[SMM PV] Datang's 11GW PV Centralised Procurement Concluded

This week, silver ingot market premiums remained at a slight discount. Although spot premiums did not continue to decline WoW, consumption remained relatively weak, and silver ingot social inventory continued to accumulate.

According to an NBD AI news flash, JA Solar Technology stated at its earnings briefing on May 6 that the company's gross margin turned positive in Q1 2026, indicating a trend of profitability recovery. Q2 is expected to remain under pressure, but in H2, as policies take effect and volume and pricing stabilize, there is an opportunity to achieve a turnaround from losses in a single quarter. The rapid development of energy storage will facilitate PV absorption and enhance economic viability. Starting from 2027, the global PV market is expected to return to a positive growth trajectory, with PV+ESS synergy becoming a core driving force.