【安泰科】工业硅周评—市场情绪悲观 现货价格下跌（2025年3月12日）

Core Viewpoint - The industrial silicon spot prices have declined, with a significant drop in the main contract price and overall market sentiment being pessimistic due to weak demand and high inventory levels [1][2]. Price Trends - The main contract price fell from 10,175 CNY/ton to 9,880 CNY/ton, a decrease of 2.90% during the week of March 6-12, 2025 [1]. - The national average price decreased by 285 CNY/ton, with specific grades priced at 10,152 CNY/ton for 553, 10,776 CNY/ton for 441, and 11,010 CNY/ton for 421 [1]. Supply and Demand Dynamics - Supply is expected to increase as northern manufacturers are steadily resuming production, while southern regions maintain low operating rates, resulting in stable overall production [1]. - Demand remains stable with organic silicon monomer plants operating at around 70% capacity, and polycrystalline silicon enterprises also maintaining stable demand for industrial silicon [1]. Market Sentiment and Future Outlook - The market sentiment is negative due to a lack of significant demand improvement, leading to expectations of continued low price fluctuations in the short term [2]. - High inventory levels and the potential for further accumulation exert pressure on prices, indicating limited upward momentum [2].