【SMM Silicon-based Photovoltaic Morning Meeting Summary】: Polysilicon: Compared to last Wednesday, the price of polysilicon was stable this Wednesday, with leading companies showing a strong willingness to support the market for N-type materials, leading to some increase in spot prices. However, downstream acceptance is generally low, and price fluctuations are limited. Silicon Wafer: The price of silicon wafers is overall stable, with P-type wafers facing no room for further price reductions and weak inventory pressure due to the conversion from P-N in the previous period. On the other hand, N-type silicon wafers saw a slight decline this week, especially with some lower-priced and less efficient wafers. The inventory pressure for 182N-type silicon wafers is relatively high, and the market may continue to trend downward in the future.