Recently, the Ministry of Industry and Information Technology and eight other departments issued a notice on the issuance of the Implementation Plan for High-Quality Development of the Gold Industry (2025-2027). The notice pointed out the quality improvement and promotion of high-end new materials, including high-purity, low-carbon gold (silver) target materials and evaporation materials for semiconductors, silver paste for solar PV, gold paste for core components such as low-temperature co-fired ceramics and chip multilayer ceramic capacitors, biomedical gold (silver) materials, electrical contact gold (silver) and alloy materials, and environmentally friendly gold-based catalysts.

[Unexpected Production Cuts at Xinjiang Silicon Enterprises, Expected Drop in Silicon Metal Production Next Week] According to market feedback, from June 20 to June 26, the weekly production of sampled silicon metal plants in Xinjiang was 34,220 mt, with a weekly operating rate of 71%, an increase WoW. Yesterday, news spread about production cuts at large plants in Xinjiang, with a rapid pace of reduction and suspension. Over 20 units were cut compared to last week, with an estimated daily production impact of around 1,500-1,700 mt. The duration of the production cuts remains uncertain.

[Weekly Review of Aluminum Scrap and Secondary Aluminum: Under the Dominance of Off-Season, Aluminum Scrap Prices Show Significant Differentiation at High Levels, While Secondary Aluminum Alloy Faces Inventory Buildup Pressure amid Weak Market Conditions] Overall, the ongoing tug-of-war between cost support and weak off-season demand persisted. After a 50-100 yuan/mt decrease in ADC12 prices during the week, prices stabilized temporarily, but the influx of low-priced goods intensified market competition. Looking ahead, with the deepening impact of the off-season and inventory accumulation, ADC12 prices are expected to remain in the doldrums in the short term. Close attention should be paid to marginal changes in raw material circulation and signs of improvement in demand.

[SMM: Social Warehouses of Silicon Metal Decline WoW] According to SMM statistics, the total social inventory of silicon metal in major regions reached 542,000 mt on June 26, decreasing by 17,000 mt WoW.

[Silicon Metal Quotes Stabilize and Edge Up, Production Cuts at Large Plants Boost Futures]: This week, the main futures contract has been trading around 7,400-7,600 yuan/mt, with some suppliers raising their quotes to downstream users by about 100 yuan/mt WoW. Downstream aluminum alloy and other users have focused on purchasing as needed or digesting inventories, with spot transaction prices remaining stagnant. On Thursday, influenced by news of production cuts at large plants in Xinjiang on the supply side, the main futures contract price rose by 2.66% in a single day, reaching an intraday high of 7,830 yuan/mt. Silicon enterprises also followed suit by raising their quotes. Downstream purchasing was relatively sluggish, with users mainly observing the market, resulting in sluggish intraday transactions. Today, SMM's oxygen-blown #553 silicon in east China is priced at 8,100-8,300 yuan/mt, up 50 yuan/mt WoW, while #441 silicon is priced at 8,400-8,600 yuan/mt, unchanged WoW.

[Silicon coal market for silicon metal raw material in the doldrums, while petroleum coke market shows moderate performance] This week, in the overall petroleum coke market, downstream enterprises' restocking behavior effectively boosted market sentiment, driving a significant increase in trading activity. It is expected that petroleum coke prices will maintain a mild upward trend next week.

[SMM Weekly Review: Wafer Prices Continue to Decline, Downstream Demand Remains Weak] This week, the price of N-type 183 wafers was 0.85-0.88 yuan/piece, the price of 210R wafers was 1.01-1.03 yuan/piece, and the price of 210 wafers was 1.2-1.25 yuan/piece. Wafer prices continued to weaken, with some 183 wafer manufacturers lowering their prices to 0.85 yuan. Leading manufacturers began quoting prices at 0.88 yuan. The overall decline in 183 wafer prices was relatively large due to demand. In July, the production schedule of wafers was further affected by the decline in prices, leading to a further drop in production economics. Multiple wafer enterprises planned to cut production.

[SMM Weekly Silicone Review: DMC Market Prices Fluctuate Slightly at Lows, Expected to Remain Volatile amid High Operating Rates] This week, domestic DMC prices were quoted at 10,300-10,600 yuan/mt, with the quotation range narrowing WoW. In Shandong, monomer enterprises quoted DMC prices at 10,300 yuan/mt, up 100 yuan/mt WoW. Other domestic monomer enterprises quoted DMC prices at 10,400-10,600 yuan/mt this week. Domestic market prices at the low end increased slightly this week, with inventory pressure easing slightly for some monomer enterprises. However, the overall market remains in an oversupply situation. Due to the influence of basic cost support, DMC prices are temporarily fluctuating at lows.

According to multiple foreign media outlets, including NEUTRALNEWS, Pertamina New and Renewable Energy (Pertamina NRE), a subsidiary of Indonesia's state-owned oil and gas company Pertamina, and LONGi Green Energy Technology Co., Ltd. officially launched a strategic project to build a solar panel manufacturing facility in Indonesia.

On June 24, the tender procurement results for PV module framework materials of China Railway 11th Bureau Group Electric Engineering Co., Ltd. were announced. The first-ranked candidate for the bid was Hunan Redsolar New Energy Technology Co., Ltd., with a unit price of 0.64 yuan/W; the second-ranked candidate was Jiangsu Zhongqing Guotou Industrial Development Group Co., Ltd., with a unit price of 0.66 yuan/W.