Ruida Futures(SZ:002961) Jin Tou Wang·2025-06-09 07:13Supply Side - Industrial silicon prices showed a slight increase of 1.92%, reaching 7445.0 CNY/ton as of the report date [1] - Weekly production data from major regions indicates an increase: Xinjiang's production rose by 4450 tons to 31570 tons, Yunnan's by 380 tons to 1360 tons, and Sichuan's by 3320 tons to 4460 tons [1] - A new silicon plant in Sichuan is expected to start production in February 2025, contributing to higher regional capacity and a current operating rate of approximately 24% [1] Demand Side - The demand for industrial silicon is primarily driven by the organic silicon, polysilicon, and aluminum alloy sectors [2] - The organic silicon market is experiencing price stability, but production cuts are negatively impacting industrial silicon demand [2] - Polysilicon producers are reducing output, leading to a decline in demand for industrial silicon, with prices for downstream silicon wafers and battery cells also decreasing [2] - The aluminum alloy sector shows some demand from consumer electronics and automotive industries, but overall inventory levels are rising, leading to weaker prices [2] Inventory Trends - The industry is experiencing a trend of increasing inventory, with total industry stock continuing to grow and weak inventory depletion at factories [2] - Market sentiment is improving slightly, leading to a rebound in prices, but concerns about supply-demand imbalances persist [2]