瑞达期货工业硅产业日报-20250716

1. Report Industry Investment Rating - Not provided in the given content 2. Report's Core View - Industrial silicon's three major downstream industries' total demand for industrial silicon continues to show a slowdown trend. The industrial silicon price has been rising, with spot prices driving up futures prices, but trading volume is decreasing. It is recommended to wait and see for now as the short - term integer mark will be an important resistance level [2] 3. Summary According to Relevant Catalogs Futures Market - The closing price of the main contract is 8685 yuan/ton, down 100 yuan; the position of the main contract is 379848 lots, down 16805 lots; the net position of the top 20 is - 70457 lots, down 2674 lots; the Guangzhou Futures Exchange warehouse receipt is 50215 lots, down 43 lots; the price difference between August and September industrial silicon is - 10, down 15 [2] 现货市场 - The average price of oxygen - passing 553 silicon is 9200 yuan/ton, up 50 yuan; the average price of 421 silicon is 9500 yuan/ton, unchanged; the Si main contract basis is 515 yuan/ton, up 150 yuan; the DMC spot price is 10800 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, unchanged; 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 electrodes (400mm) is 12250 yuan/ton, unchanged [2] 产业情况 - Industrial silicon monthly output is 305200 tons, up 5500 tons; industrial silicon social inventory is 552000 tons, up 10000 tons; industrial silicon monthly import volume is 2211.36 tons, up 71.51 tons; industrial silicon monthly export volume is 52919.65 tons, down 12197.89 tons [2] 下游情况 - The weekly output of organic silicon DMC is 44900 tons, up 700 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 4.94 US dollars/kilogram, up 0.72 US dollars; the overseas market price of photovoltaic - grade polysilicon is 15.75 US dollars/kilogram, unchanged; the monthly export volume of unforged aluminum alloy is 24179.3 tons; the weekly organic silicon DMC operating rate is 69.41%, up 1.17 percentage points; the monthly aluminum alloy output is 201878500 tons, up 164500 tons; the monthly aluminum alloy export volume is 11700 tons, down 337.93 tons [2] 行业消息 - There are rumors that large industrial silicon manufacturers have cancelled their复产 plans and electricity price subsidies have been cancelled, but they are unconfirmed and need further tracking. Trump said that tariffs will be imposed on imported copper starting from August 1, with a 50% tariff increase. The fertilizer subsidy policy in the Ili region of the Northwest remains stable, and large - scale production enterprises have not reported any production cuts or shutdowns. The production cost in the Southwest has decreased, with enterprises in Baoshan actively resuming production, but the resumption scale in Nujiang and Dehong has not met expectations. Sichuan manufacturers are mainly focused on ensuring supply and relying on self - owned power plants for production, and the overall operating rate has not increased significantly [2]