On July 17, polysilicon futures prices opened high and then surged significantly, with multiple contracts rising over 7%, hitting a record high since their listing.

The "anti-rat race" policy continues to stimulate a rebound in the commodity market.  

[SMM Silicon-Based PV Morning Meeting Summary] Polysilicon: Yesterday, the quoted price for N-type recharging polysilicon was 42-49 yuan/kg, and the quoted price for granular polysilicon was 41-45 yuan/kg. Currently, the market is relatively stable compared to the previous period, with some new transactions occurring earlier. Futures prices rose sharply yesterday, boosting the sentiment of some producers. Silicon Metal: Yesterday, the main continuous contract for silicon metal hit the daily limit up, closing at 9,655 yuan/mt. This was mainly driven by strong and sustained macro sentiment and policy stimuli. The quoted prices in the spot market maintained an upward trend, with spot-futures price spread quotes slightly lower than before, while absolute prices continued to rise. Keep an eye on actual transaction volumes in the market.

With the technological advancements and product evolution in the PV market, N-type products have largely replaced P-type products as the mainstream in the market.

In June, solar power surpassed nuclear and wind energy to become the European Union's primary electricity source for the first time.

The Iraqi government has decided to implement 535 projects across various government institutions, including schools and health centers, to generate electricity through solar energy.

In a significant move towards embracing renewable energy, Saudi Arabia has recently inked Power Purchase Agreements (PPAs) for seven solar and wind projects.

Richard Tice, the deputy leader of the UK's right-wing Reform UK party, has cautioned several energy companies against participating in the upcoming Allocation Round 7 (AR7) of the Contracts for Difference (CfD) scheme.

Spanish construction company Elecnor SA has selected China's LONGi Green Energy Technology to provide solar modules for a 60-megawatt photovoltaic project in the Dominican Republic.