Chinese PV Industry Brief: Polysilicon prices remain stable

The Silicon Industry Branch of the China Nonferrous Metals Industry Association (CNMIA) reported on May 27 that polysilicon prices remained stable week on week. N-type recharging polysilicon traded at CNY 34,000–36,000/ton ($4,730–$5,010/ton), with an average of CNY 35,300/ton ($4,910/ton). N-type granular silicon also traded at CNY 34,000–36,000/ton, averaging CNY 34,300/ton ($4,770/ton). The association said market activity weakened compared with the previous two weeks, with only three to four producers concluding transactions and new orders declining. Market sentiment shifted from cautious optimism to a wait-and-see stance. On May 28, the association reported stable wafer prices across all major formats. Average transaction prices remained at CNY 0.93/piece ($0.13/piece) for N-type G10L wafers (182 mm × 183.75 mm, 130 μm), CNY 1.00/piece ($0.14/piece) for N-type G12R wafers (182 mm × 210 mm, 130 μm), and CNY 1.17/piece ($0.16/piece) for N-type G12 wafers (210 mm × 210 mm, 130 μm). According to the association, both upstream and downstream players largely remained on the sidelines. Suppliers have largely stopped cutting prices, while procurement demand remains weak as end-market installations have yet to recover.

China’s National Energy Administration (NEA) released electricity industry statistics for the first four months of 2026 on May 25. The data show newly installed solar capacity reached 9.52 GW in April, down 78.95% year on year. By the end of April, China’s total installed power generation capacity had reached 3.99 TW, up 14.2% year on year. Solar capacity totaled 1.25 TW, up 26.2%, while wind capacity reached 660.6 GW, an increase of 22.0%.

On May 27, the Hong Kong Stock Exchange disclosed that inverter manufacturer Aiswei Technology Co. Ltd. had filed for a main-board listing. China Securities Co. International and ICBC International are acting as joint sponsors. According to the prospectus, cumulative shipments exceeded 70 GW and 3.5 million units as of Dec. 31, 2025, with products deployed in more than 100 countries and regions.

JinkoSolar reported updated proceeds from the sale of its 100% stake in Xinjiang Shibang Solar. The company said it received CNY 126 million ($17.5 million), including a second installment of CNY 100 million and CNY 26 million in capital occupancy interest. JinkoSolar said the payment is expected to increase its 2026 pre-tax profit by around CNY 56 million ($7.8 million). The transaction began in 2023 with a total consideration of CNY 4.3 billion ($598 million), although part of the second-stage payment remains outstanding.

TrinaTracker’s robotics unit, Trina Robotics, has entered a strategic partnership with Portugal-based ESI Robotics. The company said it has evolved into a full PV value-service provider and highlighted its self-developed Buildex installation robot series, which it claims doubles installation efficiency while improving site adaptability. Trina described the agreement as a milestone in the global expansion of its PV automation business.