China December Solar cell Output and Forecast for January

[SMM Silicon-Based PV Morning Meeting Minutes] Silicon metal: Yesterday, SMM oxygen-blown #553 silicon in east China was at 9,000-9,200 yuan/mt, and 441# silicon was at 9,200-9,500 yuan/mt. Yesterday afternoon, silicon metal futures prices fluctuated sharply due to macro disruptions; the most-traded contract fell below 8,200 yuan/mt at its low and closed at 8,205 yuan/mt in late trading. Some silicon enterprises in northern China lowered their quoted prices, but they still did not match the price advantage of spot-futures traders, and downstream users mainly bought the dip. Polysilicon: N-type recharging polysilicon was quoted at 46-53 yuan/kg, the polysilicon price index was 49.17 yuan/kg, and polysilicon prices have declined significantly recently, mainly due to pressure from wafer price cuts and the impact of related meetings. At present, as the wafer segment has yet to stop falling, market sentiment is weak, and there may still be some downside room going forward.

Recently, geopolitical turbulence in the Middle East has emerged, bringing a certain degree of impact to the overall overseas PV market. Below, we provide an in-depth analysis of the current Middle East PV market from various perspectives:

CHN Energy has fully commissioned its 4 GW Lingwu PV project in Ningxia, following the grid connection of its Phase II 2 GW section. Part of a massive 6 GW mining-subsidence base, the site will deliver 10.8 TWh annually to the east via the 800 kV Ningxia-Zhejiang UHVDC line. The project pioneers a 'solar-coal-storage-hydrogen' model, bundling PV with existing thermal assets and a 400 MW/800 MWh grid-forming storage system to smooth variability. By repurposing degraded coal lands, integrating 'PV + ecology' for vegetation recovery, and sharing an existing 750 kV coal plant substation, the base sets a benchmark for land reuse and long-distance clean energy transmission in western China.