Core Viewpoint - The price of silicon wafers continues to decline due to weak terminal demand, ample supply, and high inventory levels, leading to a bearish market sentiment [2] Group 1: Silicon Wafer Prices - The average transaction price for N-type G10L monocrystalline silicon wafers is 0.95 yuan/piece, down 5.94% week-on-week [1] - The average transaction price for N-type G12R monocrystalline silicon wafers is 1.10 yuan/piece, down 1.79% week-on-week [1] - The average transaction price for N-type G12 monocrystalline silicon wafers is 1.30 yuan/piece, down 3.70% week-on-week [1] Group 2: Market Conditions - The overall industry operating rate has slightly decreased to around 55%, with leading companies operating at 55% and 56%, and integrated companies operating between 58% and 80% [2] - The latest production plan indicates a 2% month-on-month reduction in silicon wafer output for May [2] - Downstream battery and module prices have slightly decreased, with module prices at 0.66-0.67 yuan/W, down 0.01 yuan/W, and battery prices at 0.26-0.27 yuan/W, also down 0.01 yuan/W [2] Group 3: Future Outlook - Despite the continuous decline in battery prices and weak terminal demand putting pressure on silicon wafer prices, the current low operating rates suggest limited downward price potential as spot prices are below the production costs for most companies [2]

Core Viewpoint - The photovoltaic market experienced a surge in demand due to policy incentives, leading to significant price increases in components, batteries, and silicon wafers. However, following the end of the installation rush, demand has sharply declined, resulting in a substantial drop in prices across all segments [1][2]. Group 1: Market Dynamics - In Q1 2025, the photovoltaic market was stimulated by policies "430" and "531," resulting in a booming market where companies accelerated project progress and prices for components, batteries, and silicon wafers rose significantly. For instance, the average transaction price for N-type G10L monocrystalline silicon wafers reached 1.28 yuan per piece, with increases of 16.36% from the beginning of the year [1]. - By early April, battery prices reached 0.32 yuan/W and component prices were at 0.78 yuan/W, reflecting increases of 14.29% and 14.71% respectively compared to the start of the year [1]. Group 2: Price Decline and Future Outlook - After the installation rush ended, terminal demand rapidly decreased, leading to a significant drop in prices. Post-May Day, the average transaction price for N-type G10L dropped to 1.01 yuan per piece, with similar declines for other silicon wafer types [2]. - The decline in silicon wafer prices is attributed to reduced downstream orders and strong buyer resistance to high prices. Component prices fell below 0.7 yuan/W and battery prices dropped below 0.3 yuan/W, indicating that prices have returned to or fallen below early-year levels [2]. - Looking ahead, while short-term demand remains weak, there is potential for price stabilization as current silicon wafer prices approach the cost levels for many companies. Seasonal demand in the photovoltaic industry, particularly in Q3, may provide a turning point for the market, suggesting a potential recovery in silicon wafer prices in the medium to long term [2].

Group 1 - The core viewpoint of the articles indicates that silicon wafer prices continue to decline due to weak terminal demand and ample supply, leading to a bearish market sentiment [1][2] - The average transaction prices for N-type silicon wafers have decreased, with G10L at 0.95 yuan/piece (down 5.94% week-on-week), G12R at 1.10 yuan/piece (down 1.79%), and G12 at 1.30 yuan/piece (down 3.70%) [1] - The overall industry operating rate has slightly decreased to around 55%, with major integrated companies operating between 58% and 80% [1] Group 2 - Downstream battery and module prices have also seen a slight decline, with module prices at 0.66-0.67 yuan/W (down 0.01 yuan/W) and battery prices at 0.26-0.27 yuan/W (down 0.01 yuan/W) [2] - Despite the ongoing price pressure on silicon wafers due to declining battery prices and weak terminal demand, the future price drop potential is limited as current spot prices are below the production costs for most companies [2]

《期货日报》创刊于1994年9月，是唯一一家全面反映国内外期货市场发展动态的专业日报，是中国期 货市场权威的新闻中心和信息载体，肩负着维护和促进整个行业健康发展的重要使命。多年来，《期货 日报》与中国期货市场风雨同舟，形成了密不可分的关系。 在供过于求的市场格局下，工业硅价格一路走低，众多硅企面临着巨大的经营压力。为了打破困 局，硅企纷纷选择减产，期望凭借自身的努力，谋求可持续的发展之路。从行业的角度来看，当前 的"低谷"是市场发展的必经之路。这一阶段，不仅是工业硅行业产能出清与供需博弈并存的关键 期，更是我国新材料产业迈向高质量发展的重要转折点。 硅企盼联合减产 破解周期困境 "现在工业硅的价格这么低，大家的日子都不好过。前段时间四川部分硅厂选择开工，但受价格持 续低迷影响，开了半个月后又停工了。"四川省铁合金（工业硅）工业协会秘书长张勇感慨道，"随 着工业硅价格持续探底，四川硅厂都在思考该怎么度过这段困难时期。"据张勇介绍，四川硅厂处 在偏远地区、小水电丰富地区，如果长期停工，对当地居民收入影响比较大。往年这个时候，四川 硅厂的开工率在40%~50%，今年开工率降了，仅有20%。 受供需失衡影响，2025 ...

1、若羌县二期10万吨/年工业硅合规产能项目 5月7日，新疆维吾尔自治区工业和信息化厅发布了关于新疆特变电工楼兰新材料技术有限公司 若羌县二期10万吨/年工业硅合规产能的公告。 据悉，新疆特变电工楼兰新材料技术有限公司与阿勒泰福中科技发展有限公司均属新疆天池能 源有限公司全资子公司。经新疆天池能源有限公司申请，自治区工业硅合规产能认定会商机制成员 单位同意将阿勒泰福中科技发展有限公司放弃建设的福海县10万吨/年工业硅指标转至新疆特变电 工楼兰新材料技术有限公司，用于建设若羌县二期10万吨/年工业硅项目。 建设单位：内蒙古兴发科技有限公司 项目投资：14.95亿元 建设规模：项目一期用地面积：241867平方米，建筑面积101999.65平方米，计容面积 151347.35平方米，建设10万吨/年工业硅项目。 3、 弘元绿能：拟以12.45亿元转让内蒙古鑫元27.0737%股权 5月7日，弘元绿能发布公告称，公司拟将所持内蒙古鑫元硅材料科技有限公司（以下简称"内 蒙古鑫元"）27.0737%的股权以12.45亿元的价格全部转让给江苏中能硅业科技发展有限公司（以 下简称"江苏中能"）。本次交易完成后，公司将不再持 ...

Group 1 - The core viewpoint of the article indicates that the polysilicon market is experiencing a slight price decline due to high inventory levels and rapid price drops in downstream products [1][2] - The transaction price range for n-type re-investment materials is between 360,000 to 410,000 CNY per ton, with an average transaction price of 386,000 CNY per ton, reflecting a month-on-month decrease of 1.53% [1] - The transaction price range for n-type granular silicon is between 350,000 to 370,000 CNY per ton, with an average price remaining stable at 360,000 CNY per ton [1] - The transaction price range for p-type polysilicon is between 300,000 to 350,000 CNY per ton, with an average price of 313,000 CNY per ton, showing a month-on-month decrease of 3.10% [1] - The current monthly supply and demand balance is precarious, and if downstream operations continue to decline, there may be a risk of inventory accumulation in the polysilicon sector [1] - Downstream companies are cautious in signing large orders due to previous price declines, opting for high-frequency, small-batch purchases which may stabilize polysilicon prices [1] Group 2 - As of this week, two companies have entered maintenance shutdowns, reducing the number of operating companies to 11 [2] - The production of polysilicon in China is reported to be 99,100 tons as of April 2025, reflecting a month-on-month decrease of 6.08% [2] - The market is experiencing frequent shifts in expectations due to a surge in polysilicon news, with actual outcomes dependent on company announcements [2]

Core Viewpoint - The industrial silicon market is experiencing a slight decline in spot prices, with a mixed sentiment in trading and a stable supply-demand dynamic [1][2] Group 1: Price Trends - The main contract price fluctuated between 8315 CNY/ton and 8490 CNY/ton, with a weekly increase of 2.10% [1] - The national average price decreased by 193 CNY/ton to 9276 CNY/ton, with specific grades showing varied declines: 553 grade at 9027 CNY/ton, 441 grade at 9520 CNY/ton, and 421 grade at 9928 CNY/ton [1] - FOB prices remained stable despite the fluctuations in domestic prices [1] Group 2: Supply Dynamics - Southern regions saw a slight increase in operating rates, while northern regions maintained stable operations with minimal reductions from large plants [1] - Overall supply changes were limited, indicating a balanced supply situation [1] Group 3: Demand Factors - There was a slight increase in demand for industrial silicon due to the completion of maintenance at some organic silicon monomer plants [1] - Demand from polysilicon plants remained stable, while aluminum alloy companies continued to purchase industrial silicon as needed [1] - The overall trend indicates a slight increase in demand from the three major downstream sectors [1] Group 4: Market Sentiment - The market atmosphere for industrial silicon transactions was described as subdued, with downstream buyers adopting a cautious approach [1] - Despite a rise in the main contract price, spot prices continued to decline due to insufficient demand momentum and ongoing inventory pressure [2] - Short-term expectations suggest that spot prices will remain in a bottoming-out phase [2]

『 主办单位 : 中 国 有 色 金 属 工 业 协 会 硅 业 分 会 了 ㄴ Hosted by: Silicon Industry of China Nonferrous Metals Industry Association – 回国確心 China Silicon Industry ...

Core Viewpoint - Quartz glass, primarily composed of silicon dioxide, is an essential material in modern strategic emerging industries such as information technology, optics, photovoltaics, semiconductors, and aerospace due to its superior properties like high transparency, high-temperature resistance, low expansion coefficient, strong chemical stability, high purity, and excellent electrical insulation [1]. Industry Chain of Quartz Glass Products - The quartz glass products can be categorized based on application fields, including semiconductor quartz products, photovoltaic solar quartz products, optical fiber quartz products, electric light source quartz products, optical quartz products, and others [2][3]. Semiconductor Sector - The semiconductor sector is the largest application area for quartz products, where high purity and chemical stability of quartz glass make it an indispensable material in semiconductor integrated circuit manufacturing [3][5]. - In the semiconductor industry, quartz products are used in various processes such as single crystal growth, wafer processing, integrated circuit wafer production, and packaging. Key quartz products include quartz crucibles, quartz plates, quartz rings, and quartz diffusion tubes [5][6]. - The demand for quartz glass is expected to grow significantly due to the increasing domestic semiconductor market and the push for domestic substitution in the semiconductor supply chain [6]. Photovoltaic Sector - In photovoltaic manufacturing, quartz products like quartz crucibles are crucial for the production of monocrystalline and polycrystalline silicon. The performance of quartz crucibles directly affects the quality of crystal pulling [8][10]. - The rapid development of the photovoltaic industry has led to a significant increase in demand for high-quality quartz products, particularly in the N-type high-efficiency monocrystalline segment [10]. Optical Fiber Communication Sector - Quartz glass materials are essential in the production of optical fiber preform rods and other supporting materials. Over 95% of the components in optical fiber preform rods are high-purity quartz products [12]. - The rapid growth of the optical fiber and cable industry in China has established it as the largest in the world, leading to an increasing demand for quartz rods and tubes in the coming years [12]. Optical and Electric Light Source Sector - Optical quartz glass is widely used in various optical applications due to its high-temperature resistance and low expansion rate. It is used in telescopes, laboratory optical equipment, communication devices, and projection displays [14]. - The demand for quartz glass in electric light sources is expected to remain stable as technology advances and production scales increase [14]. Conclusion - The quartz products industry is poised for significant growth as high-tech industries such as semiconductors, optical fiber communication, photovoltaics, electric light sources, and optical instruments continue to develop [16].

『 主办单位 : 中 国 有 色 金 属 工 业 协 会 硅 业 分 会 了 ㄴ Hosted by: Silicon Industry of China Nonferrous Metals Industry Association – 回国確心 China Silicon Industry ...