Report Industry Investment Rating - Not provided in the content Core Viewpoints - The upward momentum of industrial silicon and polysilicon prices is insufficient. The industrial silicon market may enter a consolidation phase in the short - term, and the polysilicon market may experience short - term adjustments [1]. Summaries by Related Content Price Changes - Industrial silicon: The average price of non - oxygenated 553 (East China) increased by 1.68% to 9,100 yuan/ton, and the average price of 421 (East China) increased by 1.58% to 9,650 yuan/ton. The futures main contract closing price decreased by 0.57% to 8,695 yuan/ton [1]. - Polysilicon: N - type dense material decreased by 2.20% to 44.5 yuan/kg, N - type re - feeding material decreased by 1.60% to 46 yuan/kg, N - type mixed material decreased by 1.14% to 43.5 yuan/kg, and N - type granular silicon remained flat at 43 yuan/kg. The futures main contract closing price decreased by 4.05% to 43,850 yuan/ton [1]. - Other products: Some silicon wafer prices decreased significantly, while battery and component prices remained mostly unchanged. Organic silicon prices showed slight changes, with DMC increasing by 0.46% to 10,850 yuan/ton [1]. Market Fundamentals - Industrial silicon supply: Northern large - scale factories have production cuts with no resumption news, and the southwest production area is about to enter the wet season with a slow resumption of production. After offsetting the increase and decrease, the supply may decrease [1]. - Industrial silicon demand: Polysilicon enterprises maintain production cuts, with some planned to resume production in July. The organic silicon industry has strong intentions to cut production to support prices, but demand is weak. Silicon - aluminum alloy enterprises purchase as needed, and the overall downstream willingness to stock up at low levels is insufficient [1]. - Polysilicon supply: Silicon material enterprises maintain production cuts, with some new capacity to be put into operation. After offsetting, the output is expected to increase slightly, approaching 110,000 tons in July [1]. - Polysilicon demand: The photovoltaic market is weak, with rising inventories of silicon wafers and silicon materials. Although the trading atmosphere has improved, the terminal market is still weak due to the over - drawn demand in the first half of the year [1]. Industry News - Shanxi Province Energy Bureau plans to abolish 352,052 kilowatts of new energy projects, including photovoltaic and wind power projects, to optimize grid access and resource allocation [1]. - Ningxia Hui Autonomous Region Development and Reform Commission abolished 449.3 MW of new energy projects in 9 projects to optimize resource allocation and improve project construction quality and efficiency [1].