According to the analysis of the Business Society’s market monitoring system, on January 3rd, the reference price for the domestic silicon metal # 441 market was 11560 yuan/ton. Compared with December 31st (the market price for silicon metal # 441 was 11690 yuan/ton), the price decreased by 130 yuan/ton, a decrease of 1.11%.
From the market monitoring system of Shengyi Society, it can be seen that after the New Year’s Day holiday, the domestic spot market for silicon metal continued to experience a deep decline, and the market center of gravity adjusted downward again, with a price reduction of around 50-200 yuan/ton; The spot price of metallic silicon 441 # in East China has been lowered by 100 yuan, with a reference price of 11500~11600 yuan/ton; The market price of metal silicon 441 # in Kunming area has been lowered by 150 yuan/ton, with a reference price of 11650 yuan/ton; The market price reference for metal silicon 441 # in Tianjin Port area is 11300~11600 yuan/ton, with a price reduction of 50 yuan/ton; The market price reference for metal silicon 441 # in Huangpu Port area is 11400~11600 yuan/ton, with a price reduction of 100 yuan/ton; The market price reference for metal silicon 441 # in Sichuan region is 11300~11400 yuan/ton, with a price reduction of 50 yuan/ton; The market price reference for metallic silicon 441 # in Shanghai is 11950 yuan/ton, with a price reduction of 100 yuan/ton.
Analysis of Market Factors
Supply side: After the holiday, downstream procurement demand was not fully released, and there were fewer new orders in the market. The overall operating rate of the silicon metal market still slightly decreased, and the overall operating rate of the market was at a low level throughout the year. Among them, the operating rate in Yunnan was around 45%, the operating rate in Xinjiang was around 60%, and the operating rate in Sichuan was close to 13% due to high electricity prices during the dry season and sluggish market conditions. However, due to the drag of demand, there is still some supply pressure in the market, and the supply-demand contradiction is exposed. The overall support of the silicon metal market is insufficient.
Market Price Trends of Metal Silicon
Region/ Brand number/ January 3rd
East China region/ Without oxygen 553 #/ 10900~11100 yuan/ton
East China region/ Oxygen 553 #/ 11300~11400 yuan/ton
East China region/ 521 #./11600~11800 yuan/ton
East China region/ 441 #./11500~11600 yuan/ton
East China region/ 421 #./11700~12000 yuan/ton
Huangpu Port area/ Without oxygen 553 #/ 11200~11300 yuan/ton
Huangpu Port area/ Oxygen 553 #/ 10900~11100 yuan/ton
Huangpu Port area/ 441 #./11400~11600 yuan/ton
Kunming area/ Without oxygen 553 #/ 11000~11100 yuan/ton
Kunming area/ Oxygen 553 #/ 11200~11300 yuan/ton
Kunming area/ 441 #./11600~11700 yuan/ton
Market analysis in the future
At present, the trading atmosphere in the metal silicon market is relatively light. After the holiday, the overall market demand has not improved significantly, and the supply side’s destocking performance is poor. There is a strong wait-and-see sentiment in the market. The metal silicon data analyst from Shengyi Society believes that in the short term, the domestic metal silicon market will mainly experience slight fluctuations, and specific changes in supply and demand information need to be closely monitored.
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