【安泰科】工业硅周评—市场情绪悲观 价格小幅下跌（2025年5月14日）

Core Viewpoint - The industrial silicon market is experiencing a slight decline in spot prices, with a mixed sentiment in trading and a stable supply-demand dynamic [1][2] Group 1: Price Trends - The main contract price fluctuated between 8315 CNY/ton and 8490 CNY/ton, with a weekly increase of 2.10% [1] - The national average price decreased by 193 CNY/ton to 9276 CNY/ton, with specific grades showing varied declines: 553 grade at 9027 CNY/ton, 441 grade at 9520 CNY/ton, and 421 grade at 9928 CNY/ton [1] - FOB prices remained stable despite the fluctuations in domestic prices [1] Group 2: Supply Dynamics - Southern regions saw a slight increase in operating rates, while northern regions maintained stable operations with minimal reductions from large plants [1] - Overall supply changes were limited, indicating a balanced supply situation [1] Group 3: Demand Factors - There was a slight increase in demand for industrial silicon due to the completion of maintenance at some organic silicon monomer plants [1] - Demand from polysilicon plants remained stable, while aluminum alloy companies continued to purchase industrial silicon as needed [1] - The overall trend indicates a slight increase in demand from the three major downstream sectors [1] Group 4: Market Sentiment - The market atmosphere for industrial silicon transactions was described as subdued, with downstream buyers adopting a cautious approach [1] - Despite a rise in the main contract price, spot prices continued to decline due to insufficient demand momentum and ongoing inventory pressure [2] - Short-term expectations suggest that spot prices will remain in a bottoming-out phase [2]