Adani Ports & SEZ (APSEZ) signed a strategic agreement with India's NMDC and Brazil's Vale on February 21, 2026, to develop an iron ore blending facility at Gangavaram Port. The project will expand the port’s capacity to 75 million metric tonnes (MMT) and upgrade it to handle Valemax vessels (up to 400,000 DWT). This hub will allow for the blending of high-grade Brazilian ore with Indian fines, optimizing feed quality for domestic and regional blast furnaces.

Australian port authority Pilbara Ports resumed operations at Port Hedland at 12pm local time (4am GMT) on 8 February because Cyclone Mitchell passed the area. Port Hedland is a major iron ore export hub in Western Australia (WA). Pilbara Ports has not reopened the ports of Ashburton, Cape Preston West, Dampier, and Varanus Island, it said on 8 February. It cleared all berths at the export hubs, which handle LNG and iron ore exports, because of expected cyclonic weather on 6 February. Cyclone Mitchell has passed WA's iron ore-rich Pilbara region and moved to the southern part of the state, according to Australia's Bureau of Meteorology (BoM).

On Tuesday (June 17), the Bank of Japan (BOJ) stated in its latest monetary policy statement that it would maintain the policy interest rate at 0.5% and planned to slow down the pace of reducing bond purchases in the next fiscal year. In late May, Japanese government bond yields surged to record highs, driven by weak demand from investors for long-term Japanese government bond auctions and high volatility in the global bond market. On May 21, the yield on 30-year Japanese government bonds hit a historic high of 3.2%. At that time, traders noted that this not only reflected market concerns about the global economic outlook but also concerns about the impact of the BOJ's ongoing plan to reduce bond purchases. On Tuesday, the BOJ's Policy Board concluded a two-day meeting. During the meeting, policymakers unanimously voted to keep the short-term interest rate unchanged at 0.5% and to reduce bond purchases at a slower pace starting next year . It is evident that the key focus of this meeting was to adjust the pace. This outcome was also in line with market expectations. Prior to the meeting, Ryutaro Kono, Japan's chief economist at BNP Paribas, pointed out, "The instability in the bond market is not conducive to the implementation of monetary policy. To prudently balance the pace of balance sheet reduction, the BOJ is likely to slow down the pace of reducing bond purchases starting from next spring." Slowing down the pace of balance sheet reduction In March last year, the BOJ abolished its negative interest rate and yield curve control policies, and then decided in July of the same year to reduce the scale of bond purchases, which would continue until March 2026. Specifically, the BOJ will continue to reduce its monthly government bond purchase plan and decrease the scale of quarterly bond purchases by approximately 400 billion yen (approximately $2.8 billion) until March 2026. On Tuesday, the BOJ stated that it would not make any changes to the existing reduction plan . It is estimated that, as of the quarter ending June 2026, the BOJ's monthly bond purchases will amount to 4.1 trillion yen. However, according to the BOJ's plan for the next fiscal year, the bank indicated that it would slow down the reduction pace to 200 billion yen (approximately $1.4 billion) per quarter starting from April 2026 , with the goal of reaching a monthly purchase level of 2.1 trillion yen by March 2027. The BOJ explained that this move aims to "improve the functioning of the Japanese bond market in a manner that supports market stability." On Tuesday, BOJ Governor Kazuo Ueda held a press conference after the meeting, stating that the bank would appropriately reduce bond purchases in a predictable manner and would respond flexibly if yields rise significantly. Regarding the matter of interest rate hikes, Ueda noted that if the economic outlook aligns with expectations, the central bank will raise interest rates. Investment Bank Perspectives HSBC Global Research pointed out that a monthly bond purchase scale of 2 trillion yen represents a "natural" level, stating that this would be roughly equivalent to the amount of Japanese government bonds (JGBs) the Bank of Japan (BOJ) purchased monthly before introducing its ultra-loose monetary policy in April 2013. Benjamin Shatil, a senior economist at JPMorgan Chase in Tokyo, said, "As the BOJ moves further away from the market and begins to end the liquidity expansion that has lasted for over a decade, the bank is walking a fine line in trying to contain volatility." Shatil added that the BOJ's gradual exit from its ultra-loose monetary policy not only has implications for Japan but also for the global bond market. "The market's focus is increasingly shifting from the BOJ's policy rate normalization path to the pace of its balance sheet reduction," he said. Krishna Bhimavarapu, an Asia-Pacific economist at State Street Global Advisors, believes that the BOJ will not make any changes to its existing tapering plan before the first quarter of next year, marking a small victory for the BOJ "as the market does not seem to need immediate help to cope with the recent surge in long-term JGB yields." Following the BOJ's latest statement at noon, the Nikkei 225 index rose 0.55%, the yen strengthened 0.13% against the US dollar to 144.55, and the 10-year JGB yield climbed 3 basis points to 1.491%.

On June 17, 2025, the 2025 SMM (2nd) Southeast Asia Automotive Supply Chain Conference , hosted by SMM, successfully concluded at the Hyatt Regency Bangkok Sukhumvit in Bangkok, Thailand! The conference brought together experts, scholars, corporate representatives, and government officials from the domestic and overseas automotive industries to discuss new trends and models in the development of the automotive industry, share the latest technologies and innovative achievements, promote collaborative development and cooperation within the automotive industry, facilitate the improvement and enhancement of the industry chain, help Chinese automotive industry chain enterprises better understand overseas investment environments, leverage the complementary advantages of various countries and regions in the automotive industry, and jointly support the healthy and sustainable development of the automotive industry! Yossapong Laoonual, Honorary Chairman of the Electric Vehicle Association of Thailand (EVA) and Director of the Mobility and Vehicle Technology Research Center (MOVE) at King Mongkut's University of Technology Thonburi (KMUTT) , stated that Thailand's electric vehicle vision (the 30@30 Policy) sets an ambitious goal of achieving 30% zero-emission vehicles (ZEVs) in the country's total production and 50% in newly registered vehicles by 2030. To achieve this goal, the government provides subsidies to original equipment manufacturers producing cars, pickup trucks, and motorcycles. The planned annual capacity for EVs exceeds 500,000 units, while the actual production in 2024 was 9,688 units, representing a 58-fold increase compared to the entire year of 2023. Although internal combustion engine vehicles still dominate the market, the growth rate of battery electric vehicles (BEVs) and hybrid electric vehicles (HEVs) is very rapid, with a compound annual growth rate (CAGR) of 138% for BEVs from 2020 to 2024. By 2024, the market penetration rate of electric four-wheelers had reached 13%. Asst. Prof. Uthane Supatti, Ph.D., Vice Chairman of the Electric Vehicle Association of Thailand (EVAT) , stated, when referring to the development of charging infrastructure in Thailand, that after 2023, the deployment of charging piles in Thailand has reached a significant turning point. Data shows that the number of charging piles increased by an astonishing 306.2% YoY in 2023. By 2023, the number of charging piles had already surpassed the original target set for 2025. However, there is still significant room for improvement to achieve the 2030 goal, and continued efforts in construction are needed. In addition, Yao Xinying, Director of SMM Steel Product Research , released the SMM Thailand Metal Prices and Thailand Steel Prices to help enterprises identify fair prices and reduce transaction costs. She stated that the Thai manufacturing industry still faces numerous obstacles in price referencing and settlement, such as the lack of authoritative price benchmarks, low price transparency, an imperfect settlement system, and susceptibility to market manipulation. SMM, closely connected with the upstream and downstream of the Thai metal industry chain, has launched the SMM Thailand Metal Prices to facilitate market transactions. Additionally, SMM has specially designed a networking session for automakers, bringing together over a dozen well-known domestic and overseas automakers, including BYD and BMW, to provide dedicated time for supply and demand exchanges between attending guests and automakers, facilitating collaboration discussions! 》Click to view the live video of the conference 》Click to view the live photo gallery of the conference 》Click to view the special coverage of the conference Opening Remarks Speaker: Logan Lu, CEO of SMM 》Click to view details of the on-site speech Guest Speaker Session Speech Topic: Latest Policies in Southeast Asia's Automotive Industry Guest Speaker: Yossapong Laoonual, Honorary Chairman of the Electric Vehicle Association of Thailand (EVA) and Director of the Mobility and Vehicle Technology Research Center (MOVE), King Mongkut's University of Technology Thonburi (KMUTT) Thailand's EV Vision (30@30 Policy) Thailand's EV Vision (30@30 Policy) sets an ambitious target of achieving 30% zero-emission vehicles (ZEVs) in the country's total production and 50% in new vehicle registrations by 2030. To achieve this, the government is providing subsidies to original equipment manufacturers (OEMs) producing cars, pickup trucks, and motorcycles. 2024 Capacity and Market Performance The planned annual production capacity for EVs exceeds 500,000 units, with actual production in 2024 reaching 9,688 units, a 58-fold increase compared to the full year of 2023. Despite internal combustion engine vehicles still dominating the market, the growth rates of battery electric vehicles (BEVs) and hybrid electric vehicles (HEVs) have been very rapid, with BEVs achieving a compound annual growth rate (CAGR) of 138% from 2020 to 2024. By 2024, the market penetration rate of electric four-wheelers has reached 13%. Infrastructure Development By 2024, the ratio of electric passenger vehicles to charging stations is 28, and the number of DC charging piles has exceeded the 2025 target by 40%. These charging piles are mainly distributed in gas stations, department stores, office buildings, and other locations. Challenges Faced In Thailand's four-wheeled EV market, Chinese OEMs have already taken a dominant position and are benefiting from the 30@30 policy. To enhance the competitiveness of the local automotive industry, local auto parts suppliers should actively integrate into the global supply chain and collaborate with Chinese OEMs to improve price competitiveness and enhance technological capabilities. 》EVA Thailand Shares: Thailand's EV Outlook - Opportunities and Challenges Automotive Brand Building and Differentiation Strategies in the Southeast Asian Market Guan Xin, Deputy General Manager of Changan Automobile's Southeast Asia Division Zhang Cong, General Manager of Geely Radar Thailand Pichayuth Vongpattanasin, Vice President of Omoda&Jaecoo (Thailand) Co., Ltd. Roundtable Discussion: Pathways for Building and Optimizing Localized Supply Chains in Southeast Asia Guests: Martin Knoss, Regional President for Passenger Cars, Commercial Vehicles, and Off-Road Vehicles in the ASEAN Market Segment, Powertrain Solutions Division, Robert Bosch Automotive Technology (Thailand) Co., Ltd. Peter Klöpfer, Senior Manager, Rutronik Yoshinobu Egawa, Head of China Region, SIIX Corporation Ma Ming, General Manager, Joyson Safety Systems (Thailand) Guan Xin, Deputy General Manager of Changan Automobile's Southeast Asia Division Speech Topic: SMM Thailand Metal Price Launch & Thailand Steel Price Release - Discovering Fair Prices and Reducing Transaction Costs Guest Speaker: Yao Xinying, Director of Steel Product Research, SMM Why Launch SMM Thailand Metal Prices? The Thai manufacturing industry still faces numerous obstacles in terms of price reference and settlement. 1. Lack of an authoritative price benchmark Thailand lacks an independent third-party price publishing platform, resulting in a lack of unified and credible price reference standards for metal trading. This makes it difficult for buyers and sellers to reach fair pricing agreements, exacerbating market price confusion. 2. Low price transparency Due to the absence of professional price information disclosure channels, metal trading price data is scattered and not publicly available. Market participants are unable to obtain timely and accurate market information, increasing the difficulty of price discovery and the risk of trading decisions. 》SMM Thailand Metal Price Launch Event & Thailand Steel Price Release - Discovering Fair Prices and Reducing Trading Costs Roundtable Discussion: Southeast Asia Automotive Supply Chain - Import and Local Matters (Services, Prices, Landing Support Possibilities) Dong Rujun, Senior Overseas Market Manager, SMM Wu Zhengguo, Operations Director, Taichengfa Co., Ltd. Wu Zhongxian, Deputy General Manager, International Trade Company, CITIC Pacific Special Steel Group Co., Ltd. Bai He, General Manager, RTM International Aluminum Division, Mitsubishi Corporation Yingzhang Liang, Head of Sustainability, Metals & Mining, Asia Pacific, Bloomberg Intelligence Shine Peng, Sales General Manager, FedEx Speech Topic: Accelerating the Development of Thailand's EV Ecosystem Guest Speaker: Asst. Prof. Uthane Supatti Ph.D., Vice Chairman, Electric Vehicle Association of Thailand (EVAT) Transformation of Transportation Modes in Thailand Traditional transportation modes include speedboats, traditional buses, and traditional trains. After improvements, electric taxis, electric buses, and electric motorbike taxis have emerged. Following electrification development, subways, trams, and electric boats have also come into people's view. Thailand's EV Vision - The "30@30" Policy Thailand has set EV adoption and production targets for 2025 and 2030. By 2030, the following goals will be achieved: zero-emission vehicles will account for 30% of Thailand's total vehicle production; zero-emission vehicles will account for 50% of the country's vehicle usage. Passenger Vehicle Production: As of 2024, Thailand's total sedan production reached 1,468,997 units, a YoY decrease of 20%. Among them, passenger vehicle production was 558,440 units, a YoY decrease of 13.5%. Pure electric passenger vehicle production was 9,688 units, a YoY surge of 5,807.3%. 》Current Status of Thailand's EV Industry - How to Accelerate the Development of Thailand's EV Ecosystem? Roundtable Discussion: Accelerated Electrification and Localization Progress of Core Components in Thailand Xiaolong Xu, Deputy General Manager, Inovance United Power System (Thailand) Co., Ltd. Zhibiao Fu, Plant Manager, Shanghai Edrive (Thailand) Co., Ltd. Tongkarn Kaewchalermtong, Chair of the Transport and Logistics Working Group, ASEAN Federation of Engineering Organizations (AFEO) Sizhan Chen, Chairman of the Automotive Parts Industry Association, Federation of Thai Industries, and Deputy Secretary General, Thai Auto Parts Manufacturers Association Haofeng, Business Director, Gotion High-tech (Thailand) Co., Ltd. Presentation Topic: Industrialization Breakthrough of Ultra-Thin Soft Magnetic Materials for High-Efficiency Drive Motors Guest Speaker: Lugang Zhan, Executive Deputy General Manager, Hunan Hongwang New Materials Technology Co., Ltd. (At the speaker's request, this presentation will not be publicly available) Roundtable Discussion: Charging Pile Infrastructure: Unlocking the Last Mile of Southeast Asia's New Energy Revolution Liming Zhao, Overseas Sales Director for Southeast Asia, Teld International Soravis Sithicharoen, Charging Pile Business Head, Gentari Green Mobility Thailand Chavarin Chavarangkul, Charging Pile Head and Sales Director, Innopower Company Limited Presentation Topic: Operational Status of Lithium Carbonate Futures Guest Speaker: Bing Leng, Deputy General Manager, GFEX (At the speaker's request, this presentation will not be publicly available) Presentation Topic: Eastern Economic Corridor (EEC): A Hub of Prosperity Opportunities Guest Speaker: Songwut Apirakkhit, Executive Head of Next-Generation Automotive Sector, Eastern Economic Corridor Roundtable Discussion: Investment Models in Southeast Asia: Pros and Cons of Joint Ventures and Wholly Owned Subsidiaries Weien Lin, Director and Deputy General Manager, Thai Long United Automotive Co., Ltd. Kuixian Lin, Founder of Jiahua Group and CEO of NexV, Sdn Bhd Bin Zhao, President, Thai-Chinese Rayong Industrial Zone Development Co., Ltd. June 17 Main Conference Presentation Topic: Rizhao Steel's ESP Automotive Steel Supports Green and Efficient Development in the Automotive Industry Guest Speaker: Xutao Zheng, Deputy Director of Technology and Quality Department, Technical Center Director, Rizhao Steel Holding Group Co., Ltd. (At the speaker's request, this presentation will not be publicly available) Roundtable Discussion: How Southeast Asia's Local Supply Chain Serves European and US Markets Tuan Vi, Vice President of Supply Chain and Logistics for Asia Pacific, Schaeffler Vietnam Sridhar Ramakrishna, Application and Engineering Director, Tenneco Presentation Topic: Smart Logistics Systems and Technologies Facilitating Global Supply Chain Expansion Guest Speaker: Chunlong Jin, Deputy General Manager, Shanghai Boyi International Logistics Co., Ltd. (At the speaker's request, this presentation will not be publicly available) Roundtable Discussion: Potential Synergies in Battery Cell Chemical Materials Across Southeast Asia Logan Lu, CEO, SMM Tony, General Manager, Sunwoda EV Energy (Thailand) Co., Ltd. Rui Liu, Chairman, Innovate (Malaysia) New Materials Technology Co., Ltd. Changxi Jin, Sales Director for Japan, South Korea, and Southeast Asia, Electrolyte Division, Guangzhou Tinci Materials Technology Co., Ltd. Shuzhan Yang, Deputy General Manager, BTR New Materials Group Co., Ltd., and Chairman, BTR Indonesia Automaker Demand Matching Session At the 2025 SMM (2nd) Southeast Asia Automotive Supply Chain Conference , SMM has specially designed a networking session for automakers, bringing together over a dozen renowned domestic and overseas automakers to provide attendees with dedicated time for supply and demand discussions and collaboration opportunities! 》Click to view the list of automakers participating in the exchange meeting Sign-in 》Click to view more highlights from the event With this, the 2025 SMM Southeast Asia (Thailand) Automotive Supply Chain Conference has come to a successful conclusion Thank you for the support of all industry colleagues See you next year! 》Click to view the special report on the 2025 SMM Southeast Asia (Thailand) Automotive Supply Chain Conference

In recent years, Southeast Asia has gradually become an important period in the global automotive industry, leveraging its unique geographical advantages, abundant resources, and vast consumer market, which contain rich supply and demand opportunities. As a regional leader, Thailand has attracted the attention of many Chinese NEV manufacturers. From June 16-17, 2025, the 2025 SMM (2nd) Southeast Asia Automotive Supply Chain Conference , hosted by SMM, will be grandly held at the Hyatt Regency Bangkok Sukhumvit in Bangkok, Thailand! At this conference, SMM has invited experts, scholars, enterprise representatives, and government officials from the domestic and overseas automotive industries to gather together, jointly explore new trends and models in the development of the automotive industry, and share the latest technologies and innovative achievements. This grand event aims to promote the coordinated development and cooperation of the automotive industry, facilitate the improvement and enhancement of the industry chain, help Chinese automotive industry chain enterprises better understand the overseas investment environment, fully leverage the complementary advantages of various countries and regions in the automotive industry, and jointly drive the healthy and sustainable development of the automotive industry! SMM will provide live video, photo, and text coverage of this summit throughout the event. Stay tuned! 》Click to view the live video of the conference 》Click to view the live photos of the conference 》Click to view the special report on the conference Opening Remarks Guest Speaker: Logan Lu, CEO of SMM 08:50-09:00 Latest Policies on the Southeast Asia Automotive Industry 09:00-09:20 Automotive Brand Building and Differentiation Strategies in the Southeast Asia Market Guan Xin, Deputy General Manager of Changan Automobile Southeast Asia Business Unit Zhang Cong, General Manager of Geely Radar Thailand Pichayuth Vongpattanasin, Vice President of Omoda&Jaecoo (Thailand) Co., Ltd. 09:20-09:50 Construction and Optimization Paths for Localized Supply Chains in Southeast Asia Guests: Martin Knoss, Regional President for Passenger Cars, Commercial Vehicles, and Off-Road Vehicles in the ASEAN Market Segment, Powertrain Solutions Division, Robert Bosch Automotive Technology (Thailand) Co., Ltd. Peter Klöpfer, Senior Manager of Rutronik Yoshinobu Egawa, Head of SIIX Corporation in China Ma Ming, General Manager of Joyson Safety Systems (Thailand) Guan Xin, Deputy General Manager of Changan Automobile Southeast Asia Business Unit 10:15-11:00 Speech Topic: SMM Thailand Metal Price Release Conference & Thailand Steel Prices Release - Discovering Fair Prices and Reducing Transaction Costs Guest Speaker: Yao Xinying, Director of Steel Research at SMM 11:00-11:10 Southeast Asia Automotive Supply Chain - Import and Local Matters (Services, Prices, and Landing Support Possibilities) Dong Rujun, Senior Overseas Market Manager of SMM Wu Zhengguo, Operations Director of Thai Chengfa Co., Ltd. Wu Zhongxian, Deputy General Manager of the International Trade Company of CITIC Pacific Special Steel Group Co., Ltd. Bai He, General Manager of the RTM International Aluminum Business Unit under Mitsubishi Corporation Leung Wing Cheung, Head of Asia Pacific Metals & Mining, Sustainability, Bloomberg Intelligence Shine Peng, Sales General Manager of FedEx 11:10-11:45 Speech Topic: Dedicated to EVAT Guest Speaker: Asst. Prof. Uthane Supatti Ph.D., Vice Chairman of the Electric Vehicle Association of Thailand (EVAT) 13:30-13:50 Research on the Acceleration of Electrification and Localization Progress of Core Components in Thailand Xu Xiaolong, Deputy General Manager, Inovance United Power System (Thailand) Co., Ltd. Fu Zhibiao, Factory Director, Shanghai E-Drive (Thailand) Co., Ltd. Tongkarn Kaewchalermtong, Chair of the Transport and Logistics Working Group, ASEAN Federation of Engineering Organizations (AFEO) Chen Sizhan, Chair of the Auto Parts Industry Association, Federation of Thai Industries, and Deputy Secretary General, Thai Auto Parts Manufacturers Association Hao Feng, Business Director, Gotion New Energy (Thailand) Co., Ltd. 13:50-14:35 Speech Topic: Industrialisation Breakthrough of Ultra-thin Soft Magnetic Materials for High-efficiency Drive Motors Guest Speaker: Zhan Lugang, Executive Deputy General Manager, Hunan Hongwang New Material Technology Co., Ltd. 14:35-14:55 Charging Pile Infrastructure: Unlocking the Last Mile of the New Energy Revolution in Southeast Asia Zhao Liming, Overseas Sales Director, Southeast Asia Region, TELD International Soravis Sithicharoen, Head of Charging Pile Business, Gentari Green Mobility Thailand Chavarin Chavarangkul, Head of Charging Pile Business and Sales Director, Innopower Company Limited 15:20-16:05 Speech Topic: Operational Status of Lithium Carbonate Futures Guest Speaker: Leng Bing, Deputy General Manager, Guangzhou Futures Exchange (GFEX) 16:05-16:25 Speech Topic: Eastern Economic Corridor (EEC): Where Prosperity Begins Guest Speaker: Songwut Apirakkhit, Executive Head of the Next-Generation Automotive Sector, Eastern Economic Corridor 16:25-16:45 Selection of Investment and Factory Construction Models in Southeast Asia: Analysis of the Pros and Cons of Joint Ventures and Wholly-owned Enterprises Lin Weien, Deputy General Manager and Director, Tailong United Automobile Co., Ltd. Lin Kuixian, Founder of Jiahu Group and CEO of Sdn Bhd NexV Zhao Bin, President, Thai-Chinese Rayong Industrial Zone Development Co., Ltd. 16:45-17:30 June 17 Main Conference Speech Topic: Rizhao Steel's ESP Automotive Steel Supports Green and Efficient Development of the Automotive Industry Guest Speaker: Zheng Xutao, Deputy Director of the Technical Quality Department and Director of the Technology Center, Rizhao Steel Holding Group Co., Ltd. 09:00-09:20 How Can the Local Supply Chain in Southeast Asia Serve the European and US Markets? Tuan Vi, Vice President of Supply Chain and Logistics, Asia-Pacific Region, Schaeffler Vietnam Xu Xinyang, Assistant General Manager, IKD Co., Ltd. Sridhar Ramakrishna, Director of Applications and Engineering, Tenneco 09:20-10:05 Possibility of Linkage of Battery Cell Chemical Materials in Southeast Asia Logan Lu, CEO, SMM Tony, General Manager, Sunwoda Automotive Energy Technology (Thailand) Co., Ltd. Liu Rui, Chairman, Innoway (Malaysia) New Material Technology Co., Ltd. Kim Chang-seok, Sales Director for Japan, South Korea, and Southeast Asia Region, Electrolyte Business Division, Guangzhou Tinci Materials Technology Co., Ltd. Yang Shuzhan, Deputy General Manager of BTR New Material Group Co., Ltd., Chairman of BTR Indonesia 10:30-11:15 Automaker Demand Matchmaking Meeting 14:00-17:30 》Click to View the Special Report on the 2025 SMM Southeast Asia (Thailand) Automotive Supply Chain Conference

[SMM Weekly Review: Polysilicon Prices Continue to Fall, with Downward Expectations for Solar Cell Prices] This week, the price index of N-type polysilicon was 35.11 yuan/kg, N-type recharging polysilicon was priced at 35-37 yuan/kg, and N-type mixed polysilicon was priced at 31-35 yuan/kg. Polysilicon prices continued to decline, and polysilicon manufacturers may have certain plans to increase production in the future. Wafer prices weakened, and wafer companies' enthusiasm for polysilicon procurement decreased. Crystal pulling plants had a more pronounced mindset of driving down prices, and bearish sentiment still existed in the market. Some market participants believed that prices might hit bottom in July-August.

[EVA Update] This week, the price of PV-grade EVA ranged from 10,000 to 10,400 yuan/mt. The prices of foaming-grade and cable-grade EVA remained stable at low levels. Encapsulant film enterprises purchased based on immediate needs. Some petrochemical plants on the supply side are expected to undergo maintenance and switch production. Overall supply is tight. However, the production schedule of modules on the demand side has declined, with demand falling short of expectations. The market as a whole presents a pattern of weak supply and demand, and the price of PV-grade EVA remains stable at a weak level.

[SMM Weekly Review: Film Enterprises Procured Based on Rigid Demand, EVA Prices Remained Weak and Stable] This week, the price of PV-grade EVA was 10,000-10,400 yuan/mt, the mainstream price range of EVA film was 12,300-12,500 yuan/mt, and the price range of EPE film was 13,900-14,000 yuan/mt.

[SMM Weekly Review: Cell Prices Continue to Decline, Polysilicon Prices Remain Stable for Now] This week, the price index for N-type polysilicon was 35.21 yuan/kg. N-type recharging polysilicon was priced at 35-38 yuan/kg, while N-type mixed polysilicon was priced at 31-36 yuan/kg. Overall, polysilicon prices were largely stable. Multiple transactions of polysilicon were recorded before the holiday, with small factories closing deals at 32 yuan/kg and some high-quality mixed polysilicon from large factories closing at 35 yuan/kg. The most-traded contracts of enterprises maintained a quoted price of 36-37 yuan/kg for dense recharging polysilicon. Market transactions were weak after the holiday. A domestic base resumed production this week, attracting market attention. Prices remained stable for now, with the market closely monitoring subsequent supply conditions and the latest wafer transaction status.

[SMM Weekly Review: EVA Prices Continue to Pull Back, New Film Orders in June See Price Decline] This week, the price of PV-grade EVA was 10,000-10,400 yuan/mt, the mainstream price range of EVA film was 12,300-12,500 yuan/mt, and the price range of EPE film was 13,900-14,000 yuan/mt.