Core Viewpoint - The main contract for polysilicon futures experienced a sharp decline, reaching a low of 32,680.0 yuan, with a current price of 32,845.0 yuan, reflecting a drop of 2.17% [1] Group 1: Market Analysis - Guangzhou Futures maintains a bearish outlook on the polysilicon market, indicating that the market will continue to experience weak fluctuations due to weakened terminal demand and pressure on downstream silicon wafer prices [1] - The average transaction price for n-type re-investment materials has decreased to 34,400 yuan per ton, a week-on-week decline of 6.27%, contributing to the downward pressure on near-month contracts [1] - There are expectations for supply recovery in the southwest, but actual implementation of production cuts by major manufacturers remains uncertain, making it difficult for the fundamentals to improve in the context of weak demand [1] Group 2: Price Trends and Strategies - China International Capital Corporation (CICC) also predicts a weak fluctuation in polysilicon prices, noting that market activity has decreased and pessimistic sentiment persists without effective release [1] - The current futures and spot prices are closely aligned, indicating a relatively reasonable valuation, but there are no systemic opportunities in the short term [1] - Despite a slight rebound in upstream industrial silicon prices, the weak terminal demand and insufficient operating rates of silicon wafer and component companies hinder the downward transmission of prices [1]
基本面较难出现改善 多晶硅期价维持震荡偏弱
Jin Tou Wang·2025-06-19 07:15