On February 3, the list of successful bidders for China National Coal Group's centralized procurement project of photovoltaic modules (N-type TOPCon) for the year 2026 was announced. The selected suppliers (in no particular order) are Trina Solar Co., Ltd., JA Solar Technology Co., Ltd., Jinko Solar Co., Ltd., Tongwei Co., Ltd., Chint New Energy Co., Ltd., and Yingli Energy Development Co., Ltd.
PriceSeek Analysis: Polysilicon, Bull-Bear Score: +1.5
The announcement of the successful bidders for China National Coal Group's 2026 centralized procurement project of photovoltaic modules (N-type TOPCon), involving major suppliers such as Trina Solar and JA Solar, indicates strong demand in the photovoltaic industry. This will directly increase the demand for polysilicon, driving up spot prices and benefiting the spot market.
At the same time, based on polysilicon futures data, such as the closing price of the 2605 contract at 50,000 yuan/ton (up 2,210 yuan) and the closing price of the 2612 contract at 51,200 yuan/ton (up 3,180 yuan), recent futures prices have shown an upward trend. This procurement event further reinforces expectations of demand growth, potentially supporting or pushing futures prices higher. Therefore, the score is +1.5 (moderately significant positive).
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