[SMM Weekly Review: Strong Wait-and-See Sentiment in the Market, EVA Transaction Center Continues to Decline] This week, the price of PV-grade EVA was 10,500-10,700 yuan/mt, the mainstream price range of EVA film was 13,000-13,200 yuan/mt, and the price range of EPE film was 14,500-15,000 yuan/mt.

On February 9, China’s National Development and Reform Commission (NDRC) and National Energy Agency (NEA) jointly published the Notice on Deepening Market-Based Reform of Renewable Energy On-Grid Tariffs to Promote High-Quality Renewable Energy Development.

[Live Broadcast of Silver Conference: Economic Situation Analysis, Precious Metal Price Interpretation, Prospects for PV Applications, and Sharing of Cutting-Edge Technologies in the Industry] ► Basic Analysis of the Current Economic Situation ► Analysis of China's Copper, Lead, and Zinc Resource Security Capabilities ► Trend Analysis of Silver and Gold Prices ► Current Status and Prospects of Silver Applications in the PV Industry ► Exploring Cutting-Edge Solutions for Innovative PV Silver Recovery Technologies ► Exploring the Innovation-Driven Advancements in Cutting-Edge Technologies and Intelligent Equipment for Precious Metal Recovery and Refining ► Roundtable Discussion: Current Opportunities and Challenges for Silver ► Current Status and Development Trends of China's Silver Nitrate Industry Technology Market ► Global Demand and Trend Prospects for PV Silver Paste

[SMM Silicon-based PV Morning Meeting Summary: Minor accumulation of module inventory, solar cell prices in the doldrums in the short term] The mainstream quotations for Topcon 183 solar cells (with an efficiency of 25% and above) are around 0.26-0.27 yuan/W; Topcon 210RN solar cells are priced at 0.26-0.27 yuan/W; Topcon 210 solar cells are around 0.275-0.28 yuan/W. The overall price of cells is gradually entering a plateau, and a slight downward oscillation is expected, but it will tend to stabilize in the short term.

[SMM Silicon-Based PV Morning Meeting Summary] Polysilicon: In May, polysilicon production declined slightly by around 2,000 mt MoM, with multiple enterprises cutting production. On the 14th, an industry meeting was held again, with market attention focused on whether the negotiated production cuts would be implemented. Wafer: In May, wafer production by enterprises declined by around 3 GW MoM, with individual specialized enterprises further cutting production in the near term, leading to a continued decrease in output.

① Several enterprise leaders proposed countermeasures from aspects such as improving the efficiency of module products, increasing the proportion of exports to high-value overseas markets, and building new scenarios integrating PV ESS, in order to steadily enhance the company's operational capabilities. ② The US remains a high-premium market, and several enterprise leaders responded to the export plans for the US.

①The acceleration of capacity exit and the high inventory levels coexist. Can the supply-side reform of the PV industry chain truly reverse the industry's surplus situation? ②Financial reports frequently show signals of "hitting bottom." Is the logic behind the valuation repair of the PV sector sustainable? (Finance Link)

On May 12, the winning bid results for the framework agreement procurement of PV modules and inverters for the PV power plants of China Railway Shanghai Bureau Group Co., Ltd. were announced. There are eight enterprises that won the bid for Section 1 PV modules, namely Daheng Energy Co., Ltd., CECEP Solar Energy Technology (Zhenjiang) Co., Ltd., Tangshan Haitai New Energy Technology Co., Ltd., LONGi Lerri Solar Technology Co., Ltd., Guocheng Energy Construction Group Co., Ltd., Hefei JA Solar Technology Co., Ltd., Jiangsu Seraphim PV System Co., Ltd., and GCL System Integration Technology Co., Ltd.;