CSC(SH:601066) Jin Tou Wang·2025-12-10 06:03Group 1 - The industrial silicon futures market is experiencing a downward trend, with the main contract slightly decreasing by 1.54% to 8305.0 CNY/ton as of the report date [1] - The spot price for industrial silicon was reported at 9603 CNY/ton, down by 45 CNY/ton from the previous trading day, with the lowest delivery price for 421 dropping to 8850 CNY/ton and the spot premium expanding to 510 CNY/ton [2] - Supply remains stable with southern production rates low and northern manufacturers slightly increasing output, indicating that the main variable currently depends on the operational status of large manufacturers [2] Group 2 - Demand is tightening as major integrated companies are increasing production cuts, leading to a slowdown in actual demand for installations, with the number of domestic companies winning provincial and municipal photovoltaic project bids decreasing, totaling 1232.8 MW, down by 345.7 MW week-on-week [2] - Future outlook suggests that while cost support may weaken, silicon prices could have some downward space; however, coal prices are expected to stabilize, limiting the potential decline in industrial silicon prices [2]