Core Insights - The photovoltaic (PV) industry is currently facing significant challenges, including price competition and quality issues, leading to a call for regulatory intervention to stabilize the market [1][3][4] Industry Overview - The PV industry has experienced a continuous decline in prices over the past two years, reaching a cyclical low, with downstream components facing widespread losses starting from Q4 2023 [3][4] - By June 2025, the price of silicon materials fell below 40,000 yuan per ton, which is below the cash costs of many manufacturers, leading to increased losses [3][5] Regulatory Actions - A series of meetings and regulations have been initiated by various government bodies to combat low-price competition and improve product quality, including the release of a draft management method for the PV manufacturing industry [4][8] - The government aims to strengthen industry self-regulation, promote fair competition, and enhance technological innovation while maintaining quality standards [8][10] Market Dynamics - The "反内卷" (anti-involution) movement has begun, focusing on reducing excessive competition in the silicon material sector, which has seen price increases, while downstream prices remain stagnant due to insufficient demand [5][7] - The market has shown signs of recovery, with rising prices in the silicon material market, although downstream components have yet to reflect these changes due to ongoing demand issues [5][7] Quality Concerns - The quality of PV components has significantly declined, with a reported qualification rate of only 69.4% in 2024, down from 93-94% in previous years, raising concerns about power misrepresentation and inadequate testing standards [10][11] - Companies are urged to prioritize quality over cost-cutting measures, as maintaining quality is essential for the long-term sustainability of the industry [11]
“这次打到七寸了?”光伏行业再开“反内卷”会议,硅料、组件价格走向何方?