Core Viewpoint - The domestic futures market for non-ferrous metals shows mixed performance, with polysilicon futures experiencing a downward trend, indicating potential challenges in the polysilicon sector [1] Supply Side - Some polysilicon companies that previously reduced production due to losses or equipment maintenance are resuming operations as market sentiment improves and policies promoting "anti-involution" are implemented [1] - Specific companies in Yunnan, Xinjiang, and Qinghai are gradually implementing their resumption plans [1] Demand Side - Export demand is gradually being released within the month, but there may be a significant vacuum period for downstream orders due to the previous wave of installation rush [1] - Future pricing for silicon materials is expected to face downward pressure [1] Market Outlook - The silicon wafer segment has completed price alignment, but the overall fundamentals remain weak [1] - Despite the weak fundamentals, the integration of production capacity provides strong support, and long-term participation in long positions is still encouraged within the price range of 51,000 to 55,000 yuan/ton [1]
产能整合提供强支撑 多晶硅回调后仍多单参与
Jin Tou Wang·2025-08-13 07:04