[SMM Silicon-Based PV Morning Meeting Summary: Glass and Module Scheduled Production Decline, While Upstream Prices Remain Weak and Stable] The planned production of modules in July is 45-46GW, with a 2% production cut. Most module manufacturers have reduced their production schedules due to a significant decline in orders in July, while a very small number of leading module manufacturers have increased their production.

[SMM Analysis: Resisting "Cut-throat Competition" - PV Glass Companies Plan Concentrated Production Cuts in July] Recently, PV glass companies gathered to discuss the current supply-demand imbalance. The harm caused by the "cut-throat competition" in the glass industry is gradually increasing. Against the backdrop of weakening demand, the surplus in the supply side is growing. To avoid a vicious cycle in the market due to intensified competition among enterprises, most glass companies plan to cut production starting in July to improve the supply side, with the scale of production cuts expected to reach 30%.

Beixing Solar PV Network learned that on June 28, Triumph New Energy announced a plan. To actively respond to industry competition and challenges, increase the proportion of advanced large-tonnage capacity, improve production efficiency, and reduce unit manufacturing costs, its holding subsidiary, Zigong New Energy, plans to invest in and construct a 2000t/d ultra-thin packaging material project for PV modules. The company and another shareholder of Zigong New Energy, Zigong Jinma Industrial Investment Co., Ltd., will jointly increase capital in Zigong New Energy by 500 million yuan on a pro-rata basis in cash, specifically for the investment in the project construction.

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.

[SMM Weekly Review: EVA Prices Remain Weak and Stable, with New Orders for Film Expected to Decline in July] This week, PV-grade EVA prices ranged from 9,500 to 9,750 yuan/mt, with mainstream prices for EVA film between 12,300 and 12,500 yuan/mt, and EPE film prices between 13,900 and 14,000 yuan/mt.

[SMM Silicon-Based PV Morning Meeting Summary: Overall Weak Transaction Volume for Wafers, Continuous Decline in Solar Cell Prices] The market price for N-type 18X wafers is 0.85-0.9 yuan/piece, and for N-type 210RN wafers, it is 1.2-1.25 yuan/piece. The mainstream quotation for Topcon 183N solar cells (with 25% efficiency or higher) is 0.23-0.24 yuan/W; the mainstream transaction price for Topcon 210RN is 0.26 yuan/W, with a quotation range of 0.255-0.265 yuan/W; the price for Topcon 210N solar cells is around 0.25-0.255 yuan/W. HJT 30% silver-coated copper (with 25% efficiency or higher) has recently stabilized at 0.35-0.36 yuan/W.

[SMM Analysis: PV frame orders may decline again next month; under the background of low processing fees, the profit margins of related enterprises may be further compressed] This week, PV frame sample enterprises reported that they were negotiating next month's cooperation with module factories. Some leading PV frame profile enterprises in east China, southwest China, and Hebei reported that orders were expected to decline next month. Production orders this week could not be linked with next month's orders. Additionally, some processing enterprises expected that PV frame processing fees might further decline, which would further compress enterprises' profitability and pull back their operating rates.

[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.

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.