工业硅：盘面弱势状态延续，多晶硅：基本面仍处弱势格局

1. Report Industry Investment Rating - No information provided in the given content 2. Core View of the Report - The industrial silicon futures market shows a weak trend, with the Si2506 closing price at 8,325 yuan/ton, down 215 yuan from the previous trading day, and the overall price and market indicators in a downward state. The polysilicon market also remains in a weak fundamental pattern, with the PS2506 closing price at 36,410 yuan/ton, down 835 yuan from the previous trading day. The trend intensity of both industrial silicon and polysilicon is -1, indicating a bearish outlook [1][2][4] 3. Summary by Relevant Catalogs 3.1 Fundamental Tracking - Futures Market Data: Si2506 closing price is 8,325 yuan/ton, down 215 yuan from T - 1, 550 yuan from T - 5, and 1,460 yuan from T - 22; trading volume is 269,472 lots, and open interest is 179,536 lots. PS2506 closing price is 36,410 yuan/ton, down 835 yuan from T - 1 and 2,965 yuan from T - 5; trading volume is 80,443 lots, and open interest is 53,823 lots [2] - Basis Data: Industrial silicon spot premium (against East China Si5530) is +1020 yuan/ton; polysilicon spot premium (against N - type re - feed) is +5590 yuan/ton [2] - Price Data: East China oxygen - passing Si5530 is 9300 yuan/ton, down 100 yuan from T - 1; Yunnan Si4210 is 10800 yuan/ton, down 100 yuan from T - 1; polysilicon - N - type re - feed is 40500 yuan/ton, unchanged from T - 1 [2] - Profit Data: Silicon plant profit (Xinjiang new standard 553) is - 3542 yuan/ton, down 215 yuan from T - 1; polysilicon enterprise profit is - 2.7 yuan/kg, up 0.5 yuan from T - 1 [2] - Inventory Data: Industrial silicon - social inventory (including warehouse receipt inventory) is 60.3 million tons; polysilicon - manufacturer inventory is 26.1 million tons [2] - Raw Material Cost Data: Xinjiang silicon ore is 440 yuan/ton; Xinjiang washed coking coal is 1500 yuan/ton; Maoming coke is 1400 yuan/ton [2] 3.2 Macro and Industry News - Longi Green Energy, ENGIE, and PowerChina signed a strategic cooperation in Paris, with Longi providing over 1GW of high - efficiency upgraded Hi - MO 9 modules. This indicates that high - efficiency BC technology has entered the stage of large - scale application and commercial value realization, promoting the clean energy transformation in the Middle East and Africa [4] 3.3 Trend Intensity - The trend intensity of industrial silicon and polysilicon is -1, indicating a bearish view, with the range of trend intensity being integers in the [-2, 2] interval [4]