SMM's monthly production data for base metals is released at the end of each month, aiming to uncover the true fundamentals for industry chain professionals and investors, and providing a clearer grasp of the future direction of the metals market.

[SMM Silicon-Based PV Morning Meeting Summary: Silicon Metal Production in September Increased MoM, Module Production Schedule Continued to Rise with Price Support] Over the weekend, the quoted price for N-type recharging polysilicon was 46-52 yuan/kg, the N-type polysilicon price index stood at 48.75 yuan/kg, and granular polysilicon was quoted at 45-47 yuan/kg. Polysilicon prices remained temporarily stable during the weekend. Trading volume for polysilicon surged at August month-end, but temporarily pulled back in September as self-discipline measures took effect, with downstream players adopting a wait-and-see approach to market conditions.

[SMM Silicon-based PV Morning Meeting Summary] Yesterday, the price of N-type recharging polysilicon was 46-52 yuan/kg, and the price of granular polysilicon was 45-47 yuan/kg. Market quotations remained temporarily stable. Influenced by the self-discipline of polysilicon enterprises in September, a batch of orders were signed and shipped at the month-end of August. Based on the later self-discipline agreement, polysilicon enterprises slightly increased their quotations in the early stage.

[SMMSilicon-based PV Morning Meeting Summary: Module Prices Slightly Increased, but Resistance to Higher Prices Remains] Recently, the market's low-price quotations for distributed systems have been adjusted upwards, and the situation of low-price competition has slightly eased. The transaction prices of top-tier enterprises have also increased recently, but it is still difficult to close deals at prices above 0.7 yuan/W. In recent times, the price of solar cells on the cost side has been adjusted, enhancing the cost support for modules. However, the demand-side installations continue to decline, and overseas stockpiling has also largely come to an end. It is expected that module prices will remain in a state of negotiation in the near term. Currently, the quotes for high-efficiency Topcon183, 210R, and 210N modules for distributed systems are 0.675 yuan/W, 0.697 yuan/W, and 0.677 yuan/W, respectively, while those for centralized Topcon182/183 and 210N high-efficiency modules are 0.659 yuan/W and 0.674 yuan/W, respectively.

This week, PV-grade EVA prices were 9,600-10,350 yuan/mt, EVA with high vinyl acetate content prices were 10,150-11,000 yuan/mt, and EVA with low vinyl acetate content prices were 10,000-10,600 yuan/mt. Due to the continuous rise in PV-grade EVA prices on the cost side recently, film companies faced severe cost pressures, and some film companies expected price increases. Currently, negotiations were ongoing, and it was anticipated that new orders for films in September would see a rising trend.

[SMMSilicon-based PV Morning Meeting Summary] Silicone DMC: Current quotations are 10,500-11,500 yuan/mt. WoW, the average transaction price of DMC fell by 1,000 yuan/mt. The back-and-forth negotiations between upstream and downstream are gradually entering a critical stage. Dimethyldichlorosilane plants are competing to offer discounts to encourage downstream enterprises to place orders. Wafer: The market price for N-type 18X wafers is 1.2-1.2 yuan/piece; the price for 210R model wafers is 1.33-1.35 yuan/piece. Major manufacturers are selling at regular prices, while some smaller factories offer 210R and 210 models at 0.01-0.02 yuan/piece lower. Overall, the supply and demand for the 183 market has support. After wafer companies met in Beijing this afternoon, it will have an impact on future wafer price trends.

[smm silicon-based pv morning meeting summary: silicon metal prices stable, expectations for production cuts at some polysilicon bases] over the weekend, n-type recharging polysilicon was quoted at 45-49 yuan/kg, with the n-type polysilicon price index at 45.9 yuan/kg, and granular polysilicon was quoted at 43-46 yuan/kg. polysilicon prices were stable over the weekend, with limited transactions in the polysilicon market currently, and downstream price transmission facing significant pressure.