According to the SMM survey, the weekly production of silicon enterprises in Xinjiang (accounting for 79% of capacity) was 42,040 mt, with a weekly operating rate of 87%, flat WoW. In-plant inventory decreased WoW. The operating rate of silicon enterprises in Xinjiang remained basically stable, and the inventory of top-tier enterprises further declined due to the signing of large orders recently. Stimulated by favorable policy news from the PV industry, the futures market for silicon metal was strong, with the SI2412 contract exceeding 13,200 yuan/mt at its peak during the week. Most silicon enterprises in Xinjiang are currently focusing on futures and spot orders.
The weekly production of silicon enterprises in Yunnan (accounting for 30% of capacity) was 7,555 mt, with a weekly operating rate of 89%, flat WoW. The operating rate of sample silicon enterprises remained stable during the week, while some non-sample silicon enterprises reduced production. Some silicon enterprises plan to partially reduce production by the end of October, and combined with cost support, the current sentiment to stand firm on quotes is strong.
The weekly production of silicon enterprises in Sichuan (accounting for 32% of capacity) was 4,285 mt, with a weekly operating rate of 65%, down WoW. Last week, some sample silicon enterprises in Sichuan reduced production, and some non-sample silicon enterprises also reduced production. In November, Sichuan will enter the transitional period from the dry season to the rainy season, and comprehensive electricity prices are expected to increase by 6-8 cents per kWh. However, some silicon enterprises reported that due to local requirements, there is a certain probability of partial capacity resumption in November, but the willingness of enterprises to produce is generally low.
