Price trend

According to the analysis of the SunSirs’ market monitoring system, on January 3rd, the reference price for the domestic silicon # 441 market was 11,560 RMB/ton. Compared with December 31st (the market price for silicon # 441 was 11,690 RMB/ton), the price decreased by 130 RMB/ton, a decrease of 1.11%.

From the market monitoring system of SunSirs, it can be seen that after the New Year's Day holiday, the domestic spot market for silicon continued to experience a deep decline, and the market center of gravity adjusted downward again, with a price reduction of around 50-200 RMB/ton; The spot price of silicon 441 # in East China had been lowered by 100 RMB/ton, with a reference price of 11,500~11,600 RMB/ton; The market price of silicon 441 # in Kunming area had been lowered by 150 RMB/ton, with a reference price of 11,650 RMB/ton; The market price reference for silicon 441 # in Tianjin Port area was 11,300~11,600 RMB/ton, with a price reduction of 50 RMB/ton; The market price reference for silicon 441 # in Huangpu Port area was 11,400~11,600 RMB/ton, with a price reduction of 100 RMB/ton; The market price reference for silicon 441 # in Sichuan region was 11,300~11,400 RMB/ton, with a price reduction of 50 RMB/ton; The market price reference for metallic silicon 441 # in Shanghai was 11,950 RMB/ton, with a price reduction of 100 RMB/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 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 was still some supply pressure in the market, and the supply-demand contradiction was exposed. The overall support of the silicon market was insufficient.

Market outlook

As of January 3rd, the trading atmosphere in the silicon market was relatively light. After the holiday, the overall market demand had not improved significantly, and the supply side's destocking performance was poor. There was a strong wait-and-see sentiment in the market. The silicon data analyst from SunSirs believes that in the short term, the domestic silicon market will mainly experience slight fluctuations, and specific changes in supply and demand information need to be closely monitored.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.