[Silicon Industry Branch: Polysilicon trading continues to be light this week and production cuts are gradually advancing] On September 16, China Nonferrous Metals Industry Association Silicon Industry Branch reported that the domestic polysilicon market continued to wait and see this week, and the public quotation system of various companies has not yet been restored. In the context of the industry's promotion of supply-side optimization and adjustment, some companies have begun to make arrangements to reduce production burdens based on their own actual conditions. Downstream procurement is still mainly based on rigid demand, and the overall trading volume is basically the same as last week. The reference range of polysilicon transaction prices this week remained at 40-43 yuan/kg. The actual number of orders signed is still small, and the spot circulation in the market remains low. A small number of transactions are completed through OEM and dual distribution methods. Direct spot transactions are rare, and the price game continues. According to statistics from the Silicon Industry Branch, there were seven active companies with polysilicon production capacity of more than 100,000 tons/year in August. The total output of these seven companies was 110,400 tons, accounting for 92.9% of the total domestic production, and the operating rate was 52.7%. The total output of enterprises with an annual production capacity of 50,000 to 90,000 tons is 4,600 tons, accounting for 3.9% of the total domestic output, and the operating rate is 25.1%. As various companies' production adjustment plans are gradually implemented, the supply-side contraction is expected to increase, but the recovery of terminal demand during the peak season still needs to be observed. In the later period, we need to pay attention to changes in the actual start-up of enterprises, the verification effect of spot transactions on prices, and the driving effect of the "Golden Nine and Silver Ten" terminal installation rhythm on the market.