As downstream large orders were released, in-plant inventory in Xinjiang decreased [SMM Silicon Metal Weekly Survey]

According to the SMM survey, the weekly production of silicon companies in Xinjiang (accounting for 76% of capacity) was 39,760 mt, with a weekly operating rate of 82%, remaining basically flat WoW. The overall operating rate of silicon companies in Xinjiang remained at a high level. The inventory of sample silicon companies showed a decrease, mainly due to the release of large orders from downstream polysilicon and silicone in the past 7-10 days. Leading companies signed orders smoothly, and based on the available inventory and in-plant inventory, the in-plant inventory in Xinjiang decreased significantly last week.

The weekly production of silicon companies in Yunnan (accounting for 30% of capacity) was 8,400 mt, with a weekly operating rate of 99%, remaining basically flat WoW. The sample silicon companies maintained full production, and the operating rate remained high. Although the willingness to sign spot orders was not high last week, silicon companies in Yunnan mainly focused on fulfilling futures orders, and the overall inventory showed little fluctuation.

The weekly production of silicon companies in Sichuan (accounting for 32% of capacity) was 5,075 mt, with a weekly operating rate dropping WoW to 77%. The overall operating rate in Sichuan decreased last week, with some silicon companies in Leshan reducing production due to power rationing. The affected companies reported no plans for production resumption for the reduced capacity. Additionally, some sample silicon companies completed their previous futures orders and completely shut down after fulfilling last week's orders due to the sluggish spot silicon metal market, with no plans for production resumption.