According to the analysis of SunSirs market monitoring system, on August 12th, the reference price for the domestic silicon metal # 441 market was 12020 RMB/ton. Compared to August 1st (the market price for silicon metal # 441 was 12100 RMB/ton), the price decreased by 80 RMB/ton, a decrease of 0.66%.

According to the market analysis system of SunSirs, the domestic silicon metal market remained stable and consolidated in the first week of August. After a continuous decline in the previous market, the market finally stopped falling and stabilized in August. However, the market situation has not been calm for several days. Due to poor supply and demand transmission in the market, the silicon market has once again fallen, and silicon prices in many regions have been lowered by 50-100 RMB/ton. As of August 12th, the market price reference for metal silicon 441 is around 11800-12450 RMB/ton.

In terms of inventory

Currently, domestic silicon inventory is about 481000 tons, an increase of 5000 tons from the beginning of the month. The overall performance of silicon destocking is average, and inventory supply is loose.

On the supply side: Currently, the silicon supply side is still loose, and the supply side is under pressure, providing limited support to the silicon market.

In terms of production: In July 2024, the silicon market entered a period of abundant water, and the on-site production gradually increased. In July, the domestic gold silicon production was about 487000 tons. In August, due to downstream demand constraints, some silicon factories reduced their production, and the overall silicon output is expected to decrease compared to July, but the overall capacity utilization rate is still high.

Downstream

Recently, the silicon downstream organic silicon DMC market has experienced a narrow rebound. Currently, the organic silicon DMC market mainly digests early-stage raw materials, and the demand for silicon has not increased much. It remains to be seen whether the future market can bring a slight increase in demand to the silicon market.

The overall operating rate of the downstream polycrystalline silicon market has slightly decreased, and the demand for silicon has also slightly decreased. The downstream metallurgical market is operating at a low level, and there has been no significant boost in demand for silicon, with a focus on on-demand procurement. Therefore, since August, the overall demand performance of the silicon market has been poor, providing insufficient support for the silicon market.

Market analysis in the future

At present, there is a strong wait-and-see sentiment in the silicon trading market, and industry players are cautious. The transmission between supply and demand is still relatively slow. The silicon data analyst from SunSirs believes that in the short term, the domestic silicon market is mainly characterized by narrow adjustments, and the specific trend still needs to pay more attention to changes in supply and demand news.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.