Operating rates remain high in Sichuan and Yunnan, while some small factories in Xinjiang have reduced production [SMM Silicon Metal Weekly Survey]

According to the SMM survey, the weekly output of sampled silicon enterprises in Xinjiang (accounting for 76% of capacity) was 39,687 mt, with a weekly operating rate of 82%, largely stable WoW. Large silicon enterprises in Xinjiang generally maintained high operating levels. Small silicon enterprises in Xinjiang faced significant production pressure, with some small silicon enterprises inside and outside the sample reducing production. However, due to the output boost from leading silicon enterprises, the overall operating rate of sampled silicon enterprises in Xinjiang remained largely stable.

The weekly output of sampled silicon enterprises in Yunnan (accounting for 30% of capacity) was 8,350 mt, with a weekly operating rate of 98%, largely stable WoW. The sampled silicon enterprises in Yunnan generally maintained full production, with operating rates remaining high. Currently, most silicon enterprises in Yunnan are focused on fulfilling futures orders, with relatively light inventory pressure. However, due to limited order delivery periods, some silicon enterprises indicated that they might shut down furnaces earlier after completing order deliveries this year.

The weekly output of sampled silicon enterprises in Sichuan (accounting for 32% of capacity) was 5,545 mt, with a weekly operating rate of 85%, largely stable WoW. Some silicon enterprises in Sichuan within the sample slightly reduced production, but overall, the operating rates of silicon enterprises in Sichuan remained largely stable and at high levels. Standard silicon enterprises within the sample, constrained by low spot prices, were reluctant to sell at a loss. Some silicon enterprises expressed a willingness to stockpile and wait for silicon prices to recover before selling again.