According to SMM, N-type polysilicon (recharge-grade) prices stayed at 34–36 yuan/kg over the weekend, with spot prices broadly stable. Market sentiment improved slightly as prices approached lows and industry meetings increased, leading to higher contract signings.

China left benchmark lending rates unchanged for an 11th month as policymakers assess Middle East war risks against resilient domestic growth and easing deflation. The People’s Bank of China kept the one-year LPR at 3.0% and five-year at 3.5%. Q1 GDP grew 5%, up from 4.5%, near the top of the annual 4.5%–5% target. Factory-gate prices rose 0.5% in March, while CPI peaked at 1.3% in February before easing to 1%. Strong growth and rising inflation reduce pressure for stimulus, supporting a wait-and-see stance.

伊朗外交部發言人巴加埃20日說，從伊朗移除濃縮鈾從來都不是談判選項，伊朗方面堅定將核成果留在伊朗境內。