Price trend

According to the analysis of the SunSirs’ market monitoring system, on January 9th, the reference price for domestic silicon # 441 was 11,520 RMB/ton. Compared with January 5th (silicon # 441 market price of 11,560 RMB/ton), the price decreased by 40 RMB/ton, a decrease of 0.35%. Compared with January 1st (silicon # 441 market price of 11,690 RMB/ton), the price decreased by 170 RMB/ton, a decrease of 1.45%.

Analysis review

From the market monitoring system of SunSirs, it can be seen that as we entered this week, the overall downward trend of the domestic spot market for silicon was difficult to change. The price of silicon was still hovering at a low level, and in some areas, the center of silicon continued to move towards a low level, with a price reduction of around 50-100 RMB/ton. As of January 9th, the spot price reference for metallic silicon 441 # in East China was 11,400~11,600 RMB/ton, with a price reduction of 100 RMB/ton; The market price reference for metal silicon 441 # in Kunming area was 11,500~11,600 RMB/ton, and the price was lowered by 100 RMB/ton; The market price reference for metal silicon 441 # in Huangpu Port area was 11,400-11,500 RMB/ton, with a price reduction of 100 RMB/ton; The market price reference for metal silicon 441 # in Tianjin area was 11,300~11,500 RMB/ton, with a price reduction of 50 RMB/ton.

Analysis of Market Factors

In terms of supply and demand: As of January 9th, the overall trading atmosphere in the silicon market was light, and the pace of market shipments was not active. There was some supply pressure on the supply side in some regions, and it is difficult for factories to stimulate downstream purchasing enthusiasm even if they actively shipped. As of January 9th, the downstream market's demand for purchasing silicon has weakened, and the market's destocking performance was poor. The overall transmission between supply and demand was insufficient, and the contradiction between supply and demand was more obvious.

Market outlook

As of January 9th, the market sentiment in the silicon field was still strong, and the pre holiday market stocking sentiment was poor. The mentality of the industry was average. The silicon data analyst of SunSirs believes that in the short term, the domestic silicon market will mainly adjust and operate in a narrow range, and specific changes in supply and demand information need to be paid more attention to.

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