On May 25, 2025, the Turkish Ministry of Trade issued Announcement No. 2025/8, stating that, in response to an application from Turkish producers, an anti-dumping investigation had been initiated into Junction Boxes for solar panels originating in China. The dumping investigation period for this case covered the entire year of 2024, while the injury investigation period spanned from January 1, 2022, to December 30, 2024. The Turkish tariff codes for the products in question are 8544.42.90.00.11, 8544.60.10.00.11, and 8544.60.90.00.00. The announcement took effect on the date of its issuance.

According to Thai media reports, the Thailand Board of Investment (BOI) held a meeting on the 19th and introduced four measures to help Thai enterprises cope with US tariffs and external challenges. First, it will cease to offer investment promotion incentives for industries with a supply surplus or industries vulnerable to trade restrictions imposed by the US and other countries. These industries include solar cell and panel manufacturing, certain automotive parts (such as lead-acid batteries, decorative parts, and other accessories that do not affect vehicle driving performance and safety), metal cutting, waste sorting outside industrial parks without recycling links, the downstream steel industry (e.g., long product manufacturing), sheets & plates (only including hot-rolled coil steel and thick steel plates), and various types of steel pipes.

[SMM Silicon-Based PV Morning Meeting Summary] Polysilicon: Yesterday, the mainstream transaction prices of N-type recharging polysilicon were 35-38 yuan/kg, and the N-type polysilicon price index was 35.11 yuan/kg. As transactions in the early market gradually unfolded, polysilicon prices declined. Wafer: The market prices for N-type 18X wafers were 0.93-0.95 yuan/piece, and for N-type 210RN wafers, they were 1.05-1.1 yuan/piece. Overall, wafer prices were largely stable, with relatively limited market transactions.

On May 27, China Railway Construction Network Information Technology Co., Ltd. issued a change announcement for the 2025 framework procurement tender for PV modules. Compared with the previous tender documents, the period for obtaining the tender documents has been changed from May 20, 2025 to May 26, 2025, to May 26, 2025 to May 30, 2025. The bid opening date has been changed from June 12 to June 16.

On May 26, the winning candidate for the 2025 Framework Procurement of Intelligent PV Inverters by China TIS Netwin Technology Co., Ltd. was announced, with Shenzhen Sofar {{Company}} being selected as the candidate. The tender announcement indicated that the bidder was China TIS Netwin Technology Co., Ltd., with a budget of 320,000 yuan (tax included), subject to actual procurement orders. The delivery location is within Jiangsu Province.

From May 19, 2025, to May 25, 2025, SMM recorded a total of 27 domestic projects where companies won bids for PV module projects. The winning bid prices for PV modules were concentrated in the range of 0.66-0.82 yuan/W, with a weighted average price of 0.04 yuan/W for the week, representing a decrease of 0.67 yuan/W compared to the previous week. The total procurement capacity for the winning bids was 830.04 MW, an increase of 800.49 MW compared to the previous week.

[SMM Silicon-based PV Morning Meeting Summary: Final wafer market operating rate in May was approximately 53%, with solar cell inventory increasing by 25.01% WoW] Wafer: Domestic wafer production scheduling in May slightly fell short of expectations, with some manufacturers cutting production midway, resulting in a final market operating rate of approximately 53%. In June, some manufacturers continued to slightly reduce production. Solar Cell: Module manufacturers adjusted their procurement needs, leading to a decrease in orders. Solar cell plants adjusted their production schedules to control inventory, which increased by 25.01% WoW, with the growth rate decreasing by 51 percentage points WoW.

Against the backdrop of the evolving global PV industry landscape, the US's newly introduced tariff policy on solar products from Southeast Asia is triggering a major transformation in the industry chain.