Chinese PV Industry Brief: Polysilicon prices decline for third consecutive week

The Silicon Industry Branch of the China Nonferrous Metals Industry Association (CNMIA) reported on June 18 that polysilicon prices fell for a third consecutive week. N-type recharging polysilicon traded at CNY 32,000–34,000 ($4,402–$4,677) per metric ton, averaging CNY 33,400 ($4,594), down 1.47% week-on-week. N-type granular silicon traded at CNY 32,000–33,500 ($4,402–$4,608) per metric ton, averaging CNY 33,000 ($4,539), down 1.49%. The association attributed the decline to continued inventory pressure and the restart and ramp-up of output by some producers in June, which have reinforced expectations of rising supply and prompted some polysilicon manufacturers to cut prices to reduce stock levels.

On June 14, PV production equipment provider Laplace said it plans to raise up to CNY 2.2 billion ($303 million) through a private placement. The proceeds will fund high-end PV and semiconductor equipment R&D, the second phase of its Wuxi high-end PV equipment manufacturing base, digital and intelligent upgrades, and working capital. The company plans to allocate CNY 1.25 billion ($172 million) to R&D, CNY 135 million ($18.6 million) to the Wuxi expansion, CNY 156 million ($21.5 million) to digitalisation, and CNY 660 million ($90.8 million) to working capital.

On June 16, Growatt submitted a main board listing application to the Hong Kong Stock Exchange, with Huatai International as sponsor. This is Growatt’s third attempt at a Hong Kong IPO, following earlier filings on June 24, 2022, and March 20, 2023, both of which lapsed. As of June 19, 2026, the company had not disclosed its target fundraising size. It said proceeds would be used for global sales channels and localisation, core technology R&D and product upgrades, capacity expansion, supply chain improvements, and working capital.

Envision Energy announced its “Mission Gobi” plan at VivaTech on June 17, targeting the development of 5 GW of green AI computing centres in desert and Gobi regions worldwide by 2030. The company said its AI power system has already been deployed at scale in China. In Chifeng, Inner Mongolia, Envision has commissioned what it describes as the world’s first large-scale “computing-power synergy” system, based on a 2 GW, 100% renewable energy supply architecture designed to coordinate wind, solar, storage, hydrogen and computing loads in real time.