消息面影响有限，警惕多晶硅价格回落

Core Viewpoint - Recent news regarding "storage" has stirred the photovoltaic market, with 17 leading companies reportedly forming a consortium to complete this initiative by the end of the year [1][2] Group 1: Market Reactions - The market appears to be largely unaffected by the news, as the main contract for polysilicon futures closed at 54,950 yuan/ton, down 0.15% [1] - Analysts suggest that the absolute price of polysilicon futures, which had already risen above 53,000 yuan/ton, limits the market's reaction to the news [1][2] Group 2: Supply and Demand Dynamics - The current polysilicon market is characterized by a supply-demand mismatch, with global production expected to slightly increase to 13.34 million tons in October [3] - After a surge in installations following the "5·31" policy, new photovoltaic installations have begun to decline, with September's figures showing a year-on-year decrease of 53.75% [3] Group 3: Future Outlook - Analysts predict that if the storage initiative progresses smoothly, it could lead to the clearance of 430,000 to 480,000 tons of capacity, with a total of over 1.4 million tons potentially being removed from the market [2] - Despite current weak fundamentals, the impact of the storage initiative may provide short-term support for polysilicon prices, although demand remains weak [4]