N-type polysilicon prices extended mild gains

Another report in People’s Daily today focused on the response strategies of Zhejiang’s PV industry. Zhejiang’s PV industry ranks among the top nationwide in scale and grid-connected installations, and its enterprises are accelerating the transformation from “product going global” to “brand going global” and “capacity going global.” Chint New Energy stated that it secured a large PV+ESS project in Turkey in March this year, with all modules supplied by its local factory in Turkey, and provided a full-chain one-stop solution covering modules, ESS, and construction. AIKO believes that the cancellation of export tax rebates marks the PV industry’s entry into the era of “value going global,” and the key lies in accelerating the exit of outdated capacity. The cancellation of export tax rebates will prompt PV enterprises to gradually shift from low-price competition to technological upgrading, continuously driving their products toward high quality and high efficiency.

The National Development and Reform Commission (NDRC) and the National Energy Administration recently issued the “Notice on Matters Concerning the Orderly Promotion of Multi-User Green Electricity Direct Supply,” upgrading green electricity direct supply from “one-to-one” “single-point binding” to “one-to-many” “cluster sharing.” The new policy allows new energy stations to supply green electricity directly to multiple users in industrial parks and zero-carbon industrial parks through dedicated lines. As of the end of April this year, 24 provinces (autonomous regions and municipalities) nationwide have issued or formulated supporting policies for green electricity direct supply, and 99 green electricity direct supply projects across the country have completed approval.

[SMM Silicon-Based PV Morning Meeting Minutes] Polysilicon: Quoted prices for N-type recharging polysilicon are 32.7-35 yuan/kg. Polysilicon prices are overall relatively weak, market transactions are weak, the earlier order signing has concluded, and the current focus is mainly on shipments while awaiting further policy developments. Wafers: Market prices for 18X wafers are 0.88-0.9 yuan/piece, 210RN wafers are 0.98-1.00 yuan/piece, and 210N wafers are 1.18-1.2 yuan/piece. Currently, the three top-tier players are all holding prices, with overall transactions more optimistic than expectations, but recently facing pressure from both the cell and polysilicon ends.