硅业分会：市场情绪积极 本周硅片小幅探涨

Core Viewpoint - The silicon wafer prices have shown a slight increase this week, driven by various factors including stable raw material costs, rising demand from battery manufacturers, and reduced production rates among silicon wafer manufacturers [1][2]. Group 1: Price Trends - The average transaction prices for N-type silicon wafers have increased slightly: G10L at 1.17 CNY/piece (up 0.86% week-on-week), G12R at 1.2 CNY/piece (up 0.84%), and G12 at 1.5 CNY/piece (up 0.67%) [1]. - The mainstream price for battery cells has risen to 0.28-0.30 CNY/W (up 7.1% week-on-week), while module prices have remained stable at 0.66-0.68 CNY/W [1]. Group 2: Influencing Factors - Cost support for silicon wafer manufacturers is provided by stable prices of raw materials, particularly polysilicon [2]. - The increase in silver prices for battery production has led to a rise in battery cell prices, creating expectations for potential silicon wafer price increases [2]. - A decrease in production rates among silicon wafer manufacturers has contributed to a more positive market sentiment, leading to a slight increase in silicon wafer prices [2]. Group 3: Market Outlook - The overall operating rate in the industry has decreased by 5% week-on-week, with major companies operating at 50% and 48% capacity, while integrated companies are operating between 50%-70% [2]. - Many silicon wafer companies are planning to raise their prices in the upcoming rounds, with some even choosing to suspend shipments to observe future price trends [2]. - The future price trajectory of silicon wafers will largely depend on the recovery of end-user demand, with expectations for stable operations in the short term despite generally weak downstream demand [2].