Price trend

In early July, the overall price of metal silicon in the market showed a weak downward trend. According to the commodity market analysis system of SunSirs, as of July 9, 2024, the reference price of 441# metal silicon in the domestic market was 12,930 RMB/ton, a decrease of 2.12% compared to early July, and a decrease of 4.08% compared to early June.

Analysis review

Supply side: Recently, the domestic price of hydrofluoric acid had weakened. The mainstream negotiated price for hydrofluoric acid in various regions in China was 10,800-11,600 RMB/ton. Some enterprises had parked their equipment and were waiting for the market, while the spot supply of hydrofluoric acid was normal.

In terms of supply: As of July 9th, with the arrival of the flood season, the resumption of work and production by silicon enterprises in various regions was gradually increasing. The overall operating rate of metal silicon plants was high, and there was a certain supply pressure on the supply side. Some silicon enterprises in certain regions had accumulated inventory, and the support provided by the supply side to the market was limited.

In terms of demand: As of July 9th, the overall performance of the downstream market for metallic silicon was weak, the digestion of raw materials on the demand side was slow, the effective market support was insufficient, and strong supply and weak demand were still evident.

Market outlook

As of July 9th, the overall performance of the metal silicon market was still weak, with a light trading atmosphere on the market. The focus of negotiations for some brands had slightly declined, and under supply pressure, some silicon companies may have maintenance plans. According to the metal silicon data analyst of SunSirs, in the short term, the domestic metal silicon market will mainly adjust in a narrow range, and the specific trend still needs to pay more attention to changes in supply and demand news.

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