Chinese PV Industry Brief: Polysilicon prices continue to edge lower

The Silicon Industry Branch of the China Nonferrous Metals Industry Association (CNMIA) said on June 24 that polysilicon prices continued to edge lower. N-type refeeding polysilicon traded at CNY 31,000 to CNY 34,000/ton ($4,559 to $5,000/ton), with an average price of CNY 33,200/ton ($4,882/ton), down 0.02% from the previous week. N-type granular silicon traded at CNY 32,000 to CNY 33,000/ton ($4,706 to $4,853/ton), with an average of CNY 32,500/ton ($4,779/ton), down 0.05% week on week. On June 25, the association reported stable wafer prices. N-type G10L wafers (182 mm × 183.75 mm, 130 μm) averaged CNY 0.90/piece ($0.13/piece), while N-type G12R wafers (182 mm × 210 mm, 130 μm) averaged CNY 0.99/piece ($0.15/piece). N-type G12 wafers (210 mm × 210 mm, 130 μm) averaged CNY 1.17/piece ($0.17/piece). All prices were unchanged from the previous week.

China’s National Energy Administration (NEA) said on June 25 that the country added 8.68 GW of solar capacity in May, down 90.66% from the same month a year earlier. New installations reached 59.59 GW in the first five months of 2026, bringing cumulative installed solar capacity to 1.26 TW.

Chint Electric said on June 24 that it plans to acquire a 3.16% stake in its controlled subsidiary, Chint Anneng, through a public bidding process on the Shanghai United Assets and Equity Exchange. The stake is currently held by Green Fund and has a starting bid price of CNY 1.116 billion ($164 million). If the transaction is completed, Chint Electric’s direct and indirect ownership of Chint Anneng will increase from 68.08% to 71.24%, while Chint Anneng will remain a consolidated subsidiary.

China Resources Power on June 23 launched a tender for the centralized procurement of 5.4 GW of PV modules in 2026. The tender comprises three packages. Package 1 covers 3 GW of N-type TOPCon bifacial double-glass monocrystalline modules measuring 2,382 mm × 1,134 mm × 30 mm, with a minimum power output of 620 W. Package 2 covers 2 GW of N-type TOPCon bifacial double-glass modules measuring 2,384 mm × 1,303 mm × 33 mm, with a minimum power output of 710 W. Package 3 covers 400 MW of N-type bifacial double-glass modules measuring 2,384 mm × 1,303 mm × 35 mm, with a minimum output of 725 W. Bids are scheduled to open on July 14, 2026.