Silicon Metal analysis of the SunSirs’ market monitoring system

According to the analysis of the SunSirs’ market monitoring system, on Jan. 16th, the reference price for domestic silicon metal # 441 was 11,750 RMB/ton. Compared with December 1st (silicon metal # 441 market price of 12,070 RMB/ton), the price decreased by 320 RMB/ton, a decrease of 2.65%.

Analysis review

From the market monitoring system of SunSirs, it can be seen that in December, the overall domestic spot market for silicon 441 # showed a weak downward trend, and the spot price of silicon 441 # continued to approach a low level. As of December 26th, the reference market price for silicon 441 # in Tianjin Port area was 11,650 RMB/ton, Huangpu Port area was 11,650 RMB/ton, Sichuan area was 11,400 RMB/ton, Kunming area was 11,950 RMB/ton, and Shanghai area was 12,100 RMB/ton.

In terms of supply: In December, the domestic silicon metal market continued to be in a weak supply-demand state, with some regions continuing to lower their silicon metal operating rates and a small number of manufacturers still having maintenance plans. Therefore, the overall supply of silicon metal market decreased in December.

In terms of demand: At the end of the year, the downstream demand for silicon metal showed weak performance, and the purchasing enthusiasm in the downstream market was not high, resulting in limited new orders in the market.

Market outlook

The overall trading atmosphere in the silicon market was light, with only a few large factories receiving relatively large orders recently. The overall market performance was weak. However, although demand was insufficient, some manufacturers stated that they had fallen close to the cost line, and their willingness to continue to loosen the market was not high. The silicon data analyst from SunSirs believes that in the short term, the domestic silicon market will mainly be consolidated to be weaker, and specific changes in supply and demand news need to be closely monitored.