On May 28, the candidates for the PV module procurement tender of the Mulei 300,000 kW PV project of Xinjiang New Energy Research Institute Co., Ltd. were announced. The first-ranked winning candidate was Huansheng PV (Jiangsu) Co., Ltd., the second-ranked winning candidate was DAS Solar New Energy Technology Co., Ltd., and the third-ranked winning candidate was Zhejiang GePu Solar Energy Technology Co., Ltd.

[SMM Analysis: May draws to a close! Glass prices fall by nearly 1 yuan/m²] Current glass quotations for May are as follows: 2.0mm single-layer coating (12.8-13.4 yuan/m²); 2.0mm double-layer coating (13.8-14.4 yuan/m²); 3.2mm single-layer coating (21-22 yuan/m²); 3.2mm double-layer coating (22-23 yuan/m²); 2.0mm back glass (11.5-12.5 yuan/m²). As of now, glass prices in the market have been adjusted downward multiple times in May. The mainstream quotation for 2.0mm glass was 13.8 yuan/m² at the beginning of the month, and had fallen to 13.2 yuan/m² by month-end, representing a significant decrease. This month, module enterprises have shown low purchase willingness, and overall price negotiations have mainly focused on driving down prices. Given the continued downward trend in module scheduled production, it is expected that new order glass prices will continue to decline in June.

[SMM Silicon-Based PV Morning Meeting Summary: Sluggish Transactions in the Wafer Market, Tightening Supply of Cells] The price of N-type 18X wafers in the market is 0.93-0.95 yuan/piece, and the price of N-type 210RN wafers is 1.05-1.1 yuan/piece. The mainstream quotation for Topcon 183 solar cells (with an efficiency of 25% or above) is around 0.25-0.255 yuan/W. The mainstream transaction price for Topcon 210RN is 0.265 yuan/W, with a quotation range of 0.265-0.27 yuan/W. The price of Topcon 210 solar cells is around 0.265-0.275 yuan/W. The mainstream quotation for HJT 30% silver-coated copper (with an efficiency of 25% or above) is 0.34-0.35 yuan/W.

According to SMM, since mid-May, with the end of the domestic PV installation rush and poor order performance, the operating rate of silver nitrate production has declined. In May, silver nitrate production fell by 17% MoM. Entering June, the pessimistic outlook for orders in the PV sector remains unchanged, and silver nitrate enterprises have no short-term expectations of recovery. Some enterprises are still maintaining an operating rate of less than 50%, and silver nitrate production in June is expected to remain flat or decline slightly compared to May.

Since May, 11 leading Chinese PV enterprises, including LONGi Green Energy Technology, JA Solar Technology {{PV}}, Tongwei Co., Ltd., Chint New Energy, AIKO Solar, Hoshine Silicon Industry, GCL SI, Gokin Solar, and Seraphim {{PV company}}, have signed a series of overseas PV projects. According to incomplete statistics from Polaris Power Network, the orders cover countries and regions such as Australia, Germany, Portugal, Turkey, Zambia, Peru, and the UAE.

[SMM Analysis: Continued Differentiation in Operating Rates - Leading Enterprises' PV Frame Orders in June Have Been Connected, Providing Support for Operating Rates, While Small and Medium-Sized Enterprises' Operating Rates Continue to Weaken] This week, the operating rates of sampled PV frame enterprises continued to show a differentiated pattern. The operating rates of some leading enterprises in east China remained unchanged from last week, mainly due to their cooperation with top-tier enterprises. Their production has not been constrained by the 531 period, and new orders in June have been connected, providing support for their operating rates this week. Meanwhile, according to an SMM survey, some small and medium-sized enterprises in Anhui reported that, as month-end approaches, their orders on hand for PV frames can only sustain production until mid-June, with no follow-up orders in sight. Their operating rates for PV frames remain at a low level of 30-40%.

According to Polaris Energy Storage Network, in May, Dingxi City, Gansu Province, issued an EPC tender for the integrated PV ESS and charging piles project in Anding District. The bid inviter for this project is Dingxi Anding New Energy Investment Co., Ltd., and the project has set a maximum bidding price limit of 139.0835 million yuan. The charging piles required for the project are mainly distributed in the central urban area of Anding District, including 145 charging piles in administrative office areas, 272 charging piles in the parking lots of some property communities, 191 charging piles in public parking spaces around the communities, 397 charging piles in the town centers and other areas of various townships, and 69 charging piles in the integrated PV ESS and charging piles construction areas. Specifically, the project includes the construction and renovation of parking lots and charging stations, site hardening and sunshade construction, parking space markings, installation of charging facilities such as charging piles and transformers, improvement and coverage of transmission and distribution power grids, energy storage facilities, intelligent platforms, and other supporting facilities.