[SMM Silicon-Based PV Morning Meeting Summary] Silicon Metal: Spot silicon metal prices remained in a stalemate consolidation. Yesterday, SMM east China oxygen-blown #553 silicon was at 9,100-9,300 yuan/mt, and #441 silicon at 9,300-9,500 yuan/mt, unchanged from the previous day. The quote center of some silicon enterprises was slightly lower than that of trading firms engaging in both spot and futures market, while downstream users mainly transacted at lower prices, and overall market trading activity was subdued. Polysilicon: N-type recharging polysilicon was quoted at 38-47 yuan/kg. Polysilicon prices continued to decline somewhat recently, mainly affected by market sentiment and inventory clearance by some leading enterprises. At present, low-priced polysilicon has already fallen below the cost line of some manufacturers, and the sentiment to hold quotes firm has strengthened somewhat. The upstream market was also still watching wafer price movements.

[SMM Silicon-Based PV Morning Meeting Summary: Polysilicon Prices Remained Slightly Weak, While Module Prices Were Overtly Stable but Softened in Practice] Over the weekend, N-type recharging polysilicon was quoted at 39.5-47.5 yuan/kg, the N-type polysilicon price index stood at 43.64 yuan/kg, and granular polysilicon was quoted at 40-43 yuan/kg. Polysilicon prices still appeared slightly weak over the weekend, with reports of some transactions concluded at low prices. Bearish sentiment among upstream and downstream enterprises persisted, and prices were expected to remain weak.

Recently, the National Development and Reform Commission issued the "Resolution on the Approval of the Hami-Dunhuang Third 750 kV Line Project", officially approving the Hami-Dunhua Third 750kV Line Project in Xinjiang. The implementation of the project is of great significance for improving the main network structure of the northwest power grid, strengthening the interconnection capacity of the power grid in Gansu and Xinjiang, and improving the level of new energy consumption in Xinjiang. According to the previous environmental impact assessment information, the total static investment of the project is 1350.9 million yuan, and it is planned to be completed in March 2027.

3月2日，国网甘肃电力董事苏少刚在新闻发布会上提到做好库木塔格、巴丹吉林两回通道前期研究。此外，甘肃省能源局副局长王永杰也曾在发布会上公开表示，争取“十五五”时期再落地实施2—3条陇电外送通道项目。

[SMM Silicon-Based PV Morning Briefing] Polysilicon: The quoted price for N-type recharging polysilicon was 42-49 yuan/kg. Polysilicon prices continued to decline recently, mainly affected by wafer price cuts and market sentiment. At present, low-priced polysilicon has already fallen below the cost line of some manufacturers, and the willingness to hold quotes firm has strengthened somewhat. The upstream market was also still watching wafer price moves. Wafer: In the market, 18X wafer prices were 1.00-1.05 yuan/piece, 210RN wafer prices were 1.1-1.15 yuan/piece, and 210N wafer prices were 1.3-1.35 yuan/piece. Wafer prices remained stable. Current selling prices have already fallen below cash cost, so the likelihood of another sharp price cut was relatively small.

Zhangye City in Gansu Province has officially launched an investment promotion for the Zhangye Economic Development Zone ESS Battery Separator Project. With a total estimated investment of 3 billion yuan, the project plans to construct 2–6 ultra-wide high-speed separator production lines and 7–21 coating lines. Located in the Circular Economy Demonstration Park, the facility is expected to reach an annual output value of 3.5 billion yuan upon completion. The Zhangye Municipal Development and Reform Commission is leading the recruitment of industrial partners for this initiative.

On January 30th, the commissioning ceremony for a company in Gansu was held in Lanzhou New Area. The project has a total investment of 3.135 billion yuan and will be constructed in two phases, each with a capacity of 100,000 tons. The first phase, with an annual output of 100,000 tons of lithium iron phosphate production line, started construction in April 2024; the second phase, also with an annual output of 100,000 tons, is planned to commence construction in March 2026.

【40,000-Ton Battery Recycling & Zero-Carbon Park Approved in Gansu】Gansu Province has greenlit a facility to process 40,000 tons/year of retired lithium batteries and establish a zero-carbon resource recovery industrial park.

【40,000-Ton Battery Recycling & Zero-Carbon Industrial Park Approved in Gansu】A Gansu provincial project to recycle 40,000 tons/year of lithium batteries and establish a zero-carbon resource recovery park has cleared planning reviews. The 31,587-square-meter facility will be built in an industrial cluster zone.

[1GWh Lithium-Ion Battery Cell Project Industrial Park Settles in Gansu] On March 11, the signing ceremony for the framework cooperation agreement between the government of Jinchang City, Gansu Province, and Hangzhou Pengcheng New Energy Co., Ltd. (referred to as Pengcheng New Energy) was held at the municipal administrative center. The two parties will engage in deep cooperation in the field of new energy batteries. The signed Xugu New Energy Industrial Park project will establish a new energy industrial park with an annual production capacity of 1GWh lithium battery integrated systems, 1GWh lithium-ion battery cells, 20,000 mt of full-silicon anode materials, and 10,000 mt of recycled lithium batteries.