国泰海通｜新能源：产业链价格持稳，供需情况有望修复

Core Viewpoint - The photovoltaic industry chain prices are stabilizing, with a slight increase in polysilicon prices, indicating a gradual escape from the vicious cycle of low-price competition, which warrants ongoing attention [1][2]. Price Stability and Production Adjustments - The overall price of the industry chain remains stable, with polysilicon prices experiencing a slight increase. As of August 13, 2023, some companies have raised prices by 1 yuan per kilogram, while others maintained their prices [2][3]. - In July, polysilicon prices reached the cost line, leading to a significant increase in order volumes for leading companies, with some even clearing their inventories. To alleviate supply and demand pressure, some polysilicon manufacturers are planning coordinated production cuts, which, if implemented, could stabilize output in September [2]. - The component production in July was approximately 52.4 GW, slightly down from 53 GW in June, with expectations for August production to remain stable between 52-53 GW. The Chinese market continues to see demand for both distributed and centralized projects [3]. Regulatory Developments - The China Photovoltaic Industry Association has solicited opinions on the draft amendment to the Price Law, aiming to reflect the demands of the photovoltaic industry. This revision is expected to promote rational competition within the industry and provide legal backing for selling at or above the minimum cost price [3].