工业硅10月报：基本面预期向好，价格偏强-20250929

Group 1: Industry Investment Rating - No relevant content found Group 2: Core Viewpoints - No clear core viewpoints are presented in the provided content Group 3: Summary by Related Catalogs Price Data - For the week from September 18 - 24, 2025, the spot prices of various industrial silicon grades showed increases compared to the previous weekend and last month's end. For example, the East China oxygen - blown 553 spot price rose from 9350 yuan/ton on September 18 to 9500 yuan/ton on September 24, a 1.60% increase from the previous weekend and 4.97% from the end of last month [14]. - The prices of downstream products also had changes. The N - type dense polycrystalline silicon material price decreased by 0.29% compared to the previous weekend but increased by 6.25% from the end of last month, while the DMC price increased by 2.31% from the previous weekend and 2.79% from the end of last month [14]. Supply and Demand Data - From January to December 2025, industrial silicon production, imports, and the production of related silicon products showed fluctuations. The total supply in September 2025 was 41.60 thousand tons, with production of 39.80 thousand tons and no imports [15]. - The production of downstream products such as polycrystalline silicon, DMC, and aluminum alloys also varied. The total consumption in September 2025 was 41.32 thousand tons, resulting in a supply - demand balance of 0.28 thousand tons [15].