Price trend

According to the analysis of the SunSirs’ market monitoring system, on March 13th, the reference market price for domestic silicon #441 was 10,980 RMB/ton. Compared with March 7th (market price of silicon #441 was 11,110 RMB/ton), the price decreased by 130 RMB/ton, a decrease of 1.17%.

Analysis review

From the market monitoring system of SunSirs, it can be seen that this week, the domestic spot market for silicon #441 has been weakly declining. At the beginning of the week, the overall market situation remained stable, with occasional price reductions for certain brands in some regions. By the middle of the week, many regions and brands of silicon in China have adjusted downwards. Among them, the market price of silicon 441 # in Tianjin was based on 10,700-10,900 RMB/ton, with a price reduction of 100 RMB/ton. The market price reference for silicon 441# in Sichuan region was 10,600-10,800 RMB/ton, with a price reduction of 100 RMB/ton. The market price reference for silicon 441# in Huangpu Port area was 10,900~11,000 RMB/ton, with a price reduction of 100 RMB/ton.

Analysis of influencing factors

In terms of supply and demand: As of March 13th, the overall atmosphere of the silicon metal market was relatively pessimistic. On the demand side, downstream users were cautious in their demands, with low enthusiasm for inquiries and a predominance of new orders driven by urgent needs. On the supply side, as of March 13th, silicon companies have both increased and decreased production, but there has been a certain increase in overall supply. Overall, the increase in supply was greater than the increase in demand, putting pressure on the transmission of supply and demand.

In terms of raw materials: This week, the silica market has been operating steadily, with a relatively loose supply side and average demand area polarity. As of March 13th, the ex factory price of high-grade silica ore in Jiangxi was around 430-460 RMB/ton. The ex factory price of high-grade silica ore in Inner Mongolia was around 350-380 RMB/ton. The ex factory price of high-grade silica ore in Hubei was around 400-450 RMB/ton.

Market outlook

As of March 13th, the overall trading atmosphere in the silicon market was light, and the mentality of industry players was average. Downstream demand was gradually recovering. The metal silicon data analyst from SunSirs believes that in the short term, the domestic metal silicon market will mainly adjust and operate within a certain range, and more attention should be paid to changes in supply and demand news.

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