According to Jibang Consulting, the silicon side continues to accumulate stocks. Inventory remained above 560,000 tons this week, and the excess pressure on supply and demand has not been significantly alleviated. This week, the Hangzhou Self-Regulatory Conference pushed polysilicon companies to unify sales reserve prices. The superposition industry is expected to cut production by about 20,000 tons in October, and market price appreciation expectations have increased. However, the current silicon production schedule is still slightly higher than downstream demand. Although production cuts help ease the conflict between supply and demand, it is difficult to reverse the situation of high inventories in the short term. Sales in the silicon market were still light this week, but some companies reached orders of a certain size at a price of 40 yuan/kg or more to support the market price. As downstream crystal factories expedite consumption of their own inventory, the probability that silicon prices will stabilize increases, a high-price price system is gradually formed, and market sentiment is increasing.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.