China’s TOPCon cell prices dip as Indian buyers renegotiate post-duty announcement

Chinese TOPCon solar cell prices fell 1.22% to $0.0405/W this week amid weak export demand and contract renegotiations by Indian buyers following India’s proposed antidumping duty. The duty, recommended by the Directorate General of Trade Remedies, may impose up to 30% on Chinese solar cell imports for three years once approved.

Manufacturers said Indian firms are revising contracts to address tariff costs, though Chinese cells are expected to remain over 50% cheaper than Indian-made ones. Trade sources also reported higher transshipments through Southeast Asia to bypass origin restrictions.

India’s Domestic Content Requirement (DCR) modules are priced at around Rs 24.5 ($0.28)/W, compared to non-DCR modules using Chinese cells at Rs 13.5 ($0.15)/W. Meanwhile, China’s wafer market faces oversupply as weak demand limits new procurement despite stable polysilicon prices.