工业硅：基本面弱势格局，关注市场情绪，多晶硅：消息扰动增加

1. Report Industry Investment Rating - No specific industry investment rating is provided in the report. 2. Core Viewpoints - The industrial silicon market is in a weak fundamental pattern, and attention should be paid to market sentiment. The polysilicon market has increasing news disturbances [1]. - The trend strength of industrial silicon is 0, indicating a neutral outlook, while the trend strength of polysilicon is 1, indicating a slightly bullish outlook [3]. 3. Summary by Relevant Catalogs 3.1 Fundamental Tracking - Futures Market: The closing price of Si2511 was 8,450 yuan/ton, with a decrease of 90 yuan compared to the previous day, 900 yuan compared to a week ago, and an increase of 470 yuan compared to a month ago. The closing price of PS2511 was 50,330 yuan/ton, with an increase of 1,610 yuan compared to the previous day and a decrease of 475 yuan compared to a week ago [1]. - Basis: The industrial silicon spot premium (against East China Si5530) was +760 yuan/ton, and the polysilicon spot premium (against N-type re - investment) was - 1980 yuan/ton [1]. - Price: The price of East China oxygen - passed Si5530 was 9,250 yuan/ton, with a decrease of 200 yuan compared to the previous day and 550 yuan compared to a week ago. The price of polysilicon - N - type re - investment material was 47,000 yuan/ton, with no change compared to the previous day but an increase of 500 yuan compared to a week ago and 11,000 yuan compared to a month ago [1]. - Profit: The profit of silicon plants in Xinjiang (new standard 553) was - 2,938 yuan/ton, and that in Yunnan (new standard 553) was - 4,730 yuan/ton. The profit of polysilicon enterprises was - 16.9 yuan/kg [1]. - Inventory: The industrial silicon social inventory (including warehouse receipt inventory) was 540,000 tons, and the polysilicon manufacturer inventory was 229,000 tons [1]. - Raw Material Cost: The price of silicon ore in Xinjiang was 340 yuan/ton, and that in Yunnan was 320 yuan/ton. The price of graphite electrodes was 12,200 yuan/ton [1]. 3.2 Macro and Industry News - On August 4, the Hebei Provincial Development and Reform Commission issued a notice on organizing the application for green power direct - connection projects, giving priority to supporting three types of projects. The proportion of the project's annual self - generated and self - used new energy electricity to the total available power generation should be no less than 60%, and the proportion to the total power consumption should be no less than 30%, reaching no less than 35% by 2030 [2][3].