【安泰科】工业硅周评—市场情绪悲观 价格小幅下跌（2025年3月19日）

Core Viewpoint - The industrial silicon market is experiencing a slight decline in prices due to a combination of increased supply and reduced demand, leading to a pessimistic market sentiment [1][2]. Price Trends - The main contract price fluctuated from 9945 CNY/ton to 9785 CNY/ton, with a decrease of 1.61% [1]. - The national average price is 10676 CNY/ton, down by 135 CNY/ton [1]. - Specific prices for different grades are as follows: 553 at 10002 CNY/ton, 441 at 10471 CNY/ton, and 421 at 10875 CNY/ton [1]. - Regional prices include Xinjiang at 10133 CNY/ton, Yunnan at 10883 CNY/ton, Fujian at 15640 CNY/ton, and Sichuan at 11000 CNY/ton [1]. - FOB prices remain stable [1]. Market Dynamics - The industrial silicon market is seeing weak transactions, with downstream purchases primarily driven by immediate needs [1]. - Supply remains stable with minimal changes in national production, except for major northern manufacturers resuming operations as planned [1]. - There is no significant willingness for other manufacturers to resume production, leading to an overall increase in supply [1]. - Demand is expected to decrease due to the implementation of production cuts by organic silicon monomer plants, which may further reduce demand for industrial silicon [1][2]. - The production of polysilicon remains stable, maintaining demand for industrial silicon, while aluminum alloy manufacturers are purchasing based on their needs [1]. Future Outlook - The supply of industrial silicon is expected to increase, while demand is anticipated to decrease, indicating no significant improvement in the supply-demand fundamentals [2]. - Inventory pressure remains high, and prices are expected to continue fluctuating within a bottom range [2].