Industry Overview - The polysilicon industry is undergoing a significant adjustment phase, with government ministries and associations actively intervening through measures such as "anti-involution" actions and capacity mergers [1] - The price of silicon materials has risen for three consecutive weeks, leading to a collective increase in silicon wafer prices, with the average transaction price of N-type G10L monocrystalline silicon wafers rising by 22.09% month-on-month [1] - Component prices have also seen a slight increase, with the average price of distributed projects rising by 2.92% [1] - The rising prices along the supply chain are expected to transmit downstream [1] Market Forecast - Global photovoltaic installations are expected to reach approximately 580 GW by 2025, with polysilicon demand estimated at around 1.4 million tons and domestic production expected to be about 1.35 million tons, indicating a gradual improvement in supply-demand dynamics [1] Investment Opportunities - The Carbon Neutrality 50 ETF (159861) tracks the Environmental 50 Index (930614), which is compiled by China Securities Index Co., Ltd. This index selects listed companies involved in clean energy, environmental engineering, and resource recycling from the A-share market, reflecting the overall performance of securities related to the environmental industry [1] - The index covers multiple sub-sectors of the environmental industry, providing good industry representation and investment reference value [1] - Investors without stock accounts may consider the Guotai CSI Environmental Industry 50 ETF Connect C (012504) and Guotai CSI Environmental Industry 50 ETF Connect A (012503) [1]