硅业分会：本周工业硅市场陷入了“供需双弱”的困境

Core Insights - The industrial silicon market is currently facing a "double weakness" in supply and demand, primarily due to rising costs in the southwest region during the dry season and weak downstream demand [1][2] - The market is experiencing a downward trend with futures fluctuating and spot prices slightly declining, indicating limited upward potential due to unchanged supply-demand fundamentals [1][2] Supply Summary - Increased production in the northwest region and falling prices are offsetting the impact of reduced production and stable prices in the southwest, leading to growing inventory pressure [2] - The northwest's new production and futures warehouse delivery are putting pressure on market prices, while the north's rising transportation costs due to lower temperatures are forcing spot prices down [2] - In the southwest, production costs have significantly increased due to the approaching dry season, causing companies to halt quotes or cautiously raise prices, but the ample supply limits price rebounds [2] Demand Summary - All three major downstream industries are showing weak performance, resulting in insufficient momentum for improving industrial silicon demand [2] - The aluminum alloy market remains stable in price but lacks demand, preventing any increase in procurement [2] - The organic silicon market is struggling with low prices and companies operating at a loss, leading to significantly lower operating rates compared to historical levels and reduced stocking willingness [2] - The polysilicon market's prices remain stable, but some companies are expected to cut production in November, which will be a key factor affecting industrial silicon demand in the short term [2] Price Summary - As of October 22, the national average price for industrial silicon is reported at 9174 yuan/ton, down 33 yuan/ton from the previous week [1][3] - Specific prices for different grades include 553 at 8708 yuan/ton (down 49 yuan), 441 at 9055 yuan/ton (down 37 yuan), and 421 at 9658 yuan/ton (down 14 yuan) [3] - Regional prices show Xinjiang at 8798 yuan/ton, Yunnan at 9753 yuan/ton, and Sichuan at 9950 yuan/ton [3] Freight Summary - The freight cost from Yili to Tianjin Port is 620 yuan/ton, while from Kunming to Huangpu Port it is 350 yuan/ton [5]