[安泰科]多晶硅周评-供需双弱格局延续 价格持稳共识坚定（2025年11月26日）

Group 1 - The core viewpoint of the article indicates that the polysilicon market is experiencing a weak supply and demand situation, with stable pricing despite reduced purchasing needs from downstream silicon wafer producers [1][2]. - The average transaction price for n-type polysilicon is reported at 53,200 yuan/ton, with a price range of 49,000 to 55,000 yuan/ton, showing no change from the previous week [1][3]. - The transaction price for n-type granular silicon is reported at 50,500 yuan/ton, with a range of 50,000 to 51,000 yuan/ton, also remaining stable week-on-week [1][3]. Group 2 - The supply side is characterized by a significant reduction in production from leading companies, which has led to a contraction in supply, thereby supporting price stability [2][1]. - Despite the reduction in production from the silicon wafer segment, downstream companies maintain their purchasing plans, particularly for granular silicon, which provides a bottom support for prices [1][2]. - The consensus within the industry is that price instability could harm the entire supply chain, leading to a collective effort to maintain stable pricing [2][1].