硅业分会：工业硅期现市场走势分化 短期内市场供需保持平稳状态

Core Insights - The industrial silicon market is experiencing a divergence with "futures prices rising and spot prices remaining stable" [1] - The main contract price for industrial silicon increased from 9060 CNY/ton to 9170 CNY/ton, a rise of 110 CNY/ton over the past week [1] - The overall national industrial silicon price remained stable at 9174 CNY/ton as of October 29 [1] Price Analysis - The prices for different grades of industrial silicon are as follows: 553 at 8708 CNY/ton, 441 at 9055 CNY/ton, and 421 at 9658 CNY/ton, all showing stability [1] - Regional prices are stable with Xinjiang at 8798 CNY/ton, Yunnan at 9753 CNY/ton, and Sichuan at 9950 CNY/ton [1][3] Supply and Demand Dynamics - Domestic industrial silicon production capacity is being released steadily, with companies showing a strong reluctance to sell, leading to a relatively tight supply situation [1] - Demand from downstream industries such as organic silicon and aluminum alloys is primarily focused on meeting rigid needs, with no large-scale stockpiling observed [1] - Expectations of production cuts in the polysilicon sector may influence market dynamics [1] Market Outlook - In November, the market is expected to face both supply contraction and demand decline [2] - The rise in futures prices may alleviate some pressure on the spot market, while the reluctance to sell in the southwestern region will help maintain a tight balance between supply and demand [2]