工业硅：情绪提振，多晶硅：报价抬升，情绪继续提振

Group 1: Report Overview - The report focuses on industrial silicon and polysilicon, with the sentiment of industrial silicon being boosted and polysilicon's quotation rising and sentiment continuing to be boosted [1][2] Group 2: Industry Investment Rating - No industry investment rating is provided in the report Group 3: Core Viewpoints - The trends of industrial silicon and polysilicon are both rated as having a trend strength of 1, indicating a neutral to slightly positive outlook [4] Group 4: Fundamental Data Summary Industrial Silicon and Polysilicon Futures Market - Si2511 closing price is 8,390 yuan/ton, with a change of -235 yuan from T - 1, -210 yuan from T - 5, and -870 yuan from T - 22; its trading volume is 561,795 lots, and open interest is 279,868 lots [2] - PS2511 closing price is 51,875 yuan/ton, with a change of -385 yuan from T - 1 and 585 yuan from T - 5; its trading volume is 704,931 lots, and open interest is 150,086 lots [2] Basis - Industrial silicon spot premium/discount shows different values when对标ing different grades, such as +900 yuan/ton when对标ing East China Si5530, +450 yuan/ton when对标ing East China Si4210, etc [2] Price - The price of Xinjiang 99 - silicon is 8450 yuan/ton, down 250 yuan from T - 1; Yunnan Si4210 is 9850 yuan/ton, down 100 yuan from T - 1; polysilicon - N - type re - feedstock is 47000 yuan/ton, unchanged from T - 1 [2] Profit - Silicon factory profit for Xinjiang new standard 553 is - 2676 yuan/ton, and for Yunnan new standard 553 is - 3355 yuan/ton; polysilicon enterprise profit is - 16.9 yuan/kg [2] Inventory - Industrial silicon social inventory (including warehouse receipt inventory) is 54.5 million tons, enterprise inventory is 17.1 million tons, and industry inventory is 71.6 million tons; polysilicon factory inventory is 24.2 million tons [2] Raw Material Cost - The prices of raw materials such as silicon ore, washed coking coal, petroleum coke, electrodes, etc., show different changes in different regions [2] Other Products in the Polysilicon (Photovoltaic) Chain - The prices and profit situations of products like silicon wafers, battery cells, components, photovoltaic glass, and photovoltaic - grade EVA are also presented, with some showing little change and others having slight price adjustments [2] Organic Silicon and Aluminum Alloy - The price of DMC is 11000 yuan/ton, and DMC enterprise profit is - 1032 yuan/ton; the price of ADC12 is 20350 yuan/ton, and the profit of recycled aluminum enterprises is - 240 yuan/ton [2] Group 5: Macro and Industry News - In July 2025, China's industrial silicon was exported to 50 countries/regions, with a total export volume of 74006.174 tons and an average price of 9219.38 yuan/ton, with the unit price decreasing by 75.74 yuan month - on - month. The top ten countries/regions in terms of export volume accounted for 80.51% of the total export volume [2]