The Zhitong Finance App learned that, according to the Silicon Industry Branch, the industrial silicon market this week showed a pattern of “futures fluctuated in a narrow range and spot stocks continued to operate steadily”. Production cuts were gradually realized during the dry water period in the southwest, but the resumption of production capacity in the northwest was counterbalanced, and supply contraction fell short of expectations; procurement weakened after downstream polysilicon production cuts were implemented, and demand for silicone and aluminum alloys remained just right. Under a pattern where both supply and demand are weak, prices are not driven by trends, but rising electricity prices during the dry season and strong raw material prices have consolidated the bottom of costs, and the market has entered a stage of low stalemate.

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