According to the analysis of the Business Society’s market monitoring system, on May 21st, the reference price for the domestic silicon metal # 441 market was 9210 yuan/ton. Compared with May 16th (the market price for silicon metal # 441 was 9480 yuan/ton), the price decreased by 270 yuan/ton, a decrease of 2.85%.
From the market monitoring system of Shengyi Society, it can be seen that this week (5.16-5.21), the overall domestic spot market for silicon metal # 441 has once again been weak and declining. Entering this week, the decline in spot prices of silicon metal has not stopped, and the focus of silicon metal negotiations is at a low level. As of May 21st, the reference market price for silicon metal 441 in Kunming is around 9500-9800 yuan/ton, and the reference market price for silicon metal 441 # in Tianjin is around 8800-9100 yuan/ton. The market price reference for metallic silicon 441 # in Sichuan region is around 8900-9000 yuan/ton. The market price reference for metallic silicon 441 # in Shanghai is around 9500-9600 yuan/ton.
Fundamental situation: Currently, the overall operating rate of the silicon metal market is still low, and silicon companies face significant production pressure. Downstream demand is cautious, and on-demand procurement is the main focus. The supply and demand of silicon metal are slow, and the market support is weak.
Market analysis in the future
At present, the trading atmosphere in the metal silicon market is still light, and the mentality of industry players is average, with a strong wait-and-see attitude. The metal silicon data analyst from Shengyi Society predicts that in the short term, the domestic metal silicon market will mainly operate in a range, and specific changes in supply and demand news need to be closely monitored.
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