This week, PV-grade EVA prices were in the range of 10,000–10,400 yuan/mt, EVA film mainstream prices were 13,500–13,700 yuan/mt, EPE film prices were 13,900–14,000 yuan/mt, and domestic delivery-to-factory prices for POE were 10,000–13,000 yuan/mt.

[SMM Silicon-Based PV Morning Conference Summary] Silicon Metal: Spot silicon metal prices remained stagnant at low levels. Yesterday, SMM oxygen-blown #553 silicon in east China was quoted at 9,300-9,400 yuan/mt, flat from the previous day, with some spot and futures-linked cargoes traded at around 9,200 yuan/mt. The futures market remained weak, with the lowest point at 8,400 yuan/mt yesterday, and the closing price at 8,505 yuan/mt, down 60 yuan/mt from the previous day. Downstream buyers' sentiment to drive down prices maintained low-price transactions in the market. Polysilicon: Polysilicon N-type recharging polysilicon was quoted at 50.6-55 yuan/kg, granular polysilicon at 50-51 yuan/kg, and the polysilicon price index at 52.75 yuan/kg. Market prices were largely stable overall, with no substantial increase occurring yet, as the market awaits the latest quotes from the new round of order signing at month-end.

[SMM Silicon-Based PV Morning Meeting Summary: Polysilicon Trading Temporarily on Hold, Module Prices Mixed] Over the weekend, the quoted price for N-type recharging polysilicon was 50.1-55 yuan/kg, with the N-type polysilicon price index at 52.37 yuan/kg, and granular polysilicon quoted at 50-51 yuan/kg. Polysilicon prices remained temporarily stable over the weekend. Downstream crystal pulling plants had previously built up sufficient raw material inventory, leading to limited market transactions. An industry conference is expected to reconvene soon, and the market is awaiting the outcome.

[SMM Silicon-Based PV Morning Conference Summary] Silicon Metal: Spot silicon metal prices edged lower. Yesterday, SMM oxygen-blown #553 silicon in east China was quoted at 9,300-9,500 yuan/mt, down 50 yuan/mt from the previous day. The futures market experienced strong fluctuations due to market rumors, with the intraday low at 8,455 yuan/mt and the high at 8,770 yuan/mt. It closed at 8,520 yuan/mt at the end of the session, down 285 yuan/mt from the previous day and 165 yuan/mt from Monday. Trading activity was relatively active yesterday. Polysilicon: Prices for N-type recharging polysilicon were quoted at 50.5-55 yuan/kg, granular polysilicon at 50-51 yuan/kg, and the polysilicon price index at 52.65 yuan/kg. The market was largely stable overall, with no substantial increase occurring yet, mainly due to fluctuations in some orders and expected prices. As industry meetings are about to be held, the market is focusing on the meeting outcomes.

The latest Renewable Energy 2025 report released by the International Energy Agency shows that, due to recent policy adjustments by the Trump administration, the agency has lowered its forecast for US renewable energy growth through 2030 by 50%.

[SMM Silicon-Based PV Morning Meeting Minutes: Silicon Metal Prices Fluctuate Amid Tug-of-War Between Longs and Shorts, Polysilicon Largely Stable as Market Awaits Conference Results] Over the weekend, N-type recharging polysilicon was quoted at 50.1-55 yuan/kg, the N-type polysilicon price index stood at 52.37 yuan/kg, and granular polysilicon was quoted at 50-51 yuan/kg. Polysilicon prices remained temporarily stable over the weekend, as downstream crystal pulling plants had previously built up sufficient raw material inventory, leading to limited market transactions. With another industry conference expected to take place soon, the market is awaiting the conference results.

On September 29, the Directorate General of Trade Remedies (DGTR) under India's Ministry of Commerce and Industry issued the final ruling in the anti-dumping investigation concerning solar cells and modules originating from China. It proposed imposing anti-dumping duties for a period of three years on solar cells and modules produced in or imported from China. The final ruling, signed on September 30, 2025, recommended implementation "from the date of notification" and specified three tiers of duty rates: 0%, 23%, and 30%, applicable for three years.