太阳能行业周报：多晶硅期货合约上市交易在即，N型硅片价格小幅上涨

Investment Rating - The report maintains a "Market Perform" rating for the solar industry, indicating expected performance in line with the market [1][9]. Core Insights - The solar industry is projected to see new installed capacity in China ranging from 230 to 260 GW in 2024, with upstream prices showing signs of easing [1]. - Major companies in the solar sector are refraining from engaging in price wars, maintaining rational pricing despite a generally weak market demand [2]. - The upcoming launch of polysilicon futures contracts on December 26, 2024, is expected to influence market dynamics [3]. Summary by Sections Installed Capacity and Production - From January to October 2024, China's photovoltaic manufacturing industry produced approximately 453 GW of components, with a significant increase in polysilicon production by 39% year-on-year, totaling around 1.58 million tons [1]. Pricing Trends - Polysilicon prices remain stable, with dense material averaging 39.0 CNY/kg and granular silicon at 36.0 CNY/kg [2]. - The average price for 150um 182mm monocrystalline silicon wafers is 1.15 CNY/piece, while 130um 183mm N-type wafers increased by 1.9% to 1.05 CNY/piece [7]. - The average price for M10 solar cells is 0.275 CNY/W, with 210mm cells at 0.280 CNY/W, both remaining stable [7]. Investment Recommendations - The report recommends focusing on companies like Aiko Solar and Longi Green Energy for new technology directions, and on companies like Flat Glass for the photovoltaic glass segment [9]. - Other companies to watch include GCL-Poly Energy, Tongwei Co., and Trina Solar among others [9].