this paper analyses the supply and demand situation in the domestic polycrystal silicon market from october to november 2023. data show that the production of polycrystal silicon reached 10,950 million tons in october, that the corresponding demand for silicon in silicon tablet production increased to about 9.38 million tons during the same period, and that industrial stocks increased to about 587,000 tons, but the accumulation rate has slowed significantly; production is expected to fall back to 84,000 tons in november, while demand has fallen slightly to about 90.0 million tons, and supply and demand relations are expected to shift from easing to balancing. the current portfolio is low and prices are stable overall: n-turn