[1.792 Yuan/W! Winning Bid Result Announced for the 500,000 kW PV Integrated Project for Desertification Control in Dalate Banner, Inner Mongolia] On February 5, the winning bid result for the EPC general contracting of the first phase of the 500,000 kW PV integrated project for desertification control by Inner Mongolia Energy Group in Dalate Banner was announced. The winning bidder is PowerChina Central South Survey and Design Institute Co., Ltd., with a winning bid price of 898.25 million yuan and a unit price of 1.792 yuan/W. (Polaris Solar PV Network)

[SMM Analysis: US Fed Pauses Interest Rate Cut in January, Tariff Issues Trigger Surge in Risk Aversion Sentiment] The US Fed held its interest rate meeting on January 30 and, as expected, paused the interest rate cut, keeping the benchmark rate at 4.25%-4.5%. Powell stated during the press conference that the US Fed is not in a hurry to adjust its policy stance and needs to observe data and the effects of Trump's policies. As the Fed's interest rate cut aligned with market expectations, Trump's tariff increase information triggered market risk aversion sentiment and an upward trend in procurement demand.

[China Energy Construction and Huaneng Selected! Announcement of Results for Hulunbuir Energy's 1.4GW Sand Prevention and Control and PV Integration Project] According to Polaris Solar PV Network, on January 13, Hulunbuir Energy Investment and Development (Group) Co., Ltd. announced the evaluation results of the preferred investment cooperation entities for the "Sand Prevention and Control and PV Integration" project. The selected entities are China Energy Construction Group Investment Co., Ltd.; Windey Energy Technology Group Co., Ltd.; Shanghai Shidian Oasis Eco-Energy Technology Co., Ltd.; and Huaneng Inner Mongolia Eastern New Energy Co., Ltd.

On January 25, the winning bid results for the fourth batch of PV project PV module equipment concentrated procurement in 2024 by China Resources Power (North China Region Section One and Section Two) were announced. The winning companies were TrinaSolar Co., Ltd. and LONGi Green Energy Technology Co., Ltd., with a unit price of 0.705 yuan/W.

[SMM Silicon-Based PV Morning Meeting Summary] Polysilicon: The mainstream transaction prices for N-type recharging polysilicon were 39-45 yuan/kg. During the Chinese New Year holiday, the polysilicon market remained overall stable with limited transactions. Wafers: The market price for N-type 18X wafers was 1.18-1.18 yuan/piece, and for N-type 210RN wafers, it was 1.3-1.35 yuan/piece. N-type wafer prices remained temporarily stable during the Chinese New Year.

In January, the production of PV-grade EVA was 95,500 mt, down 11.6% MoM...

In January, the total production schedule of the PV film industry reached 365 million m², down 14.32% MoM.

[SMM Analysis: January Silver Nitrate Production Down 15% MoM] Silver nitrate production in January also showed a downward trend, down 15% MoM and 36% YoY.

[SMM Analysis: Prices Rise First Then Stabilize in 2024, Silver Demand Starts Strong but Ends Weak] In 2024, silver prices are expected to fluctuate. The annual average price of SMM 1# silver is 7,216.24 yuan/kg. In H1, silver experienced a period of sharp price increases, with the average price of SMM 1# silver at 6,784.91 yuan/kg.