Report Summary 1. Report Industry Investment Rating - No information provided 2. Core View of the Report - The industrial silicon futures main contract price continued to be strong. The Si2509 closed at 8785 yuan/ton, up 1.04%, with a trading volume of 1.417 million lots and an open interest of 397,000 lots, a net decrease of 6,237 lots. The spot price of industrial silicon continued to rise. The output in the second week of July remained above 70,000 tons, and the monthly output would remain above 310,000 tons. The demand increment in July was less than 20,000 tons. The futures warehouse receipts began to increase, and the short - term trend was mainly a strong oscillation [4]. 3. Summary by Relevant Catalogs 3.1 Market Performance - The industrial silicon futures main contract price continued to be strong. The Si2509 closed at 8785 yuan/ton, up 1.04%, with a trading volume of 1.417 million lots and an open interest of 397,000 lots, a net decrease of 6,237 lots [4]. 3.2 Spot Price - The spot price of industrial silicon continued to rise. The price of Inner Mongolia 553 and Sichuan 553 was 8500 yuan/ton, up 50 yuan/ton; the price of Inner Mongolia 421 and Xinjiang 421 was 8800 yuan/ton, and the price of Sichuan 421 was 9000 yuan/ton [4]. 3.3 Market Outlook - In the second week of July, the industrial silicon output remained above 70,000 tons. The resumption of production in the southwest during the wet season made up for the reduction of production by large factories in Xinjiang, and the monthly output would remain above 310,000 tons. On the demand side, the polysilicon production schedule in July increased to 100,000 - 110,000 tons, and the operating rate of organic silicon increased slightly, but the overall monthly demand increment was less than 20,000 tons. The futures warehouse receipts began to increase, and attention should be paid to its sustainability. The previous warehouse receipts entered a continuous reduction range between 8800 - 9000. Currently, the industrial policy formed a bullish expectation, and the spot price increase continued to stimulate the futures price. The short - term trend was mainly a strong oscillation [4]. 3.4 Market News - On July 15, the number of futures warehouse receipts on the Guangzhou Futures Exchange was 50,258 lots, a net increase of 165 lots compared with the previous trading day [5].
建信期货工业硅日报-20250716
Jian Xin Qi Huo·2025-07-16 02:02