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  The low price of silicon metal has weakened the cost support for DMC, and there is a strong sentiment for competitive bidding and shipping in the market [SMM Silicone Weekly Review]

  [SMM Silicone Weekly Review: Low Silicon Metal Prices Weaken DMC Cost Support, Strong Sentiment for Competitive Pricing and Shipments] This week, domestic DMC prices were quoted at 10,200-10,800 yuan/mt, with the average price dropping significantly WoW. In Shandong, monomer enterprises quoted DMC prices at 10,200 yuan/mt this week, a decrease of 800 yuan/mt WoW. Other domestic monomer enterprises quoted DMC prices at 10,400-10,800 yuan/mt this week. Due to the rapid weakening of cost support in the early stage combined with sluggish demand during the off-season, DMC enterprises began to lower prices and ship products this week, repeatedly reducing prices to near the cost line. Recently, some downstream enterprises have started to enter the market for procurement, and trading volume has recovered somewhat compared to the early stage. It is expected that DMC prices will continue to fluctuate at lows supported by costs in the subsequent period.

• Polysilicon production is expected to increase to a certain extent, with major PV module manufacturers refusing to budge on prices [SMM Weekly Review]

  [SMM Weekly Review: Polysilicon Production Expected to Increase, Major PV Module Manufacturers Refuse to Budge on Prices] This week, the price index of N-type polysilicon was 34 yuan/kg, with N-type recharging polysilicon priced at 33-36 yuan/kg. Polysilicon prices continued to decline, with mainstream prices of mixed polysilicon dropping to around 33 yuan/kg. Influenced by polysilicon market conditions and their own costs, silicon ingot enterprises still maintained a mindset of driving down prices. Meanwhile, the inventory issues of polysilicon enterprises persisted, and two new production/resumption bases may be added in early July. Currently, the market perceives a high probability of an increase in subsequent polysilicon supply. The market will continue to monitor the production resumption situation in Inner Mongolia.

• Rare earth scrap prices slightly weakened, with reduced market circulation [SMM Weekly Review of Recycled Rare Earths]

  [SMM Weekly Review of Recycled Rare Earths: Rare Earth Scrap Prices Show a Slightly Weak Trend with Reduced Market Circulation] This week, the scrap market prices showed a trend of dropping slightly. The main reason was the downward adjustment of oxide market prices, which led recycling enterprises to correspondingly lower their scrap quotes. Meanwhile, due to the weakening scrap prices, the willingness to sell of magnetic material enterprises was not high, resulting in a reduction in the circulation of scrap in the market.

• Rare earth prices fluctuate rangebound, market activity declines [SMM Rare Earth Weekly Review]

  [SMM Rare Earth Weekly Review: Rare Earth Prices Fluctuate Rangebound, Market Activity Declines] Recently, the overall price fluctuation range of light rare earths has been relatively small. The price of Pr-Nd oxide has mainly fluctuated rangebound. Suppliers have maintained firm quotes amid relatively high raw material prices, and factories have shown low willingness to sell at low prices. For medium-heavy rare earths, due to the impact of export controls, the demand for medium-heavy rare earth oxides has significantly decreased recently. The market trading atmosphere has been sluggish, and the prices of dysprosium oxide and terbium oxide have been in the doldrums overall.

• A PV Module Procurement Project of a State-Owned Enterprise in Hunan Was Cancelled for the Second Time

  On June 17, Hunan Chendian New Energy Development Co., Ltd. issued a notice of bid cancellation for the first batch of PV module procurement in 2025. Due to the fact that there were fewer than three qualified bidders during the bid evaluation, the project was canceled in accordance with relevant legal provisions.