工业硅、多晶硅日评：多头情绪旺盛，价格走势坚挺-20250730

Report Investment Rating - No investment rating for the industry is provided in the report. Core Viewpoints - On July 30, 2025, the prices of industrial silicon and polysilicon showed different trends. The prices of some industrial silicon products dropped, while the futures prices of industrial silicon and polysilicon increased. The prices of polysilicon and downstream products such as silicon wafers, cells, and modules remained stable [1]. - The supply of industrial silicon is expected to increase steadily, and the demand is mixed. The polysilicon market is in a situation where supply may increase slightly and demand is still weak. Both markets have fluctuating sentiments, and operations require caution [1]. Summary by Related Catalogs Price Information - Industrial Silicon Spot Prices: The average price of non - oxygenated 553 in different regions decreased, with drops ranging from 0.52% - 1.53%. The average price of oxygenated 553 also decreased, with drops between 1.01% - 1.53%. The average price of 421 in some regions decreased, and in some regions it remained unchanged [1]. - Industrial Silicon Futures Price: The closing price of the futures main contract increased by 4.88% to 9,350 yuan/ton [1]. - Polysilicon Spot Prices: The prices of N - type dense material, N - type re - feeding material, N - type mixed material, and N - type granular silicon remained unchanged [1]. - Polysilicon Futures Price: The closing price of the futures main contract increased by 2.83% to 50,805 yuan/ton [1]. - Silicon Wafer, Cell, and Module Prices: All remained unchanged [1]. - Organic Silicon Prices: DMC, 107 glue, and silicone oil prices all remained unchanged [1]. Industry News - Affected by the strong performance of industrial silicon prices and the increase in raw coal prices, the price of non - bonded silicon coal in Xinjiang increased by 50 yuan/ton, and the prices of silicon coal in Inner Mongolia and Ningxia increased by 10 yuan/ton, while the prices in Gansu and Shaanxi remained stable [1]. - Some domestic component companies slightly increased their centralized quotes due to cost - side pressure, but downstream acceptance was low, and recent transactions would mainly involve bargaining [1]. - European photovoltaics and energy storage power station developer SUNOTEC and Sungrow signed a strategic cooperation agreement to deploy 2.4GWh of battery energy storage systems in multiple solar projects in Europe [1]. Investment Strategies Industrial Silicon - Supply is expected to increase steadily as some silicon plants in Xinjiang resume production and the southwestern production areas enter the wet season. Demand is mixed, with polysilicon companies reducing production, some silicon material plants having复产 plans, organic silicon supply tightening due to an accident at a major factory, and silicon - aluminum alloy enterprises purchasing on demand [1]. - The industrial silicon futures and spot prices have rebounded, but the bullish sentiment is volatile, and operations need to be cautious. Future attention should be paid to the resumption of production of silicon enterprises [1]. Polysilicon - Supply may increase slightly as silicon material companies maintain production cuts and some may have new production capacity. Demand is still weak as the photovoltaic market is sluggish, but the trading atmosphere has improved slightly [1]. - The polysilicon futures price has continued to rise since the end of June, but the sentiment is volatile, and operations need to be cautious. Future attention should be paid to macro - sentiment evolution and warehouse receipt registration [1].