On June 27th, the SANY Silicon Energy 2GW High-Efficiency Crystalline Silicon PV Module Production Site located in Nanjiang County officially commenced operations. To enhance the power of the modules, the project adopted a combination of the most cutting-edge edge passivation technology, rapid water cooling technology, and half-cut cell technology in the industry, resulting in an 8-10W increase in module power. The application of double-glass lamination technology has upgraded the modules from single-glass to double-glass, effectively isolating moisture penetration and extending the module lifespan from 25 years to 30 years.

[Daily Review of ADC12 Prices: Cast Aluminum Alloy Futures Rise Slightly, Spot Market Shows Mediocre Performance] In the spot market, the SMM A00 aluminum price remained flat at 20,780 yuan/mt; the SMM ADC12 price range held steady at 20,000-20,200 yuan/mt. Today, aluminum prices remained stable, with limited fluctuations in the raw material end of ADC12. Mainstream quotations in the market were mostly unchanged, but actual transactions were sluggish.

By the end of 2024, China's actual installed capacity for primary silicon metal production was 8.5 million mt/year, with a production volume of 4.72 million mt/year. The capacity for polysilicon production was 2.87 million mt/year, with a production volume of 1.84 million mt/year. The capacity for wafer production was 1,170 GW/year, with a production volume of 718 GW/year. China's share of global capacity in these areas exceeded 85%, 94%, and 97% respectively. Among them, the production share of silicon metal and polysilicon increased by 14.6 percentage points and 18.8 percentage points respectively compared to 2020, while the production volume of wafers increased 3.5 times compared to 2020. The top two silicon metal enterprises, the top seven polysilicon enterprises, and the top ten monocrystalline silicon enterprises in terms of global capacity are all rooted in China. Moreover, key enterprises have invested and made arrangements in Southeast Asia, the Middle East, and other regions, forming a new development pattern of "Chinese technology + global layout.

According to SMM, in order to break the "cut-throat competition", leading domestic PV glass enterprises plan to collectively cut production by 30% starting from July. In addition, the number of enterprises planning to block their furnaces has begun to increase. It is expected that the domestic PV glass supply will decline rapidly, and the domestic supply-demand imbalance will be improved. It is projected that domestic glass production will drop to around 45GW in July.

[Daily Review of ADC12 Prices: Aluminum Prices Fall Back from Highs, Secondary Aluminum Prices Remain Stable with a Wait-and-See Attitude] In the spot market, the SMM A00 price dropped significantly by 110 yuan/mt to 20,780 yuan/mt, while the SMM ADC12 price remained stable at 20,000-20,200 yuan/mt. Affected by the overall weakness in aluminum prices, the secondary aluminum market generally adopted a cautious wait-and-see attitude, with little willingness to adjust quotes. However, downstream demand remained weak, with downstream enterprises making just-in-time procurement, and market trading activity remained sluggish.

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.

[Daily Review of ADC12 Prices: Aluminum Prices Surge, Secondary Aluminum Prices Generally Rise] In the spot market, the SMM A00 price surged by 280 yuan/mt to reach 20,890 yuan/mt, while the SMM ADC12 price increased by 100 yuan/mt to range from 20,000 to 20,200 yuan/mt. Driven by the rise in aluminum prices, the cost of aluminum scrap generally increased, and there was a strong willingness in the market to raise prices. However, overall transactions remained weak, with downstream enterprises mostly maintaining just-in-time procurement.

[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.