建信期货工业硅日报-20260109
Jian Xin Qi Huo·2026-01-09 01:51

Report Summary 1. Report Industry Investment Rating No information is provided in the given content. 2. Core Viewpoints of the Report - Industrial silicon futures prices dropped significantly, with the SI2605 contract price at 8,535 yuan/ton and a decline of 4.53%. After the sharp decline, the net long - position increased, and considering the stable spot price, the downward space is limited. It is expected to continue the convergent oscillation between 8,200 - 9,000 yuan/ton [4]. 3. Summary by Relevant Catalog 3.1 Market Performance - Industrial silicon futures prices tumbled. The SI2605 contract price was 8,535 yuan/ton with a 4.53% decline, trading volume was 666,115 lots, and the position was 260,531 lots, with a net increase of 15,797 lots. The top twenty long - positions had a net increase of 13,580 lots, and short - positions had a net increase of 6,535 lots [4]. - Spot prices remained stable. Sichuan 553 was priced at 9,300 yuan/ton, Yunnan 553 at 8,900 yuan/ton, Sichuan 421 at 9,900 yuan/ton, Xinjiang 421 at 9,550 yuan/ton, and Inner Mongolia 421 at 9,550 yuan/ton [4]. 3.2 Market Outlook - The sentiment of the strong varieties ebbed. Although coking coal and coke were running strongly, the daily limit of polysilicon in the intraday trading drove industrial silicon to accelerate its decline in the afternoon. The fundamentals of industrial silicon are relatively neutral compared to strong varieties, and policies have no imagination space. The spot price is stable and has not yet opened up the upward space [4]. 3.3 Market News - On January 08, the industrial silicon warehouse receipts volume on the Guangzhou Futures Exchange was 10,792 lots, a decrease of 7 lots from the previous trading day [5]. - In the 4th week of December, the industrial silicon inventory was 456,100 tons, a week - on - week decrease of 1.30% and a year - on - year increase of 24.08% [5]. - In the 4th week of December, the weekly output of industrial silicon was 81,500 tons, a week - on - week increase of 1.68% and a year - on - year increase of 9.35% [5].