Silicon Industry Branch: It is expected that two leading polycrystalline silicon companies will reduce production and perform maintenance within this month.

On November 5th, according to the Silicon Industry Association, the overall domestic polysilicon market continued to be weak and stable this week, with a slight increase in trading activity. The number of mainstream signing companies increased to 6, and the order transaction volume slightly increased compared to the previous period. According to the statistics of the Silicon Industry Association, there are currently 11 polysilicon companies in production in China, with two top companies expected to reduce production and undergo maintenance this month, significantly impacting the total domestic supply, with a projected decrease of 12.4% in total production compared to the previous period. Despite the supply contraction, the polysilicon market is still in a state of oversupply compared to downstream demand. Overall, the current supply and demand fundamentals of the polysilicon market remain weak, with high industry inventories and subdued end-demand limiting price increases. It is expected that in the short term, the market will continue to maintain a weak and stable operating pattern, supported by the implementation of production reductions and policy expectations.