Institution: This week, the expected shrinkage of polysilicon supply, market trends remain stable.

According to the statistics of Antaike, the transaction price range of n-type polysilicon recycled materials this week is 49,000-55,000 yuan/ton, with an average transaction price of 53,200 yuan/ton, remaining unchanged from the previous period. The transaction price range of n-type polysilicon granules is 50,000-51,000 yuan/ton, with an average transaction price of 50,500 yuan/ton, remaining unchanged from the previous period. This week, the overall domestic polysilicon market continued to be weak and stable, with a slight increase in trading activity. The number of mainstream signing companies increased to 6, and the order transaction volume increased slightly compared to the previous period. The current price remains stable, mainly relying on the expected production reduction on the supply side and potential policy support. The expectation of supply contraction has intensified, with the domestic polysilicon production plan for November reduced to less than 120,000 tons, mainly affected by the increase in electricity costs during the dry season in southwestern China. In addition, at the policy level, the new national standard for energy consumption limits for polysilicon and germanium unit products has entered the stage of soliciting opinions. It is expected that after the formal implementation of this standard, it will become a powerful tool to promote capacity reduction and industry upgrading.