According to the analysis of the Business Society’s market monitoring system, on October 17th, the reference price for the domestic market of silicon metal # 441 was 9680 yuan/ton, and on October 12th (the market price of silicon metal # 441 was 9700 yuan/ton), the price decreased by 20 yuan/ton, a decrease of 0.21%.
This week, some brands in the domestic silicon metal market have been declining
From the commodity market analysis system of Shengyi Society, it can be seen that this week, the domestic silicon metal market as a whole showed a narrow downward trend, and the market prices of some grades of silicon metal in some regions were narrowly lowered, with an overall decrease of around 50-100 yuan/ton. As of October 17th, the market price of metal silicon # 441 in Huangpu Port area is reference to 9600-9800 yuan/ton, with a decrease of 50 yuan/ton during the week. The market price of metal silicon # 441 in Tianjin Port area is reference to 9400-9700 yuan/ton, with a decrease of 50 yuan/ton during the week. The market price of metal silicon # 553 in East China area is reference to around 9300-9400 yuan/ton, with a decrease of 50 yuan/ton during the week. The market price of oxygen 553 # in Xinjiang area is reference to around 8600-8900 yuan/ton, with a decrease of 100 yuan/ton during the week.
Analysis of Market Factors
On the supply side: Currently, the supply and demand game in the silicon metal market is more evident, and the supply and demand game stimulates narrow fluctuations in market prices. In terms of supply, currently, the operating rate of the silicon industry in Xinjiang continues to increase, and the overall operating rate in Xinjiang is expected to climb to a high point this year. The operating rates in the northwest and Yunnan regions remain stable, while silicon companies in Sichuan have started to reduce production slightly. The operating rate in Sichuan has decreased narrowly, and the overall market supply has continued to increase.
On the demand side: Currently, the demand for metallic silicon is showing some weakness, with an increase in downstream organic silicon plant maintenance and a decline in overall production. The demand for industrial silicon raw materials will be loosened, and although the overall production of polycrystalline silicon will continue to rise narrowly, the purchasing mentality for raw materials is cautious. The downstream aluminum alloy industry has stable production and demand. But with a slight increase in overall inventory in the market, the overall support provided by demand is limited.
Market analysis in the future
At present, the supply and demand transmission of metal silicon is relatively slow, and the regional differentiation characteristics of the metal silicon market are more obvious. The southwest region is gradually reducing production, while the northwest region continues to increase production. The overall supply pressure and demand drag game in the market continue. The metal silicon data analyst of Business Society predicts that in the short term, the domestic metal silicon market will mainly adjust and operate within a narrow range, and specific changes in supply and demand news need to be paid more attention to.
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