Ruida Futures(SZ:002961) Rui Da Qi Huo·2025-07-09 08:50Group 1: Report Industry Investment Rating - No investment rating provided in the report Group 2: Core View of the Report - Supply side remains loose with expected production increases from large and small enterprises, especially in the Southwest due to lower electricity prices and government subsidies in Xinjiang's Yili region [2] - Demand from the three major downstream industries (organic silicon, polysilicon, and aluminum alloy) for industrial silicon is slowing down, with organic silicon expected to have higher costs and lower production next week, polysilicon in a reduced - load operation state with decreased demand, and aluminum alloy in a passive de - stocking phase [2] - It is recommended to temporarily observe in the short term and maintain a high - selling strategy for the medium - to - long term [2] Group 3: Summary by Relevant Catalogs Futures Market - The closing price of the main contract is 8140 yuan/ton, down 75 yuan; the main contract position is 399029 lots, up 11907 lots; the net position of the top 20 is - 93605 lots, down 8706 lots; the Guangzhou Futures Exchange warehouse receipt is 50792 lots, down 285 lots; the price spread between August and September industrial silicon is 5 yuan, unchanged [2] Spot Market - The average price of oxygen - passing 553 silicon is 8750 yuan/ton, unchanged; the average price of 421 silicon is 9050 yuan/ton, unchanged; the basis of the Si main contract is 610 yuan/ton, up 75 yuan; the DMC spot price is 10560 yuan/ton, unchanged [2] Upstream Situation - The average price of silica is 410 yuan/ton, unchanged; the average price of petroleum coke is 1720 yuan/ton, up 30 yuan; the average price of clean coal is 1850 yuan/ton, unchanged; the average price of wood chips is 490 yuan/ton, unchanged; the ex - factory price of graphite electrode (400mm) is 12250 yuan/ton, unchanged [2] Industry Situation - The monthly industrial silicon output is 305200 tons, up 5500 tons; the weekly industrial silicon social inventory is 55.2 tons, up 1 ton; the monthly industrial silicon import volume is 2211.36 tons, up 71.51 tons; the monthly industrial silicon export volume is 52919.65 tons, down 12197.89 tons [2] Downstream Situation - The weekly output of organic silicon DMC is 4.49 tons, up 0.07 tons; the average price of aluminum alloy ADC12 in the Yangtze River spot is 20100 yuan/ton, unchanged; the weekly average price of photovoltaic - grade polysilicon is 4.22 dollars/kg, unchanged; the overseas market price of photovoltaic - grade polysilicon is 15.75 dollars/kg, unchanged; the monthly export volume of unforged aluminum alloy is 24179.3 tons, up 7624.27 tons; the weekly operating rate of organic silicon DMC is 68.24%, up 1.07%; the monthly aluminum alloy output is 164.5 tons, up 11.7 tons; the monthly aluminum alloy export volume is 20187.85 tons, down 337.93 tons [2] Industry News - There are frequent rumors in the industrial silicon and polysilicon markets, which need further verification; Trump plans to impose a 50% tariff on imported copper starting from August 1 [2] Key Points of Attention - No news today [2]