August 5, 2026
LME Metal Prices Mostly Higher vs. Previous Close: Today, Copper +1.53% to $6.43/lb; aluminum -0.08% to $1.59/lb; nickel -2.13% to $8.80/lb; zinc +1.16% to $1.69/lb; lead +2.12% to $1.05/lb; gold +1.85% to $4,153/oz; silver +3.00%…
August 5, 2026
Polysilicon Futures Spot Contract Price (CNY$35,480/ton = $5.05/kg) – up 8.6% w/w Note: Adjusted for CNY exchange rate and 13% VAT.Source: Guangzhou Futures exchange. Solar Pricing Metrics – 8/5/2026 Note: EnergyTrend discontinued slurry saw price…
July 30, 2026
The Fed held yesterday while three members dissented for a hike — and the Chair spent his press conference explaining why he didn’t need one: the bond market’s intermeeting selloff, among the largest in two…
July 29, 2026
Polysilicon Futures Spot Contract Price (CNY$32,680/ton = $4.64/kg) – down 4.6% w/w Note: Adjusted for CNY exchange rate and 13% VAT.Source: Guangzhou Futures exchange. Solar Pricing Metrics – 7/29/2026 Note: EnergyTrend discontinued slurry saw price…
July 22, 2026
KEY TAKEAWAYS The May 2026 California Solar Initiative (“CSI”) file landed this week, and the headline is ugly enough that the temptation will be to write the obituary. Resist it — for now. Total CA…
July 22, 2026
Polysilicon Futures Spot Contract Price (CNY$34,250/ton = $4.85/kg) – down 2.6% w/w Note: Adjusted for CNY exchange rate and 13% VAT.Source: Guangzhou Futures exchange. Solar Pricing Metrics – 7/22/2026 Note: EnergyTrend discontinued slurry saw price…
July 21, 2026
Bottom Line This morning we hosted Jigar Shah — former head of the U.S. Department of Energy’s Loan Programs Office and founder/former CEO of SunEdison — for roughly 45 minutes on the state of U.S….
July 20, 2026
A European solar market update and a fireside chat with the head of EU sales for Huawei — battery-price deflation is the bull case, the bear case, and the 2Q26 earnings setup. BOTTOM LINE Europe’s…
July 16, 2026
De-risking the AI trade: the earnings are borrowed, the pricing is collapsing, and the forward curve already knows THE SHORT VERSION We have years learning one lesson over and over: when reported earnings and economic…
July 15, 2026
Polysilicon Futures Spot Contract Price (CNY$35,160/ton = $4.99/kg) – down 0.9% w/w Note: Adjusted for CNY exchange rate and 13% VAT.Source: Guangzhou Futures exchange. Solar Pricing Metrics – 7/15/2026 Note: EnergyTrend discontinued slurry saw price…
July 10, 2026
China May installs -91% y/y; Prices Below Cash Cost Across the Chain; Reiterate SELL on JinkoSolar (-39.3% YTD), Canadian Solar (-36.9% YTD) & Daqo New Energy (-58.4% YTD) The Bottom Line. There are slowdowns, and…
July 8, 2026
Q&A with Majestic Steel | Corroborated against SMU, Mysteel & CRU-settled market data The Bottom Line. We went back to the channel. After twenty-two consecutive weekly Nucor HRC price hikes — not a typo (Ex….
July 7, 2026
T-bill settlement days have quietly cost the S&P 500 its entire year. The drain resumes this week. The Bottom Line On the 41 days since late October when the Treasury settled more bills than it…
July 7, 2026
LME Metal Prices Mostly Higher vs. Previous Close: Today, Copper -0.03% to $6.06/lb; aluminum +0.34% to $1.53/lb; nickel +0.16% to $8.54/lb; zinc +0.97% to $1.65/lb; lead -0.18% to $1.06/lb; gold +0.07% to $4,168/oz; silver -1.07%…
July 1, 2026
Please see bottom of report for important disclosures Gordon L. Johnson/GLJ Research LLC ————————————————– Polysilicon Futures Spot Contract Price (CNY$35,820/ton = $5.07/kg) – down 1.8% w/w Note: Adjusted for CNY exchange rate and 13% VAT….