[SMM Silicon-Based PV Morning Meeting Summary] Polysilicon: Yesterday, the mainstream transaction prices of N-type recharging polysilicon were 37-44 yuan/kg, and the N-type polysilicon price index was 37.28 yuan/kg. This week, the price center of polysilicon declined slightly, but the overall decline slowed down. The concentrated order signing period in the market has passed, and trading volume was limited. Wafer: The market price of N-type 18X wafers was 1-1.05 yuan/piece, and the price of N-type 210RN wafers was 1.15-1.2 yuan/piece. The market prices of wafers have stabilized somewhat, and trading volume rebounded during the holiday.

According to SMM, in April 2025, silver production recorded a 1% MoM decline and a 0.94% YoY decline. The cumulative SMM 1# silver production for 2025 reached 5,961 mt.

On May 6, the procurement results for the solar panel mounting brackets (Lots I, II, and III) of Phase I of the 500,000 kW PV Integrated Project for Sand Control and Desertification Prevention in Dalad Banner, undertaken by the Inner Mongolia Energy Group and designed by the Central-Southern China Institute of PowerChina, were announced. The winning bidder for Lot I was Jiangsu Guoqiang Xingsheng Energy Technology Co., Ltd., for Lot II was Ordos Zhongfu Green Energy Technology Development Co., Ltd., and for Lot III was Jiangxi Provincial Communications Engineering Metal Components Co., Ltd.

On April 30, the list of candidates for the 2025 (Bijie City) Base Station PV Module Procurement Project of Guizhou Branch of Steel Tower Energy Co., Ltd. was announced. The first-ranked candidate is Shanghai Datang Mobile Communications Equipment Co., Ltd., with a total tax-inclusive response price (evaluation price) of 1,501,632.00 yuan; the second-ranked candidate is Baode Lighting Group Co., Ltd., with a total tax-inclusive response price (evaluation price) of 1,660,896.00 yuan.

From April 28, 2025, to May 4, 2025, SMM recorded a total of 23 domestic enterprise-won PV module projects that week. The winning bid prices for PV modules were concentrated in the range of 0.66-0.85 yuan/W, with a weekly weighted average price of 0.75 yuan/W, representing an increase of 0.06 yuan/W compared to the previous week. The total procurement capacity for the winning bids was 43.33 MW, a decrease of 927.59 MW compared to the previous week.

On April 28, the tender announcement for the flexible PV module framework tender of projects including the in-plant distributed PV power generation (Phase II) of Zhenhai Refining & Chemical Company, a subsidiary of China Petroleum & Chemical Corporation, was released. The announcement indicated that 23,835 flexible PV modules would be procured through the framework tender for the in-plant distributed PV power generation (Phase II) and other projects.

SMM's monthly production data for base metals is released at the end of each month, aiming to uncover the true fundamentals for industry chain professionals and investors, and providing a clearer grasp of the future direction of the non-ferrous metal market.

On May 1, Guangzhou Development New Energy Group announced the winning candidates for small and micro distributed PV projects, which were divided into 15 sections with a total capacity of 1.092 GW. Specifically, Skyworth, Midea, TrinaSolar, Nenghui Technology, Xinmaide, GCL, and other enterprises were the first-ranked winning candidates, with winning unit prices ranging from 2.6 to 3.6 yuan/W. See the table below for details: