This week, the upstream prices of photovoltaics continue to fall significantly.

This week, the price of polycrystalline silicon continues to decline, market panic/bearish sentiment remains, and downstream prices have not yet stopped falling. Some top polycrystalline silicon manufacturers have also reduced prices for shipments, and sentiment remains weak. In April, some manufacturers announced maintenance news and changes in futures trading rules, coupled with cost considerations, which may provide some support for prices at low levels. This week, cell prices continue to decline, and currently, cell manufacturers are mostly bearish, mainly due to upstream price increases and expectations of downstream orders. Currently, some manufacturers believe that there is still some downside potential in the market and there may be a possibility of further production cuts. This week, domestic component prices have temporarily remained stable, with top manufacturers not adjusting their prices this week. However, with the closing of the export tax rebate cancellation window, domestic component companies have seen a sharp decline in orders, coupled with recent cost loosening due to the decline in cell prices, the expectation is for further weakening of component prices in the future.