工业硅：消息面扰动，盘面表现偏强，多晶硅：关注今日市场消息影响-20260107

Report Summary 1. Report Industry Investment Rating - No industry investment rating is provided in the report [1][2][3] 2. Core Viewpoints - The industrial silicon market shows strong performance on the futures market due to news - related disturbances, and attention should be paid to the impact of today's market news on the polysilicon market [1] 3. Summary by Directory 3.1 Fundamental Tracking - Futures Market: The closing price of Si2605 is 8,900 yuan/ton, with a trading volume of 460,467 lots and an open interest of 234,611 lots. The closing price of PS2605 is 59,365 yuan/ton, with a trading volume of 19,919 lots and an open interest of 72,353 lots [1] - Basis: The spot premium of industrial silicon (against East China Si5530) is +350 yuan/ton, and the spot premium of polysilicon (against N - type re - investment) is - 5,865 yuan/ton [1] - Price: The price of Xinjiang 99 - silicon is 8,700 yuan/ton, and the price of polysilicon - N - type re - investment material is 53,500 yuan/ton [1] - Profit: The profit of silicon plants in Xinjiang (new standard 553) is - 2,426.5 yuan/ton, and the profit of polysilicon enterprises is 9.2 yuan/kg [1] - Inventory: The social inventory of industrial silicon (including warehouse receipt inventory) is 55.7 million tons, and the factory inventory of polysilicon is 30.6 million tons [1] - Raw Material Cost: The price of silicon ore in Xinjiang is 320 yuan/ton, and the price of graphite electrodes is 12,450 yuan/ton [1] 3.2 Macro and Industry News - Shaanxi Province plans to implement a differential electricity price policy from July 1, 2026. Restricted - category enterprises will have an additional 0.1 yuan/kWh, and eliminated - category enterprises will have an additional 0.3 yuan/kWh. This policy involves 3 industrial silicon enterprises in Shaanxi [2] 3.3 Trend Intensity - The trend intensity of industrial silicon is 0, and the trend intensity of polysilicon is 0, indicating a neutral view [3]