[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.

[SMM Silicon-Based PV Morning Meeting Summary: Module Prices Have Softened Somewhat, While Polysilicon Prices Remain Temporarily Stable] Recently, transaction prices for modules in China have softened somewhat. As demand outside China declines and domestic projects are at the point of being about to start, module enterprises have shown differing attitudes in their quotations. Some enterprises have begun offering concessions in advance to take orders, and distributors have also recently started shipments at low prices, thereby leading to a decline in the market transaction price center. At present, quoted prices for distributed Topcon183, 210R, and 210N high-efficiency modules are 0.752 Yuan/W, 0.767 Yuan/W, and 0.77 Yuan/W, respectively, while quoted prices for centralized Topcon182/183 and 210N high-efficiency modules are 0.727 Yuan/W and 0747 Yuan/W, respectively.

MIIT and Five Other Departments: Support Cooperation Between Producers of PV Module Parts Such as PV Glass and Crystalline Silicon Materials and Enterprises Engaged in the Comprehensive Utilization of Recyclable ResourcesThe Ministry of Industry and Information Technology and five other departments issued the Guiding Opinions on Promoting the Comprehensive Utilization of PV Modules, which proposed increasing the proportion of recycled materials used.

In recent years, the PV industry has entered a period of deep adjustment, with module prices continuing to decline, and both upstream and downstream segments of the industry chain facing severe profit compression. Driven by the imperative of "extreme cost reduction," PV glass, a key auxiliary material for PV modules, has imposed increasingly stringent requirements on the cost and quality of upstream raw materials.

Germany-based solar tracker developer Sunoyster Systems has developed a 440 W lightweight solar panel with a tempered glass cover for low-load commercial and industrial roofs.

[PV Glass Price Range Narrows] According to SMM, the price range of the PV glass market began to narrow this week. The low prices of glass remained stable due to support from the cost side, but the high prices slightly loosened downward due to the influence of high inventory levels at glass enterprises. As of now, the price of SMM 2.0mm single-layer coated glass is 11.2-11.6 yuan/m².

According to SMM, the new glass order quotations in April increased by approximately 0.5 yuan/m². However, as of now, the top-tier enterprises in the component sector have not yet fully finalized the prices for new orders. Due to the recent decline in component prices, these top-tier enterprises are resistant to the increase in glass prices, suppressing and negotiating with multiple suppliers. It is expected that the upstream and downstream enterprises will remain in a stalemate in the near future, with the transaction center likely to decrease.

[Strong sentiment in price negotiation for new glass orders] According to SMM, the atmosphere of price negotiation between upstream and downstream glass enterprises was relatively strong today. With the decline in production schedules for modules, glass prices were under significant pressure this month, and it is expected that prices will continue to fall in the future.

[SMM Analysis: Comprehensive Increase in Glass Quotations, Single Increase Reaches 2 Yuan/m²!] In February, the new quotations for glass are as follows: 2.0mm single-layer coating (13-14 yuan/m²); 2.0mm double-layer coating (14-15 yuan/m²); 3.2mm single-layer coating (21-23 yuan/m²); 3.2mm double-layer coating (22-24 yuan/m²); 2.0mm back glass (11-12 yuan/m²). At the end of February, domestic glass companies recently began quoting new prices for March orders. Taking 2.0mm coated glass as an example, the center of this quotation increased by 2 yuan/m² WoW, with the increase comparable to the same period last year. Currently, module companies have not yet signed transactions. Under the influence of cost pressure, negotiations are expected to dominate this week.

[SMM Analysis: Inventory Pressure Intensifies, Glass Prices Expected to Fall Further in September] As of now in August, the new order prices for glass are as follows: 2.0mm single-layer coated glass (RMB 13.0-14.5/sqm); 2.0mm double-layer coated glass (RMB 14.0-15.5/sqm); 3.2mm single-layer coated glass (RMB 22.0-23.5/sqm); 3.2mm double-layer coated glass (RMB 23.0-24.5/sqm). At the end of August, domestic photovoltaic glass prices stabilized temporarily, but the glass industry is currently under significant inventory pressure, and glass prices are expected to decline further in September.