[SMM Analysis: Module Enterprises Exert Strong Pressure, New Glass Order Negotiations Fall Short of Quotation Expectations] The current glass quotation prices for May are as follows: 2.0mm single-layer coating quotation (13-14 yuan/m²); 2.0mm double-layer coating quotation (14-15 yuan/m²); 3.2mm single-layer coating quotation (21.5-22 yuan/m²); 3.2mm double-layer coating quotation (22.5-23 yuan/m²); 2.0mm back glass quotation (12-13 yuan/m²). As of now, there have been no major orders closed in the May market, with most upstream and downstream enterprises still in negotiations. Due to the decline in module prices and demand, module enterprises have a strong desire to drive down prices this month. This week, the mainstream quotation for 2.0mm single-layer coated glass in the market was lowered to 13.5 yuan/m² by glass enterprises, with the lowest market quotation dropping to 13 yuan/m².

[SMM Weekly Review: Film Prices for New Orders Decline in May, EVA Offers Discounts for Shipments] This week, the price of PV-grade EVA ranged from 11,000 to 11,700 yuan/mt. With the slowdown in demand for foaming-grade and cable-grade EVA, prices also declined significantly. The mainstream price range for EVA film was 13,000 to 13,200 yuan/mt, while the price range for EPE film was 14,500 to 15,000 yuan/mt, with prices trending downward.

[SMM Silicon-Based PV Morning Meeting Summary: Wafer Prices Drop Back Slightly, Overall Solar Cell Transaction Prices Decline] The market price of N-type 18X wafers is 0.95-1.05 yuan/piece, and the price of N-type 210RN wafers is 1.15-1.2 yuan/piece. The price of high-efficiency PERC182 solar cells (with an efficiency of 23.2% or above) is 0.295-0.30 yuan/W, and the price of Topcon183 solar cells (with an efficiency of 25% or above) is around 0.26-0.275 yuan/W. The price of Topcon210RN solar cells is 0.26-0.27 yuan/W, and the price of Topcon210 solar cells is around 0.28-0.285 yuan/W.

Recently, PowerChina New Energy Corporation released a tender announcement for the procurement of N-type HJT PV modules for the 5.8MW distributed PV power generation project at Xiaozhilin Lingzhi Base in Nanshan Town, Foshan City. According to the announcement, in line with the project's construction requirements, monocrystalline silicon bifacial double-glass N-type HJT PV modules with a module power of 700Wp and solar cell size of 210mm will be procured, with a total procurement capacity of 7.028MWp.

[SMM Analysis: Is the Weakening of Polysilicon Futures Market Justified? How Will the Supply and Demand of Polysilicon Be in May?] Regarding the market supply and demand situation, according to SMM data statistics, the global polysilicon production in May is expected to be around 99,000 mt (including 94,500 mt of domestic production), showing a decrease of approximately 2% MoM from April. Although the downstream wafer production has also declined MoM, the overall global wafer production is expected to be around 57-58 GW, with the demand for polysilicon from wafers being approximately 110,000 mt. There is an expectation of some destocking for polysilicon in May. Currently, the delivery brands held by many enterprises among the five are relatively limited (mostly concentrated in a few thousand mt). However, it cannot be denied that polysilicon enterprises have been facing some inventory pressure recently, and the raw material inventory held by crystal pulling plants is also relatively abundant, which is the main reason for the weakness in the polysilicon spot market at the end of Q1 and the early stage of Q2. It is expected that some of this pressure will be alleviated as the supply-demand relationship eases in the future.

【SMM Silicon-based PV Morning Meeting Summary: Module Prices Remain Stable, Some Glass Companies Lower Quotes】In the current module market, the mainstream transaction prices for N-type 182mm modules in centralized projects are 0.705-0.714 yuan/W, with the average price remaining stable. The mainstream transaction prices for N-type 210mm modules are 0.72-0.729 yuan/W, with the average price also remaining stable. The price of TOPCon distributed 182mm modules is 0.695-0.705 yuan/W, and the inversion between distributed and centralized module prices is expected to improve.

On May 7, the winning bid results for the procurement of double-glass solar PV modules for Sub-project 1 (the PV power generation project on the retaining wall in the front area of Beiyuan Group) and Sub-project 2 (the distributed PV power generation project in the production area of Beiyuan Group) of the 6MW distributed PV power generation project of Shaanxi Beiyuan Chemical Group Co., Ltd. were announced. LONGi Lerri Solar Technology Co., Ltd. was the winning bidder, with a winning bid price of 6.4938 million yuan and a unit price of 0.705 yuan/W.

[SMM Silicon-Based PV Morning Meeting Summary] Polysilicon: Yesterday, the mainstream transaction prices of N-type recharging polysilicon were 37-44 yuan/kg, and the N-type polysilicon price index was 37.28 yuan/kg. This week, the price center of polysilicon declined slightly, but the overall decline slowed down. The concentrated order signing period in the market has passed, and trading volume was limited. Wafer: The market price of N-type 18X wafers was 1-1.05 yuan/piece, and the price of N-type 210RN wafers was 1.15-1.2 yuan/piece. The market prices of wafers have stabilized somewhat, and trading volume rebounded during the holiday.