Price trend
According to the analysis of the SunSirs’ market monitoring system, on October 25th, the reference price for the domestic # 441 market was 12,020 RMB/ton. Compared with October 1st (the market price for silicon # 441 was 11,960 RMB/ton), the price had increased by 60 RMB/ton, a rise of 0.50%.
Analysis review
From the market monitoring system of SunSirs, it can be seen that since October, the overall market situation of domestic silicon # 441 has shown a slight increase and remained stable. In the first ten days, the market for silicon # 441 experienced a narrow upward trend, with prices in the domestic markets of Tianjin Port and Huangpu Port adjusted upwards by 100-150 RMB/ton. As of October 15th, the reference price for the domestic silicon # 441 market was around 11,900-12,200 RMB/ton. In late October, the spot market for silicon # 441 remained stable overall, with little fluctuation in the market conditions.
In terms of supply side: As of October 25th, the supply of silicon enterprises in Inner Mongolia, Ningxia, Shaanxi, and Shandong regions was relatively stable, while Yunnan region mainly delivered early-stage orders, and the overall prices on the supply side were relatively low and stable.
On the demand side: As of October 25th, the overall purchasing volume of metal silicon downstream was limited, and downstream purchases were cautious, with a strong wait-and-see attitude. The overall market recovery from the demand side was average.
Market outlook
As of October 25th, the overall fundamental information of the metal silicon market had not changed much, and the transmission between supply and demand of metal silicon was still weak. The overall market still lacked effective support. The metal silicon data analyst of SunSirs believes that in the short term, the domestic metal silicon market will mainly adjust and operate within a narrow range, and the specific trend still needs to pay more attention to the changes in supply and demand information.
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