Yunnan Silicon Enterprises' Operating Rate Slightly Declined This Week; Sichuan and Yunnan Operating Rates Were Lower Than the Same Period in Previous Years [SMM Silicon Metal Weekly Survey]

According to the SMM survey, the weekly production of sample silicon enterprises in Xinjiang (accounting for 76% of capacity) was 39,840 mt, with a weekly operating rate of 82%, remaining basically flat WoW. The operating rate of sample silicon enterprises in Xinjiang remained high, while some non-sample silicon enterprises that had previously reduced production did not have production resumption plans recently. Small silicon enterprises still maintained a low operating rate, and the overall operating rate in Xinjiang was still driven up by leading silicon enterprises.

The weekly production of sample silicon enterprises in Yunnan (accounting for 30% of capacity) was 7,940 mt, with a weekly operating rate of 93%, slightly declining WoW. Some sample silicon enterprises in Yunnan reduced production this week. Entering mid-September, some silicon enterprises in Yunnan indicated that futures orders might be delivered by the end of this month to the end of October. Many silicon enterprises reported plans to shut down furnaces after completing order deliveries by the end of October.

The weekly production of sample silicon enterprises in Sichuan (accounting for 32% of capacity) was 4,590 mt, with a weekly operating rate of 70%, remaining basically flat WoW. The operating rate of sample silicon enterprises in Sichuan remained stable this week. Recently, the overall operating rate of silicon enterprises in Sichuan was lower than the same period in previous years. Due to market conditions, silicon enterprises shut down furnaces and reduced production earlier than usual, with no subsequent production resumption plans. Most operating silicon enterprises reported weak downstream demand and mediocre order performance this week.