瑞达期货工业硅产业日报-20250609

1. Report Industry Investment Rating - Not provided in the content 2. Report's Core View - The total demand for industrial silicon from its three major downstream industries is showing a downward trend. The large number of warehouse receipts has brought great delivery pressure to the market. It is recommended to adopt a high - short strategy in the medium - and long - term [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the main contract is 7475 yuan/ton, up 185 yuan; the position of the main contract is 177,592 lots, with a change of - 736 lots; the net position of the top 20 is - 37,782 lots, down 4,899 lots; the warehouse receipts of GEX are 60,573 lots; the price difference between the July - August contracts is 0, up 25 [2] 3.2 Spot Market - The average price of oxygen - passing 553 silicon is 8150 yuan/ton, unchanged; the average price of 421 silicon is 8700 yuan/ton, unchanged; the basis of the Si main contract is 675 yuan/ton, down 185 yuan; the DMC spot price is 11,740 yuan/ton, unchanged [2] 3.3 Upstream Situation - The average price of silica is 410 yuan/ton, unchanged; the average price of petroleum coke is 1760 yuan/ton, unchanged; the average price of clean coal is 1850 yuan/ton, unchanged; the average price of wood chips is 540 yuan/ton; the ex - factory price of graphite electrodes (400mm) is 12,250 yuan/ton, unchanged [2] 3.4 Industry Situation - The monthly output of industrial silicon is 299,700 tons, down 36,050 tons; the weekly social inventory of industrial silicon is 587,000 tons, down 2,000 tons; the monthly import volume of industrial silicon is 2,211.36 tons, up 71.51 tons; the monthly export volume of industrial silicon is 52,919.65 tons, down 12,197.89 tons [2] 3.5 Downstream Situation - The weekly output of organic silicon DMC is 38,700 tons, down 200 tons; the average price of aluminum alloy ADC12 in the Yangtze River spot is 20,300 yuan/ton, down 100 yuan; the weekly average price of photovoltaic - grade polysilicon is 4.28 US dollars/kilogram; the overseas market price of photovoltaic - grade polysilicon is 15.75 US dollars/kilogram, unchanged; the monthly export volume of unforged aluminum alloy is 16,555.02 tons, down 1,621.87 tons; the weekly operating rate of organic silicon DMC is 58.67%, down 0.53 percentage points; the monthly output of aluminum alloy is 1.528 million tons, down 127,000 tons; the monthly export volume of aluminum alloy is 20,187.85 tons, down 337.93 tons [2] 3.6 Industry News - The second - phase project of silicone rubber of Hubei Zheng'an New Materials Co., Ltd. was put into production at the beginning of the year and has officially entered the production stage. The state is increasing investment in long - term data infrastructure construction. With the approaching of the wet season, Yunnan and Sichuan are gradually entering the wet season, but the south - west region has no intention to resume work [2]