Group 1: Report Overview - Report Date: June 06, 2025 [2] - Research Team: Energy and Chemical Research Team [3] Group 2: Market Performance and Outlook - Market Performance: The main contract price of industrial silicon futures fluctuated narrowly. The closing price of Si2507 was 7,135 yuan/ton, a decrease of 0.56%. The trading volume was 417,845 lots, and the open interest was 183,965 lots, with a net increase of 3,637 lots. The spot price of industrial silicon continued to decline. The price of 553 in Sichuan and Yunnan was 8,400 yuan/ton; the price of 421 in Sichuan was 9,200 yuan/ton, and the price in Yunnan, Inner Mongolia, and Xinjiang was 8,400 yuan/ton [4] - Outlook: The spot price continued to fall, and the losses have not yet led to a concentrated reduction in supply. The weekly output in the first week of June is expected to remain at around 69,000 tons. Different from polysilicon, the industrial silicon market needs to be vigilant about the resumption of production pressure during the wet season. There is no increase in demand in June. If the consensus on polysilicon production cuts is reached again, it will actually continue to be negative for industrial silicon. The organic silicon enterprises have been collectively cutting production to support prices since April, and exports are stable with little room for increase. The spot inventory continues to increase. The low point of the main contract price during the session was at a discount of over 1,000 yuan/ton and fell below the full-industry cash cost, showing signs of bottoming out in the short term. However, it is still difficult to improve the fundamentals, and short - selling funds are dominant. The rebound space is limited, and it will mainly fluctuate weakly [4] Group 3: Market News - On June 05, the number of futures warehouse receipts on the Guangzhou Futures Exchange was 61,309 lots, a net decrease of 494 lots from the previous trading day [5] - According to customs data, in April 2025, the export volume of industrial silicon was 60,500 tons, a month - on - month increase of 1.64% and a year - on - year decrease of 9.19%. The overall export volume in April increased slightly compared with March. The overall overseas market was relatively stable, and the change in export volume was small. The average export price was 1,478 US dollars/ton, a month - on - month decrease of 4.46% and a year - on - year decrease of 23.42%, mainly affected by the low price of the domestic industrial silicon market [5]
建信期货工业硅日报-20250606
Jian Xin Qi Huo·2025-06-06 02:10