According to the analysis of the Business Society’s market monitoring system, on June 26th, the reference price for the domestic silicon metal # 441 market was 8620 yuan/ton. Compared to June 1st (the market price for silicon metal # 441 was 8780 yuan/ton), the price decreased by 160 yuan/ton, a decrease of 1.82%.
From the Commodity Market Analysis System of Shengyi Society, it can be seen that since June, the domestic spot market for silicon metal # 441 has shown an overall trend of first falling and then stabilizing. In the first ten days of June, after the Dragon Boat Festival, the spot market of metal silicon # 441 was running in a weak and downward direction. The downstream demand was slowly boosted, and the focus of market negotiation was adjusted downward. In mid to late June, the overall stability and consolidation of the spot market for silicon metal # 441 was the main trend, with little fluctuation in the spot market and a slight supply-demand stalemate. As of June 26th, the market price of silicon metal # 441 in East China was around 8400-8600 yuan/ton, while the market price of silicon metal # 553 without oxygen was around 8000-8300 yuan/ton. The market price of silicon metal # 441 in Kunming was around 8900-9100 yuan/ton. The market price reference for metallic silicon 441 # in Tianjin area is around 8200-8400 yuan/ton.
Fundamental information
In terms of supply and output: In June, the overall output and supply of the silicon metal market increased compared to May, with large factories gradually increasing production, mainly from Xinjiang and Southwest regions.
In terms of inventory: As of June 20th, the social inventory of silicon metal in major regions was about 560000 tons, a decrease of about 13000 tons compared to the previous week.
In terms of demand: Currently, downstream demand for metallic silicon is generally cautious, and downstream procurement is mainly focused on rigid demand procurement.
Market analysis in the future
At present, the overall trading atmosphere in the metal silicon market is light and mild, and the transmission between supply and demand is relatively loose. The metal silicon data analyst from Shengyi Society predicts that in the short term, the domestic metal silicon market will mainly adjust and operate in a narrow range, and specific changes in supply and demand news need to be closely monitored.
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