瑞达期货工业硅产业日报-20250624

Report Industry Investment Rating - Not provided Core Viewpoints of the Report - The supply of industrial silicon will remain loose as large manufacturers in the southwest may start production due to lower electricity prices, small and medium - sized enterprises have limited restart plans, and the Xinjiang Yili region in the northwest will continue to receive electricity subsidies. The overall demand from the three major downstream industries for industrial silicon is slowing down. It is recommended to adopt a high - short strategy for the medium - to long - term [2] Summary by Relevant Catalogs Futures Market - The closing price of the main contract is 7,485 yuan/ton, up 65 yuan; the main contract position is 293,427 lots, down 9,692 lots; the net position of the top 20 is - 48,542 lots, down 347 lots; the Guangzhou Futures Exchange warehouse receipt is 53,570 lots, down 614 lots; the price difference between the July - August contracts is 15 yuan, up 5 yuan [2] Spot Market - The average price of oxygen - passing 553 silicon is 8,150 yuan/ton, unchanged; the average price of 421 silicon is 8,700 yuan/ton, unchanged; the basis of the Si main contract is 665 yuan/ton, down 65 yuan; the DMC spot price is 10,620 yuan/ton, unchanged [2] Upstream Situation - The average price of silica is 410 yuan/ton, unchanged; the average price of petroleum coke is 1,610 yuan/ton, unchanged; the average price of clean coal is 1,850 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] Industry Situation - The monthly output of industrial silicon is 299,700 tons, down 36,050 tons; the weekly social inventory of industrial silicon is 559,000 tons, down 13,000 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] Downstream Situation - The weekly output of silicone DMC is 45,000 tons, up 1,400 tons; the average price of aluminum alloy ADC12 in the Yangtze River spot is 20,100 yuan/ton, down 100 yuan; the weekly average price of photovoltaic - grade polysilicon is 4.25 US dollars/kg, down 0.03 US dollars/kg; the overseas market price of photovoltaic - grade polysilicon is 15.75 US dollars/kg, unchanged; the monthly export volume of unforged aluminum alloy is 24,179.3 tons; the weekly operating rate of silicone DMC is 68.4%, up 2.12 percentage points; the monthly output of aluminum alloy is 1.645 million tons, up 117,000 tons; the monthly export volume of aluminum alloy is 20,187.85 tons, down 337.93 tons [2] Industry News - Luxi Chemical announced on June 19 that its subsidiary signed a "Fluorine Product Framework Cooperation Agreement" with Sinochem Lantian Group Trading Co., Ltd., a subsidiary of Haohua Technology, to solve the issue of同业 competition in difluoromethane. The Ministry of Industry and Information Technology focuses on key industries such as clean and low - carbon hydrogen, new energy storage, and green intelligent computing [2]