Price trend

According to the analysis of the SunSirs’ market monitoring system, on March 20th, the reference price for the domestic silicon # 441 market was 10,870 RMB/ton. Compared with March 16th (the market price for silicon # 441 was 10,950 RMB/ton), the price decreased by 80 RMB/ton, a decrease of 0.73%.

Analysis review

From the market monitoring system of SunSirs, it can be seen that the domestic spot market for silicon # 441 has shown a weak downward trend this week. During the week, the overall performance of the silicon spot market was average, with some grades continuing to experience narrow price reductions of around 50-100 RMB/ton. Among them, the market price of silicon 441 # in Tianjin area was based on 10,500-10,800 RMB/ton, with a price reduction of about 100 RMB/ton. The market price reference for silicon 441 # in Sichuan region was 10,500-10,700 RMB/ton, with a price reduction of 100 RMB/ton. The market price reference for silicon 441 # in Huangpu Port area is 10,700~10,900 RMB/ton, with a price reduction of 100 RMB/ton.

Analysis of influencing factors

On the supply and demand side: As of March 20th, the trading atmosphere in the silicon market was light, and downstream factories mainly purchased for essential needs. At the beginning of the week, the focus of negotiations in the silicon spot market narrowly declined. During the mid week and weekend periods, there was a confrontation between demand side price suppression and supply side price increase. Some regions have a slight trend of offering discounts after increasing production, but there were also some regions where the cost pressure was low and the willingness was not strong, leading to a stalemate in the overall market operation.

Market outlook

As of March 20th, the overall structure of the silicon market has not changed much. The silicon data analyst from SunSirs believes that in the short term, the overall fluctuation of the domestic silicon market is limited, and the market may maintain a weaker consolidation operation. Specific changes in supply and demand news need to be closely monitored.

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