[New PV glass order prices raised]

Today, China's distributed PV market prices remained temporarily stable, with enterprise guidance prices not yet showing a significant decline. Some enterprises were still competing for orders, and prices continued to consolidate, but downward pressure was significant due to sluggish purchase sentiment.

The European Commission has formally initiated an interim review of anti-dumping duties currently applied to silicon metal imports from China, covering both dumping and injury. The review follows a request filed by Euroalliages on behalf of the EU silicon metal industry on July 8, 2026. The investigation will assess whether silicon metal from China has been sold into the EU at less than fair value and whether such imports have caused material injury to EU producers. Ferroglobe said underpriced silicon metal imports have remained a key pressure on Europe’s silicon industry, while production shifts from China to alternative sources such as Angola may add further pressure.

[SMM Silicon-based PV Morning Meeting Summary] Silicon metal: Yesterday, SMM oxygen-blown #553 silicon in east China was around 9,500 yuan/mt, and #441 silicon was around 9,500-9,700 yuan/mt. On the supply side yesterday, silicon enterprises held firm quotes, and some suppliers slightly raised their offers. Affected by long positions taking profits and exiting, the most-traded futures contract pulled back weakly. Downstream users stayed on the sidelines, with transactions limited to rigid demand. Low-priced cargoes were scarce in the market, and the price center consolidated at highs. Polysilicon: Quotes for N-type recharging polysilicon were 38.8-42.5 yuan/kg. Currently, producers' quotes are relatively stable, with very few transactions in the market. Downstream users showed some resistance to high-priced resources. On-site energy consumption inspections have resumed in some regions, giving the market some confidence in improvement.