[SMM Silicon-Based PV Morning Meeting Summary: Solar Cell Production Schedule Expected to Decline, While Silicon Wafer Increases Slightly] Some leading manufacturers confirmed production cuts in January. After the increase in solar cell prices, the operating rate of some battery manufacturers stabilized, and the January production plan remained steady. Overall, solar cell production in January is expected to decrease.

[China Resources Power Releases Tender for 2.56GW N-Type Module Centralised Procurement] On December 26, China Resources Power issued the tender announcement for the fourth batch of PV module equipment concentrated procurement for its 2024 PV projects, with a total procurement scale reaching 2.56GW. Details are as follows: (Polaris Solar PV Network)

[Leading Polysilicon Enterprise Officially Announces Production Cut Plan; Multiple Polysilicon Futures Contracts Hit Limit-Up on First Trading Day] ① With a relatively low benchmark price, multiple polysilicon futures contracts hit limit-up on their first trading day; ② After the launch of polysilicon futures, they are expected to serve as a reservoir, potentially absorbing part of the inventory, and polysilicon spot prices may fluctuate upward. (CLS)

[Polysilicon Futures Surge on Debut, Marking a Strong Start with a Trading Volume of 41.635 Billion Yuan: What Are the Future Investment Opportunities?] ① Institutional insiders believe that yesterday's increase was due to the listing benchmark prices of the futures contracts being relatively low, all below the spot price of the benchmark delivery brand N-type material; ② Currently, the fundamentals show a weak supply and demand situation. Looking ahead, the aforementioned insiders hold a cautiously optimistic view on a slight rebound in polysilicon prices.

[SMM Commentary: Polysilicon Futures Move Downwards After a Higher Opening on the First Trading Day, Spot Prices Remain in a Tug-of-War] On the first trading day of polysilicon futures, the opening hit the upper limit, followed by a continuous pullback. By the close, the price of the most-traded polysilicon futures contract was 41,570 yuan/mt.

[Huawei, Zhuzhou Converter, Sineng Electric, and Four Other Companies Shortlisted as Candidates for CGN's 10.5GW Inverter Framework Centralised Procurement] On December 25, CGN New Energy announced the shortlisted candidates for the 2025 PV inverter equipment framework centralised procurement. A total of six companies were shortlisted: Digital China (Shenzhen) Co., Ltd., Zhuzhou Converter Technology National Engineering Research Center Co., Ltd., Sineng Electric Co., Ltd., Ginlong Technologies Co., Ltd., Sungrow Power Supply Co., Ltd., and Shenzhen Kstar Science & Technology Co., Ltd. (Polaris Solar PV Network)

[Three Ministries: Clarification on Prohibited and Restricted Categories for PV Land Use and Four Types of Site Selection Areas for Offshore PV] On December 23, the Ministry of Natural Resources issued the "Guidelines for Supporting High-Quality Industrial Development with Natural Resource Elements (2024 Edition)." The guidelines clarify the directions and requirements for encouraging the development and utilization of natural resources such as land, minerals, forests, grasslands, wetlands, and sea areas from the perspectives of resource conservation and intensive use, as well as industrial structure adjustment. (Ministry of Natural Resources)

Recently, the General Administration of Customs released the import and export data for inverters in November 2024.

[SMM Silicon-Based PV Morning Meeting Summary: Solar Cell Prices Generally Increased, EVA Entered Inventory Accumulation Phase] High-efficiency PERC182 solar cells (23.2% and above efficiency) are priced at 0.28-0.295 yuan/W; PERC210 solar cells are priced at around 0.28-0.28 yuan/W; Topcon183 solar cells (25% and above efficiency) are priced at around 0.28-0.29 yuan/W; Topcon210RN solar cells are priced at 0.265-0.275 yuan/W; Topcon210 solar cells are priced at 0.28-0.285 yuan/W. HJT210 half-cell solar cells are priced at 0.38-0.43 yuan/W. Topcon solar cell prices have started to increase generally, and a small number of orders with adjusted prices have already been executed.

[Three Ministries: Clarification on Prohibited and Restricted Categories for PV Land Use and Four Types of Site Selection Areas for Offshore PV] On December 23, the Ministry of Natural Resources issued the "Guidelines for Supporting High-Quality Industrial Development with Natural Resource Elements (2024 Edition)." The guidelines clarify the directions and requirements for encouraging the development and utilization of natural resources such as land, minerals, forests, grasslands, wetlands, and sea areas from the perspectives of resource conservation and intensive use, as well as industrial structure adjustment. (Ministry of Natural Resources)