According to the analysis of the Business Society’s market monitoring system, on December 26th, the reference price for domestic silicon metal # 441 was 11750 yuan/ton. Compared with December 1st (silicon metal # 441 market price of 12070 yuan/ton), the price decreased by 320 yuan/ton, a decrease of 2.65%.
From the market monitoring system of Shengyi Society, it can be seen that in December, the overall domestic spot market for metal silicon 441 # showed a weak downward trend, and the spot price of metal silicon 441 # continued to approach a low level. As of December 26th, the reference market price for metal silicon 441 # in Tianjin Port area was 11650 yuan/ton, Huangpu Port area was 11650 yuan/ton, Sichuan area was 11400 yuan/ton, Kunming area was 11950 yuan/ton, and Shanghai area was 12100 yuan/ton.
Analysis of Market Factors
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 analysis in the future
At present, the overall trading atmosphere in the metal silicon market is light, with only a few large factories receiving relatively large orders recently. The overall market performance is weak. However, although demand is insufficient, some manufacturers have stated that they have fallen close to the cost line, and their willingness to continue to loosen the market is not high. The metal silicon data analyst of Shengyi Society believes that in the short term, the domestic metal silicon market will mainly be weak and operated, and specific changes in supply and demand news need to be closely monitored.
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