10月31日，国家能源局举行新闻发布会，发布前三季度全国能源形势、可再生能源并网运 行、电动汽车充电基础设施建设，市场化机制助力迎峰度夏电力保供任务完成等情况，并回答记 者提问。 四是全面提升新能源消费水平。 落实可再生能源消费最低比重目标，加快出台《可再生能 源消费最低比重目标和可再生能源电力消纳责任权重制度实施办法》，协同推进可再生能源强制 消费与自愿消费。健全绿证交易机制，加强电—碳—证市场协同衔接，积极推动绿证国际互认， 合理体现绿色电力环境价值。 五是完善适应高比例新能源的市场和价格机制。 配合有关部门指导各地加快出台和落实新 能源上网电价市场化改革实施方案，科学合理设定各类边界条件，妥善处理降电价与稳收益的关 系并合理衔接存量政策，稳定市场预期和投资积极性。构建适应新能源特性的市场交易规则，为 新能源提供合理的收益保障与风险管理机制。 今年以来，能源投资态势如何，展现出了哪些特点？ 在答记者问中，新一轮NDC（《巴黎协定》国家自主贡献）提出了2035年非化石能源占比 超30%、风光总装机力争达36亿千瓦的目标。为实现这一目标， "十五五"能源发展规划将设定 哪些关键的阶段性指标和实施路径？ 综合司 ...

Core Viewpoint - The market is experiencing a downturn due to weak terminal demand, leading to a decline in prices for certain specifications of silicon wafers [1][2]. Price Trends - The average transaction price for N-type G10L silicon wafers (182*183.75mm/130μm) is 1.32 CNY per piece, unchanged from last week - The average price for N-type G12R silicon wafers (182*210mm/130μm) is 1.34 CNY per piece, down 4.29% week-on-week - The average price for N-type G12 silicon wafers (210*210mm/130μm) is 1.66 CNY per piece, down 1.19% week-on-week - Downstream battery prices and module prices remain stable, with mainstream battery prices at 0.29 - 0.30 CNY/W and module prices at 0.66 - 0.68 CNY/W [1]. Market Dynamics - Despite a strong willingness to maintain prices among silicon wafer manufacturers, weak procurement intentions from downstream battery and module companies persist, primarily focusing on depleting existing inventory - The overall operating rate in the industry has slightly increased, with two leading companies operating at 56% and 54%, while integrated companies operate between 56% and 80%, and other companies range from 54% to 80% [2]. - The market is expected to remain oversupplied as terminal demand enters a traditional off-season, but some silicon wafer manufacturers plan to reduce operating rates starting in November, which may gradually improve supply-demand dynamics [2]. Price Fluctuations - The highest and lowest prices for various silicon wafers are as follows: - N-type G10L silicon wafers: Highest price 1.35 CNY, Lowest price 1.32 CNY, Average price 1.32 CNY, with no fluctuation - N-type G12R silicon wafers: Highest price 1.36 CNY, Lowest price 1.33 CNY, Average price 1.34 CNY, with a fluctuation of -4.29% - N-type G12 silicon wafers: Highest price 1.70 CNY, Lowest price 1.65 CNY, Average price 1.66 CNY, with a fluctuation of -1.19% [3][4].

Core Viewpoint - The industrial silicon market is experiencing a differentiated trend with rising futures prices and stable spot prices, indicating a tight supply-demand balance in the short term [1][2]. Price Trends - The main futures contract (2601) closed at 9170 CNY/ton, up by 110 CNY/ton from the previous week [1]. - The national comprehensive price for industrial silicon remained stable at 9174 CNY/ton as of October 29 [1]. - Prices for different grades of industrial silicon are as follows: 553 at 8708 CNY/ton, 441 at 9055 CNY/ton, and 421 at 9658 CNY/ton, all showing stability [1][3]. Regional Price Analysis - Regional prices are stable, with Xinjiang at 8798 CNY/ton, Yunnan at 9753 CNY/ton, and Sichuan at 9950 CNY/ton [1][3]. - The export FOB prices have slightly increased, reflecting a stable market condition [1]. Supply and Demand Dynamics - Domestic industrial silicon production capacity is being released steadily, but there is a strong reluctance to sell among producers, leading to a relatively tight spot supply [2]. - Demand from downstream industries such as organic silicon and aluminum alloys is primarily focused on meeting rigid needs, with no large-scale stockpiling observed [2]. - A forecast for November indicates simultaneous supply contraction and demand decline, which may maintain the current tight balance in the market [2]. Market Outlook - The short-term outlook suggests that rising futures prices may alleviate some pressure on the spot market, while the reluctance to sell in the southwestern region will further support the stability of the spot market [2].

Group 1 - The core viewpoint of the article indicates that the domestic polysilicon market is experiencing low activity, with stable prices influenced by weak supply and demand dynamics [1][2]. - The average transaction price for n-type recycled polysilicon is reported at 53,200 yuan/ton, while n-type granular silicon averages 50,500 yuan/ton, both showing no change from the previous period [1][3]. - The number of main signing enterprises in the market has decreased to 3-4, and order volumes have declined compared to the previous period, reflecting a weak trading atmosphere [1][2]. Group 2 - In October, domestic polysilicon production reached approximately 137,000 tons, a month-on-month increase of 6.2%, exceeding expectations by 5.4% due to some companies slightly increasing their operating rates to reduce costs [2]. - It is anticipated that inventory levels will exceed 20,000 tons in October, marking a new high for monthly cumulative inventory this year [2]. - The monthly production of polysilicon is expected to decline to 125,000 to 130,000 tons in November and December due to planned production cuts by major manufacturers in the Southwest region and maintenance in Inner Mongolia [2].

Group 1 - The article provides pricing data for photovoltaic glass, indicating the highest, lowest, and average prices for different thicknesses of glass [1] - For 2.0mm photovoltaic glass, the highest price is 13 yuan per square meter, the lowest is 12 yuan, and the average price is 12.5 yuan [1] - For 3.2mm photovoltaic glass, the highest price is 21 yuan per square meter, the lowest is 20 yuan, and the average price is 20.5 yuan [1] Group 2 - The price fluctuations for both types of photovoltaic glass are reported as zero, indicating stability in the market for the specified period [1] - The data is compiled from multiple photovoltaic glass manufacturers and includes tax-inclusive pricing [1]

Core Viewpoint - The article discusses the differences between quartz powder and silica micro powder, including their production methods, physical and chemical properties, and application fields. Group 1: Definitions and Production - Quartz powder is a coarser form of SiO2 obtained by crushing quartz ore, while silica micro powder is a finer form produced through grinding or chemical methods to achieve high purity [1] - Micro silica, also known as silica fume, is a byproduct of industrial processes, specifically from the collection of smoke dust in smelting plants, containing about 90% SiO2 [3] - White carbon black is produced through chemical methods and can achieve a purity of up to 99% with particle sizes ranging from 10 to 20 nm [3] Group 2: Historical Context - The earliest silica micro powder originated from dust collected from steel plant chimneys, primarily used in the refractory materials industry in the early 1990s [4] - In the late 1990s, the rapid development of the electronic circuit board industry in China led to the ultra-fine purification of quartz powder, which became known as silica micro powder [5] Group 3: Physical and Chemical Properties - Both silica micro powder and quartz powder are fine materials with particle sizes typically below 1 micron, but they differ in physical properties; silica micro powder is lighter and less dense, while quartz powder is denser [7] - Chemically, silica micro powder is a form of SiO2 with a non-crystalline structure and many active surface groups, whereas quartz powder is made from crushed crystalline quartz [7] Group 4: Application Fields - Silica micro powder is widely used in electronics, optics, ceramics, cosmetics, coatings, and plastics to enhance material stability, reduce costs, and improve processing performance [7] - Quartz powder is primarily used in glass, ceramics, cement, building materials, and metal surface coatings due to its high hardness and chemical stability [7]

Core Viewpoint - The article provides a detailed analysis of the pricing trends for high-purity quartz sand and quartz crucibles, highlighting the price ranges, average prices, and price fluctuations for various categories of quartz products as of October 28, 2025 [1]. Pricing Analysis of High-Purity Quartz Sand - Import quartz sand has a highest price of 8.75 million yuan per ton, a lowest price of 8 million yuan, and an average price of 8.375 million yuan with no price fluctuation [1]. - Inner layer quartz sand is priced with a highest of 7 million yuan, a lowest of 5 million yuan, and an average of 6 million yuan, also showing no price fluctuation [1]. - Middle layer quartz sand has a highest price of 3 million yuan, a lowest of 2.5 million yuan, and an average of 2.75 million yuan, with no price fluctuation [1]. - Outer layer quartz sand is priced at a highest of 2.2 million yuan, a lowest of 1.8 million yuan, and an average of 2 million yuan, again with no price fluctuation [1]. Pricing Analysis of Quartz Crucibles - The 28-inch quartz crucible has a highest price of 0.62 million yuan, a lowest price of 0.6 million yuan, and an average price of 0.61 million yuan, with no price fluctuation [1]. - The 32-inch quartz crucible is priced with a highest of 0.7 million yuan, a lowest of 0.66 million yuan, and an average of 0.68 million yuan, also showing no price fluctuation [1]. - The 36-inch quartz crucible has a highest price of 0.78 million yuan, a lowest of 0.74 million yuan, and an average of 0.76 million yuan, with no price fluctuation [1].

Core Points - The Fourth Plenary Session of the 20th Central Committee of the Communist Party of China will be held from October 20 to 23, 2025, in Beijing [1] - The main goals for the "15th Five-Year" period include significant achievements in high-quality development, substantial improvement in self-reliance in technology, breakthroughs in comprehensive deepening of reforms, enhancement of social civilization, continuous improvement in people's quality of life, major progress in building a beautiful China, and a more solid national security barrier [1] - By 2035, the aim is to achieve a significant leap in economic strength, technological strength, national defense strength, comprehensive national power, and international influence, with per capita GDP reaching the level of moderately developed countries and a happier, better life for the people, essentially realizing socialist modernization [1] Industry Development - The focus will be on building a modern industrial system and consolidating the foundation of the real economy [1] - The strategy emphasizes placing the economic development focus on the real economy, adhering to intelligent, green, and integrated directions, and accelerating the construction of a manufacturing powerhouse, quality powerhouse, aerospace powerhouse, transportation powerhouse, and cyber powerhouse [1] - Maintaining a reasonable proportion of manufacturing, constructing a modern industrial system centered on advanced manufacturing, optimizing and upgrading traditional industries, nurturing and expanding emerging and future industries, and promoting high-quality and efficient development of the service industry are key objectives [1] Infrastructure and Energy - The establishment of a new energy system is prioritized, with a focus on steadily advancing carbon peak goals and accelerating the formation of green production and lifestyle [3]

Core Viewpoint - The industrial silicon market is experiencing a "futures fluctuation and slight decline in spot prices" trend, with overall supply and demand showing weakness, leading to a challenging market environment [1][2]. Supply Analysis - Increased production in the northwest region and declining prices are offsetting the impact of reduced production and stable prices in the southwest region, resulting in growing inventory pressure [2]. - The northwest region's new production and futures warehouse delivery are putting pressure on market prices, while the north region faces increased transportation costs due to lower temperatures, forcing spot prices down [2]. - In the southwest region, rising production costs due to the approaching dry season have led companies to halt quotes or cautiously raise prices, but ample supply limits price rebounds [2]. Demand Analysis - All three major downstream industries are showing weak performance, lacking momentum for improvement in industrial silicon demand [2]. - The aluminum alloy market remains stable in price but experiences weak demand, hindering incremental purchases [2]. - The organic silicon market is struggling with low prices and companies operating at a loss, resulting in significantly lower operating rates compared to historical levels and reduced willingness to stock [2]. - The polysilicon market's prices remain stable, but some companies are expected to cut production in November, leading to low purchasing intentions, with production cuts being a key short-term factor affecting industrial silicon demand [2]. Market Overview - The industrial silicon market is currently in a "dual weakness" situation regarding supply and demand, with the core market dynamics being the conflict between rising costs in the southwest region and collectively weak downstream demand [2]. - The market's downward space is supported by cost factors, while the upward potential is limited due to the lack of substantial improvement in the supply-demand fundamentals [2].

Core Viewpoint - The silicon wafer market is currently stable, with prices showing no significant changes week-on-week, despite weak domestic demand and a strong willingness among manufacturers to maintain prices due to cost support from stable polysilicon prices [1][2]. Group 1: Current Market Conditions - The average transaction prices for various types of N-type silicon wafers are as follows: G10L at 1.32 CNY/piece, G12R at 1.40 CNY/piece, and G12 at 1.68 CNY/piece, with no significant changes compared to the previous week [1]. - The overall operating rates in the industry remain stable, with leading companies operating at 54% and 52%, while integrated companies operate between 56% and 80% [1]. - Downstream battery and module prices are stable, with mainstream battery prices at 0.29-0.30 CNY/W and module prices at 0.66-0.68 CNY/W, unchanged from the previous week [1]. Group 2: Future Market Outlook - The demand for terminal components in the fourth quarter appears pessimistic, putting pressure on silicon wafer companies, leading to a weak consolidation in the short term [2]. - However, as upstream polysilicon and silicon wafer companies implement maintenance and production reduction plans, the supply-demand relationship is expected to improve, leading to a more optimistic medium to long-term market outlook [2].