工业硅数据日报-20251028

Report Industry Investment Rating - Not mentioned in the report Core View - Overall, the pattern of increasing supply and decreasing demand for industrial silicon remains unchanged, and silicon prices may run weakly. On the supply side, the resumption of production in Northwest China has slowed down, and the weekly production increase of industrial silicon has decreased. On the demand side, the weekly production of polysilicon and organic silicon has declined. On the inventory side, the reduction of warehouse receipts has led to an overall reduction [1]. Summary by Related Catalogs Futures Market - SI2511 closed at 45793 with a -0.29% change and a position of 8000. SI2512 closed at 8980 with a -0.39% change and a position of 122104. SI2601 closed at 8965 with a -0.17% change and a position of 201518. SI2602 closed at 8970 with a -0.06% change and a position of 26702. SI2603 closed at 8980 with a 0.22% change and a position of 11082 [1]. Spot Market - In the East China region, the price of 553 (non-oxygenated) was 9300 with no change, 553 (hydrogenated) was 9350 with no change, 421 was 9650 with no change, 441 was 9600 with a 200 increase, and 3303 was 10500. In Huangpu Port, 421 was 9950 with no change, and 553 (oxygenated) was 9250. In Tianjin Port, 421 was 9800 with no change, and 553 (hydrogenated) was 9600. In Sichuan, 421 was 9750 with no change [1]. Price Difference - The difference between SI2511 and SI2512 was -375 with a 5 increase. The difference between SI2512 and SI2601 was 15 with a -15 decrease. The difference between 421 spot and 553 oxygenated spot was 300 with no change. The basis (East China 553 spot - main contract) was 385 with a -45 decrease [1]. Warehouse Receipts - The total warehouse receipt capacity was 280,000 tons, with a decrease from 39677 to 39297. Many warehouses had no change in warehouse receipts, while some had decreases, such as -100 in Zhongchu Lutong (No. 1 Sijingzhilu), -6 in Waiyun Tianjin Binhai, -7 in Jianfa Tianjin Binhai, -56 in Qingdao Port Logistics, -3 in Jianfa Gaoke (Waiyun Longquanyi), -7 in Xiangyu Sichuan Shanghai, -5 in Zhongchu Wuxi, -14 in Jianfa Dongguan [1]. Industry Dynamics - The contract dispute between Xinjiang Transformer Factory of TBEA Co., Ltd. and Xinjiang Qibu Hesheng Silicon Industry Co., Ltd. and Xinjiang Zhongbu Hesheng Brick Industry Co., Ltd. will be heard in Changji People's Court on November 4, 2025, with the case number "(2025) Xin 2301 Min Chu 9566" [1].