Group 1 - Guangzhou has been selected as a pilot city for national data infrastructure construction, promoting the "Guangzhou Plan" at the 2025 China International Big Data Industry Expo [1] - The plan integrates local characteristics and aims to create a "three-port" model (data port, air port, sea port) to facilitate data flow and innovation in cross-domain applications [1] - The initiative supports cross-border trade facilitation and green supply chain collaboration through standardized integration and secure data circulation [1] Group 2 - Guangzhou has made initial progress in exploring data circulation and utilization around the "data port," "air port," and "sea port" [2] - The city has aggregated 75.2 billion public data entries, with a daily exchange volume of 294 million entries, and over 80 ecosystem participants [2] - Future plans include addressing common challenges in data usage and circulation, with a focus on becoming a benchmark for data infrastructure in the Guangdong-Hong Kong-Macao Greater Bay Area [2]

Core Viewpoint - Guangzhou has been selected as a pilot city for national data infrastructure, showcasing the "Guangzhou Plan" at the 2025 China International Big Data Industry Expo and receiving the pilot task book from the national authorities [1][7]. Group 1: Pilot Project and Framework - The selection as a pilot for national data infrastructure is based on the integration of "three ports" concept, with "data port" as the core hub for data circulation, complemented by "air port" and "sea port" for specialized data [1][5]. - The project aims to establish a benchmark for data infrastructure in the Guangdong-Hong Kong-Macao Greater Bay Area [1]. Group 2: Technical Validation and Collaboration - Guangzhou has completed key technical validations for cross-domain data circulation and has participated in national interoperability tests, achieving verification of high-speed network capabilities and completing 40 test items [3][4]. - Collaborations with various regions and companies, including Hebei, Wenzhou, and China Unicom, have been established to test cross-domain interoperability and validate the feasibility of the "Guangzhou Plan" [3][4]. Group 3: Data Resource Integration and Achievements - The "data port" has aggregated 75.2 billion public data entries, with a daily exchange volume of 294 million entries, involving over 80 ecosystem participants and creating 87 data products [6]. - The "air port" has integrated data from 12 entities, processing approximately 1.81 million data entries and establishing a trusted data space for transportation [6]. - The "sea port" has launched 287 service projects, processing over 150 million data entries and serving nearly 60,000 individual users, with over 250,000 queries [6]. Group 4: Future Directions - Guangzhou will focus on addressing common challenges in data utilization and circulation, accelerating the implementation of data infrastructure construction as per national directives [7].

Group 1 - The core viewpoint emphasizes China's commitment to digital transformation, leveraging opportunities in digitalization, networking, and intelligence during the 14th Five-Year Plan period [1] - As of June 2023, China has established a leading position in digital infrastructure, with 4.55 million 5G base stations and 226 million gigabit broadband users, ranking second globally in total computing power [1] - The number of internet users in China has reached 1.123 billion, with an internet penetration rate of 79.7%, indicating a significant expansion of digital services [2] Group 2 - Digital services have become more accessible, with over 1 billion people using electronic social security cards, covering more than 75% of the population [2] - The national internet hospitals have served over 100 million people annually, and the cross-province medical insurance settlement has benefited 560 million instances [2] - The digital education platform in China is the largest globally, and digital elderly care services have seen positive outcomes with the launch of a national elderly care information platform [2] Group 3 - Social governance has become more precise and efficient, with the "one network for all services" initiative enhancing public service accessibility and inter-departmental data sharing [3] - The national data bureau aims to leverage data elements to promote digital transformation in public services, digital life, and social governance [3] Group 4 - Data application scenarios are expanding, with 70 demonstration scenarios covering key sectors such as agriculture and healthcare [4] - The construction of high-quality data sets has exceeded 35,000, with ongoing efforts to enhance data resource management and utilization [5][6] Group 5 - The data market is evolving, with a 70% year-on-year increase in new data products launched in the first half of the year, totaling 3,328 products [7] - The supply of high-quality data sets in the artificial intelligence sector has surged by 280% year-on-year [7] - The national data infrastructure construction is in its early stages, focusing on high-quality standards and large-scale deployment to support digital economy development [8]

Core Insights - Data is recognized as a new production factor and is crucial for developing new productive forces, with significant achievements in building a digital China during the 14th Five-Year Plan period [1] Group 1: Digital Infrastructure Development - Digital infrastructure has seen substantial growth, with the number of 5G base stations increasing fivefold to 4.55 million by June 2025 compared to 2020, and gigabit broadband users growing 34 times to 226 million [2] - The total computing power ranks second globally, supporting economic and social development [2] - A unified standard and technical framework is being established to facilitate large-scale data circulation across different industries and regions [2][3] - By the end of this year, the number of node cities is expected to expand to around 50, covering 80% of provinces, laying the foundation for large-scale cross-regional data circulation [2] Group 2: Data Utilization and Industry Impact - Over 2,000 entities, including data exchanges and developers, have engaged in data infrastructure construction, supporting over a hundred application scenarios and launching nearly 10,000 data products [3] - The digital economy's operational efficiency and innovation capabilities are expected to significantly improve, accelerating the digitalization, networking, and intelligence processes [3] - By the end of 2024, software revenue is projected to grow by 80% compared to 2020, and the added value of the electronic information manufacturing industry is expected to increase by over 70% [4] Group 3: Data Market Development - China is the first country to recognize data as a production factor, and the establishment of a unified data market is essential for its development [6] - In the first half of this year, data trading institutions launched 3,328 new data products, a 70% increase year-on-year, with a notable 2.8-fold increase in high-quality datasets in the AI sector [7] - The cumulative transaction value of high-quality datasets reached nearly 4 billion yuan, with a total scale of 246 petabytes [7] - The government aims to accelerate the cultivation of a national integrated data market to contribute to high-quality development [8]

1. Report Industry Investment Rating - No information provided in the report 2. Report's Core View - Macroscopically, the state is increasing investment in long - term data infrastructure construction. For industrial silicon, on the supply side, Yunnan and Sichuan are entering the wet season, with an advantage in electricity price cost. Last week, production increased slightly and capacity utilization began to rise, and large enterprises are ramping up production. On the demand side, the downstream of industrial silicon is mainly in the organic silicon, polysilicon, and aluminum alloy fields. Organic silicon may see a slight increase in production this week, which is partly positive for industrial silicon. Polysilicon mainstream enterprises are reducing production, and demand for industrial silicon is declining. The aluminum alloy sector has some demand support but is in passive inventory reduction and hard to drive demand. Overall, the total demand for industrial silicon from the three downstream industries shows a flat trend. There is a decline in the number of industrial silicon warehouse receipts, which brings great delivery pressure to the market. It is recommended to maintain a high - short strategy for the medium - to - long term [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the main contract is 7,470 yuan/ton, up 45 yuan; the main contract's open interest is 310,357 lots, down 7,406 lots; the net position of the top 20 is - 58,335 lots, down 12,874 lots; the Guangzhou Futures Exchange warehouse receipts are 55,620 lots; the spread between the July - August contracts is 35 yuan, down 5 yuan [2] 3.2现货市场 - The average price of oxygen - ventilated 553 silicon is 8,150 yuan/ton, unchanged; the average price of 421 silicon is 8,700 yuan/ton, unchanged; the basis of the Si main contract is 680 yuan/ton, down 45 yuan; the DMC spot price is 10,880 yuan/ton, unchanged [2] 3.3 Upstream Situation - The average price of silica is 410 yuan/ton, unchanged; the average price of petroleum coke is 1,590 yuan/ton, unchanged; the average price of clean coal is 1,850 yuan/ton, unchanged; the average price of wood chips is 540 yuan/ton, unchanged; the ex - factory price of graphite electrodes (400mm) is 12,250 yuan/ton, unchanged [2] 3.4 Industry Situation - Industrial silicon production in the month is 299,700 tons, down 36,050 tons; industrial silicon social inventory in the week is 587,000 tons, down 2,000 tons; industrial silicon imports in the month are 52,919.65 tons, up 2,211.36 tons; industrial silicon exports in the month are 71.51 tons, down 12,197.89 tons [2] 3.5 Downstream Situation - The weekly output of organic silicon DMC is 43,600 tons, up 4,900 tons; the overseas market price of photovoltaic - grade polysilicon is 15.75 US dollars/kg, unchanged; the average price of aluminum alloy ADC12 in the Yangtze River spot is 20,200 yuan/ton, unchanged; the weekly average price of photovoltaic - grade polysilicon is 4.28 US dollars/kg, unchanged; the monthly export volume of unforged aluminum alloy is 16,555.02 tons, down 1,621.87 tons; the weekly operating rate of organic silicon DMC is 66.28%, up 7.61 percentage points; the monthly output of aluminum alloy is 20,187.85 tons, down 12.7 tons; the monthly export volume of aluminum alloy is down 337.93 tons [2] 3.6 Industry News - During the 18th (2025) International Solar Photovoltaic and Smart Energy & Energy Storage and Battery Technology and Equipment (Shanghai) Conference and Exhibition (SNEC), the chairman of Chint New Energy predicted this year's photovoltaic installation demand [2]

1. Report Industry Investment Rating - Not provided in the report 2. Core Viewpoint of the Report - The total demand for industrial silicon from its three major downstream industries shows a flat trend. The supply side in Yunnan, Sichuan and other places is entering the wet season with cost - advantage in electricity prices, and large enterprises are ramping up production. For the demand side, organic silicon may see a slight increase in production this week, which is partially positive for industrial silicon; the polysilicon sector has reduced production and lower demand for industrial silicon; the aluminum alloy sector has demand support but is in passive de - stocking and difficult to drive demand. The large number of industrial silicon warehouse receipts has brought great delivery pressure to the market, and a long - term high - selling strategy is recommended [2] 3. Summary by Related Catalogs 3.1 Futures Market - The closing price of the main contract is 7370 yuan/ton, the main contract position is 323363 lots, and the net position of the top 20 is - 42302 lots. The Guangzhou Futures Exchange warehouse receipts are 56823 lots, and the price difference between the 7 - 8 month contracts is 35 [2] 3.2 Spot Market - The average price of oxygen - passing 553 silicon is 8150 yuan/ton, and the average price of 421 silicon is 8700 yuan/ton. The Si main contract basis is 780 yuan/ton, and the DMC spot price is 11120 yuan/ton [2] 3.3 Upstream Situation - The average price of silica is 410 yuan/ton, the average price of petroleum coke is 1570 yuan/ton, the average price of clean coal is 1850 yuan/ton, the average price of wood chips is 540 yuan/ton, and the ex - factory price of graphite electrodes (400mm) is 12250 yuan/ton [2] 3.4 Industry Situation - Industrial silicon monthly output is 299700 tons, and the weekly social inventory is 58.7 tons, a decrease of 0.2 tons. The monthly import volume is 2211.36 tons, and the monthly export volume is 52919.65 tons, a decrease of 12197.89 tons [2] 3.5 Downstream Situation - The weekly output of organic silicon DMC is 43600 tons, the average price of aluminum alloy ADC12 in the Yangtze River spot is 20200 yuan/ton, the overseas market price of photovoltaic - grade polysilicon is 15.75 US dollars/kg, the monthly export volume of unforged aluminum alloy is 16555.02 tons, the weekly operating rate of organic silicon DMC is 66.28%, an increase of 7.61%. The monthly output of aluminum alloy is 1.528 million tons, and the monthly export volume is 20187.85 tons, a decrease of 337.93 tons [2] 3.6 Industry News - On the evening of June 11, Hesheng Silicon Industry's application for publicly issuing corporate bonds to professional investors in 2025 was accepted by the Shanghai Stock Exchange. Macroscopically, the state is increasing investment in long - term data infrastructure construction. In the industrial silicon sector, the supply side in Yunnan and Sichuan is entering the wet season, with increased production last week and rising capacity utilization [2]

1. Report Industry Investment Rating - No information provided 2. Core Viewpoints of the Report - The overall demand for industrial silicon from its three major downstream industries is on a downward trend. The large number of warehouse receipts has brought significant delivery pressure to the futures market. Although the futures price rose today and the number of call options continued to increase, considering the upcoming contract change of the short - term 07 contract and the subsequent rebound due to closing positions, a medium - to - long - term short - selling strategy is recommended [2]. 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the main contract is 7,560 yuan/ton, the main contract position is 155,627 lots (a decrease of 21,965 lots), the net position of the top 20 is - 11,934 lots, and the Guangzhou Futures Exchange warehouse receipts are 59,252 lots (a decrease of 927 lots). The price difference between the July - August contracts is 5 [2]. 3.2 Spot Market - The average price of oxygen - passing 553 silicon is 8,150 yuan/ton, the average price of 421 silicon is 8,700 yuan/ton, the basis of the Si main contract is - 145 yuan/ton, and the DMC spot price is 11,120 yuan/ton (a decrease of 120 yuan/ton) [2]. 3.3 Upstream Situation - The average price of silica is 410 yuan/ton, the average price of petroleum coke is 1,760 yuan/ton, the average price of clean coal is 1,850 yuan/ton, the average price of wood chips is 540 yuan/ton, and the ex - factory price of graphite electrodes (400mm) is 12,250 yuan/ton [2]. 3.4 Industry Situation - The monthly output of industrial silicon is 299,700 tons (a decrease of 36,050 tons), the weekly social inventory of industrial silicon is 587,000 tons (a decrease of 2,000 tons), the monthly import volume of industrial silicon is 2,211.36 tons, and the monthly export volume is 52,919.65 tons (a decrease of 12,197.89 tons) [2]. 3.5 Downstream Situation - The weekly output of organic silicon DMC is 38,700 tons (a decrease of 200 tons), the average price of aluminum alloy ADC12 in the Yangtze River spot market is 20,200 yuan/ton, the weekly average price of photovoltaic - grade polysilicon is 15.75 US dollars/kg, the overseas market price of photovoltaic - grade polysilicon is 4.28 US dollars/kg, the monthly export volume of unforged aluminum alloy is 16,555.02 tons (a decrease of 1,621.87 tons), the weekly operating rate of organic silicon DMC is 58.67% (a decrease of 0.53%), the monthly output of aluminum alloy is 1.528 million tons (a decrease of 127,000 tons), and the monthly export volume of aluminum alloy is 20,187.85 tons (a decrease of 337.93 tons) [2]. 3.6 Industry News - In 2024, Hesheng Silicon Industry achieved an operating income of 26.692 billion yuan, a year - on - year increase of 0.41%, and a net profit attributable to the parent company's shareholders of 1.74 billion yuan, a year - on - year decrease of 33.6%. In the first quarter of this year, affected by the decline in the prices of core products, the overall performance of Hesheng Silicon Industry decreased compared with the same period, but it remained profitable [2]. 3.7 Supply - Side Analysis - As the wet season approaches, Yunnan, Sichuan and other places are gradually entering the wet season, showing an advantage in electricity price costs. However, judging from the operating rate and output data, the south - western region has no intention to resume work. Although the output has increased slightly, it is still at a low level [2]. 3.8 Downstream Industry Analysis - **Organic Silicon**: The spot price of the organic silicon market remained flat. Enterprises adopted a production - cut strategy to support prices, achieving some results, but production cuts will drag down the demand for industrial silicon [2]. - **Polysilicon**: Currently, mainstream enterprises are cutting production, and the industry as a whole is operating at a reduced load, leading to a decline in the demand for industrial silicon. The prices of downstream silicon wafers and solar cells have started to decline, and further polysilicon production cuts are expected, which will also drag down the demand for industrial silicon [2]. - **Aluminum Alloy**: There is some demand support from the terminal consumer electronics and automotive industries, but enterprises mostly replenish inventory as needed. Inventory has increased, prices have weakened, and the industry is in a state of passive de - stocking, with limited ability to drive the demand for industrial silicon [2].

Report Summary 1. Industry Investment Rating - Not provided in the report. 2. Core Viewpoint - Although the production of industrial silicon has increased slightly, it remains at a relatively low level. The downstream of industrial silicon is mainly concentrated in the fields of organic silicon, polysilicon, and aluminum alloy. In the organic silicon sector, the spot price of the organic silicon market has risen, and enterprises have adopted a production - reduction strategy to support prices, which has achieved initial results but has a negative impact on industrial silicon. In the polysilicon segment, mainstream enterprises are currently reducing production, and the overall industry is operating at a reduced load, leading to a decline in the demand for industrial silicon, which is expected to further decrease after the 530 - node. In the aluminum alloy field, there is some demand support from the terminal consumer electronics and automotive industries, but enterprises mainly replenish inventory as needed, with inventory increasing, prices remaining flat, and the industry in a passive de - stocking phase, providing little impetus. Overall, the total demand for industrial silicon from the three major downstream industries shows a downward trend. The large number of warehouse receipts exerts significant delivery pressure on the market. It is recommended to pay attention to short - term rebound opportunities in the market, and maintain a high - selling strategy for medium - and long - term operations [2]. 3. Summary by Directory 3.1 Futures Market - The closing price of the main contract is 7,135 yuan/ton, a decrease of 145 yuan; the main contract position is 183,965 lots, an increase of 3,637 lots; the net position of the top 20 is - 25,752 lots, a decrease of 5,692 lots; the Guangzhou Futures Exchange warehouse receipts are 61,803 lots, a decrease of 887 lots; the price difference between the July - August contracts is - 10 yuan, an increase of 5 yuan [2]. 3.2 Spot Market - The average price of oxygen - permeable 553 silicon is 8,150 yuan/ton, unchanged; the average price of 421 silicon is 8,800 yuan/ton, a decrease of 50 yuan; the basis of the Si main contract is 1,015 yuan/ton, an increase of 145 yuan; the DMC spot price is 11,740 yuan/ton, unchanged [2]. 3.3 Upstream Situation - The average price of silica is 410 yuan/ton, unchanged; the average price of petroleum coke is 1,760 yuan/ton, unchanged; the average price of clean coal is 1,850 yuan/ton, unchanged; the average price of wood chips is 540 yuan/ton, unchanged; the ex - factory price of graphite electrodes (400mm) is 12,250 yuan/ton, unchanged [2]. 3.4 Industry Situation - The monthly production of industrial silicon is 299,700 tons, a decrease of 36,050 tons; the weekly social inventory of industrial silicon is 582,000 tons, a decrease of 17,000 tons; the monthly import volume of industrial silicon is 2,211.36 tons, an increase of 71.51 tons; the monthly export volume of industrial silicon is 52,919.65 tons, a decrease of 12,197.89 tons [2]. 3.5 Downstream Situation - The weekly production of organic silicon DMC is 38,900 tons, a decrease of 100 tons; the average price of aluminum alloy ADC12 in the Yangtze River spot market is 20,400 yuan/ton, unchanged; the overseas market price of photovoltaic - grade polysilicon is 15.75 US dollars/kg; the weekly average spot price of photovoltaic - grade polysilicon is 4.28 US dollars/kg, a decrease of 0.01 US dollars/kg; the monthly export volume of unforged aluminum alloy is 16,555.02 tons, a decrease of 1,621.87 tons; the weekly operating rate of organic silicon DMC is 59.2%, a decrease of 0.11 percentage points; the monthly production of aluminum alloy is 1.528 million tons, a decrease of 127,000 tons; the monthly export volume of aluminum alloy is 20,187.85 tons, a decrease of 337.93 tons [2]. 3.6 Industry News - As of the end of May, the price of dense materials, which had been relatively stable, declined rapidly, with the average transaction price dropping by 10% in a single month to 36 yuan/kg, down 7.7% from the end of last year and the beginning of this year, 11.1% lower than the same period last year, and 44.6% lower than the beginning of last year. The state is increasing investment in long - term data infrastructure construction. From the supply side, as the wet season approaches, Yunnan, Sichuan and other places are gradually entering the wet season, showing an advantage in electricity price costs. However, based on the operating rate and production data, there is currently no intention to resume production in the southwest region [2].

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core Viewpoints - With the approaching of the wet season, Yunnan, Sichuan and other regions are gradually entering the wet season, showing the advantage of electricity price cost. However, the southwest region has no intention to resume work, and the production is still at a low level despite a slight increase [2]. - The downstream of industrial silicon is mainly concentrated in the fields of organic silicon, polysilicon and aluminum alloy. The overall demand of the three downstream industries for industrial silicon shows a downward trend, making it difficult to strongly boost the market [2]. - As of now, the number of industrial silicon warehouse receipts has declined, and the large number of warehouse receipts has brought huge delivery pressure to the market. It is recommended to maintain a short - selling mindset for medium - and long - term operations [2]. 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the main contract is 7440 yuan/ton, down 170 yuan; the main contract position is 227,207 lots, up 20,995 lots; the net position of the top 20 is - 17,624 lots, up 3,319 lots; the Guangzhou Futures Exchange warehouse receipt is 64,626 lots, down 287 lots; the price difference between the July - August contracts is - 35 yuan, unchanged [2]. 3.2 Spot Market - The average price of oxygen - passing 553 silicon is 8500 yuan/ton, down 100 yuan; the average price of 421 silicon is 9250 yuan/ton, down 150 yuan; the basis of the Si main contract is 1060 yuan/ton, up 70 yuan; the DMC spot price is 11,740 yuan/ton, unchanged [2]. 3.3 Upstream Situation - The average price of silica is 410 yuan/ton, the average price of petroleum coke is 1930 yuan/ton, the average price of clean coal is 1850 yuan/ton, the average price of wood chips is 540 yuan/ton, and the ex - factory price of graphite electrodes (400mm) is 12,250 yuan/ton, all unchanged [2]. 3.4 Industry Situation - The monthly output of industrial silicon is 335,750 tons, up 46,400 tons; the weekly social inventory of industrial silicon is 582,000 tons, down 17,000 tons; the monthly import volume of industrial silicon is 2,211.36 tons, up 71.51 tons; the monthly export volume of industrial silicon is 52,919.65 tons, down 12,197.89 tons [2]. 3.5 Downstream Situation - The weekly output of organic silicon DMC is 39,000 tons, down 200 tons; the average price of aluminum alloy ADC12 in the Yangtze River spot is 20,500 yuan/ton, unchanged; the weekly average price of photovoltaic - grade polysilicon is 4.29 US dollars/kg, down 0.01 US dollars/kg; the overseas market price of photovoltaic - grade polysilicon is 15.75 US dollars/kg, unchanged; the monthly export volume of unforged aluminum alloy is 18,176.9 tons, up 691.08 tons; the weekly operating rate of organic silicon DMC is 59.31%, down 0.26 percentage points; the monthly output of aluminum alloy is 1.655 million tons, up 103,000 tons; the monthly export volume of aluminum alloy is 20,187.85 tons, down 337.93 tons [2]. 3.6 Industry News - On May 26, Longi Green Energy announced that Li Zhenguo applied to resign as the company's director, general manager and legal representative on May 23, 2025, and will focus on R & D and technology management. The company's board of directors agreed to appoint Zhong Baoshen as the general manager and legal representative [2]. - The state is increasing investment in long - term data infrastructure construction. In terms of industrial silicon, from the supply side, with the approaching of the wet season, Yunnan and Sichuan are gradually entering the wet season, showing the advantage of electricity price cost, but the southwest region has no intention to resume work [2].

Group 1: Report Industry Investment Rating - Not provided Group 2: Core Viewpoints - The total demand for industrial silicon from the three major downstream industries is showing a downward trend, making it difficult to strongly drive the market. The large number of warehouse receipts has brought significant delivery pressure to the market, severely suppressing price increases. Overall, supply is at a low level, demand is decreasing, and inventory remains high. For medium - and long - term operations, a short - selling approach is recommended [2] Group 3: Summary by Directory Futures Market - The closing price of the main contract is 7910 yuan/ton, a decrease of 220 yuan; the main contract position is 155038 lots, an increase of 16616 lots; the net position of the top 20 is - 20598 lots, an increase of 1868 lots; the Guangzhou Futures Exchange warehouse receipts are 66249 lots, an increase of 152 lots; the price difference between the July - August contracts is - 30 yuan, an increase of 5 yuan [2] Spot Market - The average price of oxygen - passing 553 silicon is 8800 yuan/ton, a decrease of 150 yuan; the average price of 421 silicon is 9700 yuan/ton, a decrease of 150 yuan; the basis of the Si main contract is 890 yuan/ton, an increase of 70 yuan; the DMC spot price is 11680 yuan/ton, unchanged [2] Upstream Situation - The average price of silica is 410 yuan/ton, unchanged; the average price of petroleum coke is 1930 yuan/ton, unchanged; the average price of clean coal is 1850 yuan/ton, unchanged; the average price of wood chips is 540 yuan/ton; the ex - factory price of graphite electrodes (400mm) is 12250 yuan/ton, unchanged [2] Industry Situation - Industrial silicon monthly output is 335750 tons, an increase of 46400 tons; industrial silicon social inventory is 59.9 tons (weekly), an increase of 0.3 tons; industrial silicon monthly import volume is 2211.36 tons, an increase of 71.51 tons; industrial silicon monthly export volume is 52919.65 tons, a decrease of 12197.89 tons [2] Downstream Situation - The weekly output of organic silicon DMC is 3.92 tons, a decrease of 0.03 tons; the average price of aluminum alloy ADC12 in the Yangtze River spot is 20500 yuan/ton, unchanged; the overseas price of photovoltaic - grade polysilicon is 15.75 US dollars/kg; the weekly average price of photovoltaic - grade polysilicon is 4.3 US dollars/kg, a decrease of 0.04 US dollars/kg; the monthly export volume of unforged aluminum alloy is 18176.9 tons, an increase of 691.08 tons; the weekly operating rate of organic silicon DMC is 59.57%, a decrease of 0.48%; the monthly output of aluminum alloy is 165.5 tons, an increase of 10.3 tons; the monthly export volume of aluminum alloy is 20187.85 tons, a decrease of 337.93 tons [2] Industry News - On May 12, 2025, Red Sun New Energy officially signed an agreement with a Nigerian group for the construction of a 600MW photovoltaic module factory in Kano State. It is the first local photovoltaic module production line in Nigeria and an important practice of Chinese enterprises promoting African energy transformation through technology output. The state is increasing investment in long - term data infrastructure construction. As the wet season approaches in Yunnan and Sichuan, the electricity price cost advantage is emerging, stimulating the resumption of production of local industrial silicon enterprises [2]