工业硅：关注后续仓单注册情况，多晶硅：高位震荡态势

Report Overview - The report focuses on industrial silicon and polysilicon, providing fundamental data, macro and industry news, and trend strength analysis [1] Investment Ratings - No investment ratings for the industry are provided in the report Core Views - The report suggests paying attention to the subsequent warehouse receipt registration situation for industrial silicon and notes that polysilicon is in a high - level oscillation state [1] Summary by Directory 1. Fundamental Data - Futures Market: Si2601's closing price was 9,155 yuan/ton, with a - 15 yuan change from T - 1, 450 yuan from T - 5, and 205 yuan from T - 22. PS2601's closing price was 54,950 yuan/ton, with a - 40 yuan change from T - 1 and 4,190 yuan from T - 5. Other data such as volume and open interest also showed various changes [1] - Basis: Industrial silicon's spot premium or discount showed different values when benchmarked against different products, and the same for polysilicon [1] - Price: The price of Xinjiang 99 - silicon was 8,750 yuan/ton, Yunnan Si4210 was 9,950 yuan/ton, and polysilicon - N - type re - feed was 52,300 yuan/ton, with corresponding price changes [1] - Profit: Silicon factory profits for Xinjiang and Yunnan new - standard 553 were - 2,114.5 yuan/ton and - 3,053 yuan/ton respectively, and polysilicon enterprise profit was 7.8 yuan/kg [1] - Inventory: Industrial silicon's social inventory (including warehouse receipt inventory) was 55.8 + 16.8 (the meaning of this expression is not clear), and the industry inventory was 72.6 million tons. Polysilicon's factory inventory was 26.1 million tons [1] - Raw Material Cost: Prices of raw materials such as silicon ore, washed coking coal, petroleum coke, and electrodes in different regions showed different trends [1] - Polysilicon (Photovoltaic): Prices and profits of polysilicon - related photovoltaic products such as silicon wafers, battery cells, components, etc. were presented, along with their price changes [1] - Organic Silicon and Aluminum Alloy: DMC price was 11,000 yuan/ton, and ADC12 price was 21,300 yuan/ton, with corresponding profit data [1] 2. Macro and Industry News - On October 30, the Ministry of Industry and Information Technology officially announced the list of enterprises meeting the "Photovoltaic Manufacturing Industry Specification Conditions" (the first twelve batches), with 129 eligible enterprises in total. Jiangsu had the most (35), and Zhejiang had 21. There were 10 eligible polysilicon enterprises [1][3] 3. Trend Strength - The trend strength of industrial silicon and polysilicon was both 0, indicating a neutral state [3]