising quotations, actual transactions remain limited. Industry inventories reached about 522,000 tons by the end of July, while August output is expected to rise to 112,000 tons, keeping supply pressure high.

Wafer Market Faces Persistent Inventory Pressure

N-type wafer prices also stayed flat, with 210mm wafers averaging RMB 1.10 per piece and 182×210mm wafers around RMB 0.90 per piece. July wafer production reached 55.26 GW, while operating rates remained relatively stable. Weak downstream purchasing and high inventories continue to prevent a meaningful price recovery.

Cell Prices Edge Higher

N-type TOPCon 210mm and 210R cells rose to around RMB 0.27/W. However, the increase comes amid weak demand and continued production cuts across the industry. Manufacturers are keeping utilization rates low to manage elevated inventories, while buyers remain cautious.

Supply-Demand Imbalance Remains the Key Challenge

The latest market movements suggest that the solar manufacturing chain is still struggling with oversupply and weak demand. While cell prices have shown some upward movement, sustained price recovery will likely depend on deeper production cuts and a clearer improvement in downstream demand.