In the recently concluded financial reporting season, the PV module industry has been in a dismal state, and perhaps "breaking boundaries" has long become one of the strategies for many enterprises. In fact, this is also an inevitable path under the construction of a new-type power system, and a diversified and integrated approach may be the unified choice for new energy enterprises.

[SMM Silicon-based PV Morning Meeting Summary: Wafer Prices Continue to Fall, Solar Cell Prices Fluctuate Downward] The market price of N-type 18X wafers is 0.95-0.95 yuan/piece, and the price of N-type 210RN wafers is 1.08-1.1 yuan/piece. The mainstream quotations for Topcon 183 solar cells (with an efficiency of 25% and above) are around 0.255-0.26 yuan/W; Topcon 210RN solar cells are priced at 0.26-0.27 yuan/W; Topcon 210 solar cells are priced at around 0.275-0.28 yuan/W.

[SMM Analysis: Aluminum Prices Fluctuate at Highs, Suppressing PV Operating Rates - Market Differentiation Amidst Weak Demand and Cost Pressures] This week, the operating rates of leading enterprises in the PV frame sector only dropped back slightly, with production schedules still following order rhythms. However, some outsourcing enterprises in east China and Henan reported a sharp decline in PV orders, with operating rates only maintained in the 40%-50% range. SMM will continue to monitor the actual order situation.

[SMM Weekly Review: Intense Price Competition in the Cell Market, Polysilicon Prices Continue to Face Downward Pressure] This week, PV module prices continued their downward trend. The mainstream transaction prices for N-type 182mm modules in centralized projects ranged from 0.697 to 0.705 yuan/W, with the average price decreasing by 0.004 yuan/W. The mainstream transaction prices for N-type 210mm modules ranged from 0.712 to 0.72 yuan/W, with the average price also decreasing by 0.004 yuan/W. The price of distributed N-type 182mm modules hovered around 0.685 to 0.692 yuan/W, with the average price decreasing by 0.01 yuan/W compared to last Friday. The price of distributed N-type 210mm modules was 0.69 to 0.697 yuan/W, with the average price decreasing by 0.01 yuan/W compared to last Friday. The price of distributed N-type 210R modules ranged from 0.678 to 0.69 yuan/W, with the average price decreasing by 0.008 yuan/W compared to last Friday. This week, the inversion phenomenon between distributed and centralized projects has somewhat eased, and there is a short-term trend of module prices bottoming out and stabilizing. Currently, local governments have successively introduced policies to implement Document No. 136, and end-users are still waiting for bidding notifications to calculate their investment yields. This week, the PV Association provided benchmark prices for current modules as guidance. It is understood that violating relevant regulations may result in being blacklisted. SMM analyzed that this measure will promote the short-term stabilization of module prices.

[SMM Weekly Review: Strong Wait-and-See Sentiment in the Market, EVA Transaction Center Continues to Decline] This week, the price of PV-grade EVA was 10,500-10,700 yuan/mt, the mainstream price range of EVA film was 13,000-13,200 yuan/mt, and the price range of EPE film was 14,500-15,000 yuan/mt.

On February 9, China’s National Development and Reform Commission (NDRC) and National Energy Agency (NEA) jointly published the Notice on Deepening Market-Based Reform of Renewable Energy On-Grid Tariffs to Promote High-Quality Renewable Energy Development.

[Live Broadcast of Silver Conference: Economic Situation Analysis, Precious Metal Price Interpretation, Prospects for PV Applications, and Sharing of Cutting-Edge Technologies in the Industry] ► Basic Analysis of the Current Economic Situation ► Analysis of China's Copper, Lead, and Zinc Resource Security Capabilities ► Trend Analysis of Silver and Gold Prices ► Current Status and Prospects of Silver Applications in the PV Industry ► Exploring Cutting-Edge Solutions for Innovative PV Silver Recovery Technologies ► Exploring the Innovation-Driven Advancements in Cutting-Edge Technologies and Intelligent Equipment for Precious Metal Recovery and Refining ► Roundtable Discussion: Current Opportunities and Challenges for Silver ► Current Status and Development Trends of China's Silver Nitrate Industry Technology Market ► Global Demand and Trend Prospects for PV Silver Paste

[SMM Silicon-based PV Morning Meeting Summary: Minor accumulation of module inventory, solar cell prices in the doldrums in the short term] The mainstream quotations for Topcon 183 solar cells (with an efficiency of 25% and above) are around 0.26-0.27 yuan/W; Topcon 210RN solar cells are priced at 0.26-0.27 yuan/W; Topcon 210 solar cells are around 0.275-0.28 yuan/W. The overall price of cells is gradually entering a plateau, and a slight downward oscillation is expected, but it will tend to stabilize in the short term.

[SMM Silicon-Based PV Morning Meeting Summary] Polysilicon: In May, polysilicon production declined slightly by around 2,000 mt MoM, with multiple enterprises cutting production. On the 14th, an industry meeting was held again, with market attention focused on whether the negotiated production cuts would be implemented. Wafer: In May, wafer production by enterprises declined by around 3 GW MoM, with individual specialized enterprises further cutting production in the near term, leading to a continued decrease in output.