According to the analysis of the Business Society’s market monitoring system, on September 25th, the reference price for the domestic market of silicon metal # 441 was 9720 yuan/ton. Compared with September 1st (the market price of silicon metal # 441 was 9360 yuan/ton), the price has increased by 360 yuan/ton, an increase of 3.63%.
In terms of market conditions, “Golden September” is still good, and the metal silicon market is stable and rising
From the commodity market analysis system of Shengyi Society, it can be seen that since September, the overall domestic silicon metal market has shown a stable and upward trend. The overall focus of the market is moving upwards. As of September 26th, the reference price for metal silicon 441 # in East China is 9600-9800 yuan/ton, in Kunming it is 9700-9900 yuan/ton, in Tianjin it is 9600-9800 yuan/ton, in East China it is 9400-9600 yuan/ton, and in Xinjiang it is 8900-9100 yuan/ton.
Analysis of Market Factors
In terms of cost: On the eve of the Double Festival, the price of raw material silicon coal remained strong, providing increased cost support for metallic silicon.
On the demand side: With the upcoming Double Festival, downstream users are gradually stocking up before the holiday, and the overall market mentality is good. The good expectation of demand side improvement is driving the market situation steadily upward.
On the supply side: In September, the overall operating capacity of silicon metal was relatively stable compared to August, and the overall silicon metal production continued to increase. Therefore, there is some supply pressure on the supply side. However, Yunnan and Sichuan regions are about to enter a dry season, and electricity prices will rise. In addition, there are expectations of continued increases in silicon and coal prices, and supply side shipments are still mainly driven by rising prices, providing impetus for the upward trend of the market.
Market analysis in the future
At present, the inquiry atmosphere in the metal silicon market is mild, and there is still a slight game between supply and demand. The transmission of supply and demand is in a tight balance state. The metal silicon data analyst of Business Society predicts that after the holiday, the metal silicon market will mainly stabilize and operate, and more attention should be paid to changes in cost and supply and demand in the later stage.
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