多晶硅数据日报-20251105

Report Industry Investment Rating - No relevant content provided Core Viewpoints - The pattern of both supply and demand reduction in the polysilicon production schedule for November, with a situation of "weak reality and strong expectation", remains unchanged. The previously rumored capacity storage method has been confirmed for the first time, boosting market sentiment. The "involution" measures will take another step, and the progress of capacity clearance continues. In the short term, prices may show a strong trend [2] Summary by Related Catalogs Futures Price - PS2511 closed at 55,000 with a decline of 4.14%. PS2512 closed at 53,750 with a decline of 4.12%. PS2601 closed at 53,715 with a decline of 4.19%. PS2602 closed at 53,685 with a decline of 4.19% [1] - The price difference between PS2511 - PS2512 is -2,175 with an increase of 80. The price difference between PS2512 - PS2601 is 35 with an increase of 40. The price difference between PS2601 - PS2602 is 30 with no change [1] Spot Price - The average price of N - type compact material is 51 with no change. The average price of N - type mixed material is 50.5 [1][2] Basis - The basis between N - type compact material and PS2601 is -2,715 with an increase of 2,350. The basis between N - type mixed material and PS2601 is -3,215 with an increase of 2,350 [2] Inventory - The polysilicon inventory (weekly, in ten thousand tons) is 26.1 with an increase of 0.3. The silicon wafer inventory (weekly, in GW) is 18.93 with an increase of 0.46. The registered warehouse receipts (daily, in tons) is 9,590 with an increase of 490 [2] Newly - installed Capacity - In September 2025, the newly - installed capacity was 9.66 GW, a year - on - year decrease of 53.76% and a month - on - month increase of 31.25%. From January to September 2025, the cumulative installed capacity was 240.27 GW, a year - on - year increase of 49.35% [2]