安泰科：当前多晶硅市场需求较弱、稳价意愿较强 短期内或维持弱势平稳运行格局

Core Viewpoint - The domestic polysilicon market is currently exhibiting a weak and stable trend, with prices remaining steady despite a decline in downstream prices and production cuts by some silicon wafer companies due to weak demand [1][2]. Group 1: Price Trends - The transaction price range for n-type polysilicon is between 49,000 to 55,000 yuan per ton, with an average transaction price of 53,200 yuan per ton, remaining flat week-on-week [1]. - The transaction price range for n-type granular silicon is between 50,000 to 51,000 yuan per ton, with an average transaction price of 50,500 yuan per ton, also remaining flat week-on-week [1]. Group 2: Supply and Demand Dynamics - The supply side has contracted significantly, with expectations that domestic polysilicon production will drop to below 120,000 tons in November, representing a month-on-month decrease of approximately 14% [1][2]. - Despite recent production cuts in downstream sectors, the overall tolerance for supply-demand changes among upstream and downstream companies remains high due to already high social inventory levels [2]. Group 3: Market Outlook - The strong willingness to maintain prices among polysilicon companies is a significant factor, as price declines could disrupt the stabilization expectations that have been gradually established since July [1][2]. - It is anticipated that polysilicon prices will continue to maintain a weak and stable operational pattern in the short term, supported by supply contraction and a consensus on maintaining overall stability in the industry chain [2].