SMM

In October, the actual domestic production of polysilicon increased slightly by about 1% MoM from September, with the increase very limited. The main growth came from a slight increase in granular polysilicon production and the trial production of new capacity by Tongwei. In November, due to production cuts in Sichuan and Yunnan, domestic polysilicon production is expected to decline significantly by 8.6%. Additionally, a base in Inner Mongolia will also slightly reduce production.