Core Viewpoint - The domestic futures market for non-ferrous metals is experiencing a significant upward trend, particularly in polysilicon futures, which have shown a slight increase of 1.69% to 55,515.0 CNY/ton [1] Market Dynamics - Recent news regarding the establishment of a storage platform has resurfaced, alongside rumors of downstream warehouse receipts, which have positively impacted polysilicon prices [1] - As November approaches, some polysilicon production capacities are expected to undergo maintenance, potentially alleviating supply pressure after an increase in October production [1] Demand Analysis - Demand from the downstream photovoltaic industry remains weak, with continuous declines in component bidding prices leading to project delays, thereby reducing the demand for polysilicon [1] - Although N-type silicon materials maintain a certain premium due to the increasing penetration of TOPCon battery technology, the prices of standard materials are nearing cost levels, resulting in a narrowing overall industry gross margin [1] Market Outlook - In the short term, polysilicon prices are expected to maintain a wide fluctuation range, with the main contract projected to operate between 50,000 and 55,000 CNY/ton, and opportunities for low buying below 50,000 CNY/ton should be monitored [1]
需求端相对疲软 短期内预计多晶硅维持宽幅震荡
Jin Tou Wang·2025-10-29 07:02