Market game: price of silicon metal is weak and stable

441 # silicon price trend

 

Thiourea

Today, the metal silicon period is now declining, with spot prices falling by 50-100 yuan/ton. Due to insufficient downstream consumption and weak supply and demand, silicon prices are under pressure. In the futures market, at the initial stage of listing, many contracts of industrial silicon fell by the limit, and the market became more bearish.

 

On the 26th, the price of 441 # silicon in various regions was as follows:

 

The price range of # 441 silicon metal in Huangpu Port area is 19100-19400 yuan/ton, with an average price of 19250 yuan/ton; The price range of # 441 silicon metal in Tianjin Port is 19000-19300 yuan/ton, with an average price of 19150 yuan/ton; The price range of # 441 silicon metal in Kunming is 19000-19200 yuan/ton, with an average of 19100 yuan/ton; The price range of # 441 silicon metal in Sichuan is 18800-19000 yuan/ton, with an average of 18900 yuan/ton; The price range of # 441 silicon metal in Shanghai is 19800-20000 yuan/ton, with an average price of 19900 yuan/ton.

 

Factors Affecting the Declining Price of Silicon Metal

Supply:

This week, the number of metal silicon furnaces has increased significantly. It is understood that the total number of metal silicon furnaces is 702. As of December 23, the metal silicon furnace opening rate is about 52.56%, 136 in Xinjiang, 44 in Sichuan and 65 in Yunnan. The newly invested capacity in Xinjiang has been fulfilled successively, with a large increase in output on a month on month basis and an increase of 31 units on a week on month basis, which can basically cover the production reduction and excess in the southwest region.

 

Demand:

 

The mainstream price of polysilicon is between 265 and 280 thousand yuan/ton. The supply of polysilicon is abundant, and the manufacturer gradually accumulates the stock. The unit operating rate of silicon material enterprises is still at a high level, and the possibility of continued price reduction will not be ruled out in the later period; The price of aluminum alloy ADC12 fell by 100 yuan/ton, and the mainstream quotation was 18900 yuan/ton. Many aluminum alloy enterprises have plans to take holidays in advance. As of the Spring Festival, the expected operating rate will gradually decline, and the level of metal silicon stock is not high; Today’s silicone DMC market ran down in a narrow range. The quotation reference was 16,700 yuan/ton, down 1.07% from the previous trading day. After periodic replenishment last week, the downstream market of silicone began to cool down. In the short term, the price of silicone was mainly weak and stable.

 

Future market forecast

 

In general, the terminal demand did not recover significantly, the supply side was at a relatively high level, and the short-term silicon metal market remained weak and stable. At the initial stage of listing, the market is still playing games to find a reasonable price range.

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