【安泰科】工业硅周评—市场情绪悲观 现货价格下跌（2025年4月9日）

Core Viewpoint - The industrial silicon market is experiencing a decline in spot prices due to weak downstream demand and ongoing supply adjustments, leading to a pessimistic market sentiment [1][2]. Price Trends - The main contract price fluctuated from 9820 CNY/ton to 9485 CNY/ton, a decrease of 3.41% during the week of April 3-9, 2025 [1]. - The national average price is reported at 9922 CNY/ton, down by 310 CNY/ton [1]. - Specific grades show the following prices: 553 at 9701 CNY/ton, 441 at 10158 CNY/ton, and 421 at 10551 CNY/ton, with respective declines of 318 CNY/ton, 301 CNY/ton, and 313 CNY/ton [1]. - Regional prices include Xinjiang at 9831 CNY/ton, Yunnan at 10578 CNY/ton, Fujian at 15268 CNY/ton, and Sichuan at 10650 CNY/ton [1]. - FOB prices increased by 60 USD/ton [1]. Supply and Demand Dynamics - The market remains focused on demand-driven procurement, with prices declining due to weak downstream demand [1]. - Northern regions are reducing production as planned, while southern regions show low willingness to operate under current market conditions, resulting in no significant changes in overall operational status [1]. - Organic silicon monomer plants may further reduce production, leading to decreased demand for industrial silicon; however, polysilicon plants are stabilizing production levels, maintaining demand for industrial silicon [1]. - Aluminum alloy companies are purchasing based on demand, with expectations of a slight overall decrease in demand [1]. Market Sentiment - Short-term supply-demand relationships are unlikely to improve, with high industry inventory making it difficult to deplete [2]. - There is significant pressure on industrial silicon prices from above, while demand support from below remains weak, contributing to a generally pessimistic market sentiment [2]. - Prices are expected to continue fluctuating within a bottom range [2].