This week’s price survey covers major players including LONGi, TCL Zhonghuan, JA Solar, JinkoSolar, Trina Solar, HY Solar, GokinSolar and others. Mainstream cell transaction prices stand at RMB0.25–0.26/W, down 1.92% month-on-month, while standard module prices are at RMB0.67–0.68/W, a 1.46% monthly drop. Multiple bearish headwinds weigh on wafer marketThe Silicon Industry Branch attributes the sustained wafer price slide to a fundamental supply-demand imbalance, with no visible signs of industry recovery. To ease capital and inventory strains, second- and third-tier suppliers slash spot offers voluntarily, dragging down average transaction prices and pulling prices across all categories lower in tandem. Without widespread, coordinated production cuts that meaningfully tighten supply, wafer prices will stay stuck in a prolonged soft patch.