中国有色金属工业协会硅业分会：预计10月多晶硅产量小幅增加

Core Insights - The price range for multi-crystalline silicon n-type raw materials is between 49,000 to 55,000 yuan per ton, with an average price of 53,200 yuan per ton, remaining stable week-on-week [1] - The number of mainstream signing enterprises for multi-crystalline silicon has increased to 5-6, but overall market transactions remain relatively light, with signing volumes consistent with previous periods [1] - Demand expectations for photovoltaic installations in Q4 are weak, with limited increases in battery component orders, leading to stable operating rates for silicon wafer enterprises and overall steady demand for silicon materials [1] - Three companies are resuming production this month, leading to a slight increase in multi-crystalline silicon output expected in October, although most companies have reached their order limits [1] - The number of operating multi-crystalline silicon enterprises remains at 11, with production plans indicating a peak in October and a gradual decline in November and December [1] - Domestic multi-crystalline silicon production is expected to be around 382,000 tons in Q4, a slight year-on-year increase of 3.0%, while the total annual production for 2025 is projected to be approximately 1.34 million tons, a significant year-on-year decrease of 27.3% [1] - The multi-crystalline silicon industry is undergoing a critical period of structural reshaping, with inventory slightly accumulating despite a significant year-on-year supply contraction, indicating weak terminal demand [2] - Industry policies and market expectations are expected to be the main factors supporting the stable operation of the multi-crystalline silicon market in the short term [2]