[Industrial Silicon Prices Fluctuated; Polysilicon Price Sentiment Was Weak]: This week, the silicon metal market fluctuated significantly on news, falling first and then rising. As of March 5, SMM east China oxygen-blown #553 silicon was at 9,000-9,100 yuan/mt, with the transaction center moving down WoW; some suppliers quoted at 9,200 yuan/mt. The futures market fell first and then rose, with large fluctuations; amid disruptions from news such as expectations for Xinjiang electricity prices and environmental protection, futures prices recovered from the bottom. As futures prices rose, trading firms engaging in both spot and futures market raised their quotes accordingly; silicon enterprises held quotes steady or increased them by 100 yuan/mt. Low-priced supply in the market shifted from spot-futures to silicon enterprises, and downstream users purchased as needed, selecting lower-priced offers.

[smm silicon-based pv morning meeting summary: upstream silicon market prices mostly stable over the weekend downstream module quotes show an upward trend] over the weekend, n-type recharging polysilicon quotes were 48-56 yuan/kg, the n-type polysilicon price index was 51.4 yuan/kg, and granular polysilicon quotes were 49-51 yuan/kg. polysilicon prices remained temporarily stable over the weekend. previously, the market sentiment was bearish, with limited transactions this weekend. the market is focusing on order signing conditions in early march, as well as the trend of silver prices amid international situations.

[SMM Cast Aluminum Alloy Morning Comment: Alloy Enterprises Yet to Resume Work, Market Mainly Sluggish] On Tuesday, the SMM ADC12 price was raised by 100 yuan/mt to 23,750 yuan/mt. Post-holiday, futures showed strong performance on the first day, boosting market sentiment, but secondary aluminum enterprises' quotations displayed some divergence. Some enterprises, considering downstream operations have not fully resumed, maintained pre-holiday quotation ranges, holding steady and adopting a wait-and-see approach; others raised prices by 100 yuan/mt accordingly. Inquiry activity in the market gradually recovered, but actual transactions remained relatively light, with the market still dominated by a wait-and-see stance. As the shutdown period for secondary aluminum plants this year was slightly longer YoY, most enterprises are scheduled to resume work between the eighth and fifteenth days of the first lunar month. Supply release pace is expected to be relatively slow in the first week after the holiday, providing phased support to prices. However, demand-side recovery is more likely to be gradual; before end-user orders show significant volume, downstream procurement will remain cautious and need-based. Cost side, continued attention is needed on price fluctuations of aluminum scrap and auxiliary materials such as copper and silicon. Primary aluminum trends remain a key variable affecting market sentiment and the price center. Overall, ADC12 prices are likely to continue the pre-holiday sideways movement pattern in the initial post-holiday period. Subsequent direction will depend on supply-demand matching after full production resumptions and primary aluminum price performance. If phased restocking coincides with primary aluminum holding up well, there is room for price recovery; otherwise, prices may face slight pressure, but the overall trend is expected to remain sideways.

An international team of photovoltaic researchers from King Abdullah University of Science and Technology (KAUST), the University of Freiburg, and the Fraunhofer Institute for Solar Energy Systems ISE have achieved a key step toward the industrialization of perovskite-silicon tandem solar cells.

【SMM Analysis】Recycling Industry Events This Week (Jun. 3-6): This week's recycling industry events.

Integrated enterprises (wafer-cell-module) full costs drop to 0.733 RMB/W. Semi-integrated enterprises (cell-module) full cost increase to 0.728 RMB/W. Specialized enterprises full costs increase to 0.719 RMB/W.