多晶硅市场供需

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安泰科:本周多晶硅签单量较上周环比下降 预计短期内市场平稳运行
智通财经网· 2025-09-24 09:06
Core Viewpoint - The domestic polysilicon market has seen a decrease in order activity this week, with a reduction in the number of main signing companies to four, indicating a potential stabilization in the market [1]. Group 1: Market Activity - The signing volume of polysilicon has decreased week-on-week, reflecting a slowdown in market activity [1]. - The number of active polysilicon producers remains at ten, with an overall low operating rate, suggesting stable supply conditions [1]. Group 2: Pricing Trends - The transaction price range for n-type recycled material is between 49,000 to 55,000 yuan/ton, with an average price of 53,200 yuan/ton, remaining stable compared to the previous week [2]. - The transaction price for n-type granular silicon has increased by 2.02%, with an average price of 50,500 yuan/ton [2]. - The price of rod silicon has remained stable, while granular silicon prices have seen a slight increase of 1 yuan/kg, indicating a divergence in price trends between the two products [1]. Group 3: Supply and Demand Dynamics - Upstream supply continues to exceed downstream demand, leading to inventory pressure across various segments, and prices from batteries to components have not met expectations [1]. - Some downstream users of granular silicon are extending their delivery periods to ensure stable supply, reflecting a strategic move to lock in resources [1].
[安泰科]多晶硅周评- 主流签单维稳 后市预期探涨 (2025年8月27日)
中国有色金属工业协会硅业分会· 2025-08-27 10:06
Core Viewpoint - The multi-crystalline silicon market remains stable with slight price fluctuations, while supply and demand fundamentals have not significantly improved, leading to a reliance on market expectations for price increases [1]. Price Summary - The transaction price range for n-type re-investment materials is between 46,000 to 51,000 yuan/ton, with an average transaction price of 47,900 yuan/ton, remaining flat week-on-week [1][2]. - The average transaction price for n-type granular silicon is 47,000 yuan/ton, reflecting a week-on-week increase of 2.17% [1][2]. - The main order prices for rod silicon remain stable, while other small orders and granular silicon prices have increased by 1 yuan per kilogram [1]. Market Dynamics - The number of main signing enterprises in the multi-crystalline silicon market has decreased to 3-4, indicating a reduction in market activity [1]. - One new silicon material enterprise has resumed production, bringing the total number of operating multi-crystalline silicon enterprises in China to 10 [1]. - Companies are implementing self-reduction in production and controlling sales, while downstream demand for inventory has increased, contributing to a bullish sentiment in the industry [1]. Production and Supply Outlook - The expected production volume for September is around 125,000 to 130,000 tons, down from an original planned production of 140,000 tons [1]. - Silicon wafer companies are also planning to reduce their operating rates to alleviate supply-demand pressure in the silicon wafer segment [1]. - The multi-crystalline silicon sector continues to face inventory accumulation risks, indicating that the supply-demand fundamentals have not yet formed substantial improvement [1].
硅业分会:短期内多晶硅市场仍将靠成本保价,预估当前价格已逼近阶段性高点
Xin Hua Cai Jing· 2025-08-13 11:18
新华财经北京8月13日电据中国有色金属工业协会硅业分会消息,本周多晶硅n型复投料成交价格区间为 4.5-4.9万元/吨,成交均价为4.74万元/吨,周环比上涨0.42%。n型颗粒硅成交价格区间为4.4-4.5万元 /吨,成交均价为4.45万元/吨,周环比上涨0.45%。 本周多晶硅成交量环比略有减少,但签单企业数量增至6家,其中部分企业成交价格维持不变,其余企 业价格上调1元/公斤,整体均价小幅上涨。多晶硅价格维持涨势的主要原因在于:7月份多晶硅价格调 至成本线上以来,头部企业签单量相对较大,去库程度明显,个别企业甚至清库,无余量可签,故本周 头部企业成交价整体持稳,个别订单小幅上调。此外,头部企业签单饱和后,市场需求余量转至其他硅 料企业,而中部企业相对较高的成本同样对本周整体价格形成支撑。 本周在产多晶硅企业数量维持在9家,按当前排产计划,8月份国内多晶硅产量预计在12.5万吨,9月份 部分复产产线继续放量,国内产量或将继续增至14万吨左右,而同期硅片产出基本持稳,多晶硅库存将 在高位基础上累增超过5万吨,市场供需失衡的困局再次加码。为缓解供需压力,部分硅料企业正计划 协同限产。若限产落实到位,9月份产出 ...
瑞达期货多晶硅产业日报-20250624
Rui Da Qi Huo· 2025-06-24 10:22
| | | 多晶硅产业日报 2025-06-24 免责声明 化,导致库存积压,对市场价格形成明显压制。操作中长线依旧高空为主。 本报告中的信息均来源于公开可获得资料,瑞达期货股份有限公司力求准确可靠,但对这些信息的准确性及完整性不做任 何保证,据此投资,责任自负。本报告不构成个人投资建议,客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 报告版权仅为我公司所有,未经书面许可,任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发,需注明出处为 瑞达期货股份有限公司研究院,且不得对本报告进行有悖原意的引用、删节和修改。 也有减产计划。终端市场在"抢装"热潮消退后,观望情绪浓厚,采购积极性不高。预计整体而言,多晶 研究员: 王福辉 期货从业资格号F03123381 期货投资咨询从业证书号Z0019878 硅需求端面临着较大压力 。库存方面,多晶硅库存处于高位状态。硅片企业前期采购的多晶硅尚未完全消 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 主力收盘价:多晶硅(日,元/吨 ...
瑞达期货多晶硅产业日报-20250610
Rui Da Qi Huo· 2025-06-10 08:49
Report Industry Investment Rating - Not provided Core View of the Report - The polysilicon market price is temporarily stable, but the supply - side has all manufacturers operating at reduced loads, while the market's expectation of new capacity launch is increasing. Most enterprises are in the stage of losing cash - cost, and production enthusiasm is frustrated. The demand side is relatively weak, with downstream photovoltaic component production schedules and silicon wafer enterprise quotas being adjusted down, and cell manufacturers having production cut plans. Terminal market has strong wait - and - see sentiment. Overseas market demand is uncertain due to macro - economic instability and trade frictions. Polysilicon inventory is at a high level, suppressing market prices. Long - term operation should focus on short - selling [3]. Summary by Relevant Catalogs Futures Market - The closing price of the main contract of polysilicon is 33,955 yuan/ton, down 150 yuan; the main contract position is 62,708 lots, down 2,267 lots. The price difference between the 06 - 07 contracts of polysilicon is 2,825 yuan/ton, up 565 yuan; the price difference between polysilicon and industrial silicon is 26,540 yuan/ton, down 90 yuan [3]. Spot Market - The spot price of polysilicon is 36,500 yuan/ton, unchanged; the average price of cauliflower - type polysilicon is 29 yuan/kg, unchanged; the average price of dense - type polysilicon is 31.5 yuan/kg, unchanged; the average price of re - feeding polysilicon is 32.5 yuan/kg, unchanged. The weekly average price of photovoltaic - grade polysilicon is 4.28 US dollars/kg, unchanged. The basis of polysilicon is 2,545 yuan/ton, up 150 yuan [3]. Upstream Situation - The closing price of the main contract of industrial silicon is 52,919.65 yuan/ton, down 60 yuan; the export volume of industrial silicon is down 12,197.89 tons. The spot price of industrial silicon is 8,150 yuan/ton, unchanged; the import volume is 2,211.36 tons, up 71.51 tons. The monthly output of industrial silicon is 299,700 tons, down 36,050 tons; the total social inventory is 587,000 tons, down 2,000 tons [3]. Industry Situation - The monthly output of polysilicon is 96,000 tons, down 1,000 tons; the monthly import volume is 954 tons, down 1,952 tons. The weekly spot price of imported polysilicon in China is 5.01 US dollars/kg, unchanged; the monthly average import price is 2.19 US dollars/ton, down 0.14 US dollars/ton [3]. Downstream Situation - The monthly output of solar cells is 71,928,000 kilowatts, down 6,516,000 kilowatts. The average price of solar cells is 0.82 RMB/W, up 0.01 RMB/W. The monthly export volume of photovoltaic modules is down 11,583.8 units; the monthly import volume is 20,120.44 units, up 10,274.32 units; the monthly average import price is 0.29 US dollars/unit, up 0.02 US dollars/unit. The weekly comprehensive price index of the photovoltaic industry (SPI) for polysilicon is 22.29, unchanged [3]. Industry News - As of June 9, the mainstream market prices of P - type cauliflower - type polysilicon, N - type dense - type polysilicon, N - type re - feeding polysilicon, N - type granular silicon, and N - type polysilicon are all stable. The first meeting of the China - US economic and trade consultation mechanism was held in London on June 9 and continued on June 10 [3].
瑞达期货多晶硅产业日报-20250520
Rui Da Qi Huo· 2025-05-20 09:04
1. Report Industry Investment Rating - Not provided in the content 2. Core View of the Report - The polysilicon market price is temporarily stable, but the supply and demand situation is complex. On the supply side, all polysilicon manufacturers are operating at reduced loads, and the expectation of new capacity launch is increasing. Most enterprises are in the stage of losing cash - cost, and production enthusiasm is frustrated. On the demand side, the downstream photovoltaic module production schedule is synchronously reduced to 50 - 55GW, and the demand side shows an obvious marginal weakening trend. The inventory of the polysilicon industry remains high, and it is difficult to reduce inventory, putting serious pressure on the spot price. The macro - economic environment and international trade frictions also suppress overseas demand [2]. 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the main contract of polysilicon is 35,625 yuan/ton, a decrease of 1,525 yuan/ton compared with the previous period. The main contract position is 70,536 lots, an increase of 41,848 lots. The price difference between the 06 - 07 contracts of polysilicon is 1,100 yuan/ton, an increase of 225 yuan/ton. The price difference between polysilicon and industrial silicon is 27,715 yuan/ton, a decrease of 1,305 yuan/ton [2]. 3.2 Spot Market - The spot price of polysilicon is 38,000 yuan/ton, a decrease of 750 yuan/ton. The average price of polysilicon (cauliflower material) is 30.5 yuan/kg, unchanged. The basis of polysilicon is 850 yuan/ton, a decrease of 1,050 yuan/ton. The average price of polysilicon (dense material) is 33.5 yuan/kg, unchanged. The weekly average price of photovoltaic - grade polysilicon is 4.3 US dollars/kg, a decrease of 0.04 US dollars/kg. The average price of polysilicon (re - feeding material) is 34.5 yuan/kg, unchanged [2]. 3.3 Upstream Situation - The closing price of the main contract of industrial silicon is 7,910 yuan/ton, a decrease of 220 yuan/ton. The export volume of industrial silicon is 52,919.65 tons, a decrease of 12,197.89 tons. The spot price of industrial silicon is 8,950 yuan/ton, a decrease of 150 yuan/ton. The import volume of industrial silicon is 2,211.36 tons, an increase of 71.51 tons. The output of industrial silicon is 335,750 tons, an increase of 46,400 tons. The total social inventory of industrial silicon is 599,000 tons, an increase of 3,000 tons [2]. 3.4 Industry Situation - The monthly output of polysilicon is 97,000 tons, an increase of 7,000 tons. The monthly import volume of polysilicon is 2,906 tons, a decrease of 222 tons. The weekly spot price of imported polysilicon materials in China is 5.01 US dollars/kg, a decrease of 0.13 US dollars/kg. The monthly average import price of polysilicon in China is 2.19 US dollars/ton, a decrease of 0.14 US dollars/ton [2]. 3.5 Downstream Situation - The monthly output of solar cells is 78,444,000 kilowatts, an increase of 11,443,000 kilowatts. The comprehensive price index of the photovoltaic industry (SPI) for polysilicon is 22.91, a decrease of 0.62. The average price of solar cells is 0.82 RMB/W, an increase of 0.01 RMB/W. The monthly export volume of photovoltaic modules is 95,373,120 pieces, an increase of 24,038,530 pieces. The monthly import volume of photovoltaic modules is 9,846,120 pieces, a decrease of 2,122,260 pieces. The monthly average import price of photovoltaic modules is 0.27 US dollars/piece, an increase of 0.01 US dollars/piece [2]. 3.6 Industry News - As of May 19, the mainstream market prices of P - type polysilicon cauliflower material, N - type dense material, N - type re - feeding material, and N - type granular silicon are stable at 32 yuan/kg, 35.5 yuan/kg, 39 yuan/kg, and 37 yuan/kg respectively. From January to April, the social financing increment was 163.4 billion yuan, and the new loans were 100.6 billion yuan. In April, M2 increased by 8% year - on - year [2].