多晶硅：仓单部分注销：工业硅：弱势震荡格局

1. Report Industry Investment Rating - No information provided in the given content 2. Core Viewpoints of the Report - The industrial silicon market is in a weak and volatile pattern, and the trend strength of industrial silicon and polysilicon is 0, indicating a neutral outlook [1][4] 3. Summary by Relevant Catalogs 3.1 Fundamental Tracking - Futures Market: Si2605 closed at 8,560 yuan/ton, down 125 yuan from T - 1, 65 yuan from T - 5, and 45 yuan from T - 22; PS2605 closed at 41,670 yuan/ton, down 35 yuan from T - 1 and 780 yuan from T - 5 [2] - Basis: Industrial silicon's spot premium to different benchmarks has changed, and polysilicon's spot premium to N - type re - investment decreased by 465 yuan from T - 1, 3,220 yuan from T - 5, and 2,050 yuan from T - 22 [2] - Prices: The price of Xinjiang 99 - silicon remained unchanged at 8,600 yuan/ton compared to T - 1 and T - 5, but decreased by 100 yuan from T - 22; the price of polysilicon - N - type re - feedstock was 45,500 yuan/ton, down 500 yuan from T - 1, 3,350 yuan from T - 5, and 8,100 yuan from T - 22 [2] - Profits: The profit of silicon plants in Xinjiang (new standard 553) was - 2,571.5 yuan/ton, down 125 yuan from T - 1, 550 yuan from T - 5, and 320 yuan from T - 22; the profit of polysilicon enterprises was 1.2 yuan/kg, down 0.1 yuan from T - 1, 1.4 yuan from T - 5, and 7.6 yuan from T - 22 [2] - Inventory: Industrial silicon's social inventory (including warehouse receipt inventory) was 55.2 million tons, with a decrease of 0.1 million tons from T - 5 and 1 million tons from T - 22; polysilicon's manufacturer inventory was 35.7 million tons, with an increase of 0.9 million tons from T - 5 and 1.6 million tons from T - 22 [2] - Raw Material Costs: The prices of raw materials such as silicon ore, washed coking coal, petroleum coke, and electrodes in different regions remained relatively stable, with only slight changes in some cases [2] - Prices and Profits in Related Industries: In the polysilicon (photovoltaic) industry, the prices of silicon wafers, battery cells, components, etc. had different degrees of change; in the organic silicon and aluminum alloy industries, the prices and profits of DMC and ADC12 also changed [2] 3.2 Macro and Industry News - Indian solar photovoltaic manufacturer Waaree Energies has launched a 10GW solar silicon ingot and wafer manufacturing plant in Butibori, Nagpur, Maharashtra. The plant covers 300 acres, with a capacity of 10GW for both solar silicon ingots and wafers. Waaree invested about 62 billion Indian rupees (671 million US dollars) in the plant, and it will create over 8,000 local jobs once put into production [2] 3.3 Trend Intensity - The trend intensity of industrial silicon and polysilicon is 0, indicating a neutral view, with the range of trend intensity being [-2, 2], where -2 means most bearish and 2 means most bullish [4]