[SMM PV] Dongying City, Shandong Further Strengthens Safety Supervision of Distributed PV

Currently, driven by China's EVA petrochemical plants actively controlling production to support prices and the rigid continuous procurement from downstream film enterprises, the industry EVA inventory is steadily destocking. The previously high inventory pressure has significantly eased, and the sentiment of low-price sell-off in the market has largely subsided. On the demand side, marginal improvement expectations are emerging. In July, module scheduled production is expected to see a slight rebound, which is likely to drive a recovery in restocking demand for raw materials at film plants. Meanwhile, in July, multiple petrochemical enterprises plan to shut down their PV-grade EVA units for maintenance, leading to market expectations of phased supply contraction. However, the strength of end-use demand recovery remains uncertain. Whether supply tightening can align with the increase in scheduled production to drive EVA prices upward still requires continuous monitoring of spot transactions and the pace of downstream stockpiling.

Notice on the Issuance of the “Management Measures for the ‘Three-North’ Project Construction (Trial)” by the National Forestry and Grassland Administration, the National Development and Reform Commission, the Ministry of Finance, and the Ministry of Natural Resources. According to the document, the “Three-North” Project focuses on combating desertification and sandification as its main direction, takes building a robust ecological security barrier in the north as its fundamental goal, and advances strictly in accordance with the principle of “design first, then approval, and construction last.” The document encourages relevant localities, in light of actual conditions and in accordance with relevant national regulations, to explore the implementation of “work-relief,” “rewards as subsidies,” and other measures. It supports the development of governance models such as “PV + sand control” built on ensuring the consumption of new energy and “road-based sand control.” It guides enterprises, collectives, farmers, and herders to participate in project construction through means such as contracting, shareholding, leasing, and labor contribution.

On June 16, State Grid Shandong Electric Power released the May 2026 electricity market information briefing. The document shows that the settlement reference price for PV mechanism electricity prices that month was 51.042 yuan per megawatt hour. Details are as follows: