建信期货多晶硅日报-20250613

Group 1: Report Information - Report Date: June 13, 2025 [2] Group 2: Market Performance and Outlook - Market Performance: The main contract of polysilicon weakened again. The closing price of PS2507 was 33,585 yuan/ton, a decline of 1.39%. The trading volume was 65,591 lots, and the open interest was 61,695 lots, with a net increase of 1,499 lots [4] - Future Outlook: After the end of the terminal rush installation and with policies in a vacuum period, the weak spot price limits the rebound space. The weekly output in the first week of June is expected to remain at 22,000 tons, and the monthly output is expected to be around 100,000 tons. The potential supply pressure in the far - month is alleviated as the production increase during the wet season is difficult to materialize. A meeting at the end of June may discuss further production cuts to support the current futures and spot prices. The weak reality is mainly reflected in the end of the "rush installation" in the downstream photovoltaic terminal, with a significant decline in monthly demand both year - on - year and month - on - month. The market will mainly oscillate weakly at a low level [4] Group 3: Market News - Warehouse Receipts: As of June 11, the number of polysilicon warehouse receipts was 2,600 lots, with a net increase of 120 lots compared to the previous trading day [5] - Transaction Prices: The transaction price range of n - type re -投料 was 36,000 - 38,000 yuan/ton, with an average transaction price of 37,500 yuan/ton, unchanged from the previous period. The transaction price range of n - type granular silicon was 34,000 - 35,000 yuan/ton, with an average transaction price of 34,500 yuan/ton, unchanged from the previous period. The transaction price range of p - type polysilicon was 30,000 - 33,000 yuan/ton, with an average transaction price of 31,300 yuan/ton, unchanged from the previous period [5] - Industry Conference: The China Non - Ferrous Metals Industry Association will hold the "2025 China (Leshan) Silicon Industry Chain Development Conference" in Leshan, Sichuan Province from June 24 - 26 [5] - Project News: Dacheng New Energy's Anji Intelligent Manufacturing Base Project is expected to be completed and put into operation at the end of June. The project has a total investment of 4.7 billion yuan and plans to build a 4.8GW high - efficiency heterojunction battery + 7.2GW battery module fully automated intelligent production line in two phases [5]