Price trend

According to the analysis of the SunSirs’ market monitoring system, on April 10th, the reference price for the domestic silicon # 441 market was 10,690 RMB/ton. Compared with April 6th (the market price for silicon # 441 was 10,760 RMB/ton), the price decreased by 70 RMB/ton, a decrease of 0.65%.

From the market monitoring system of SunSirs, it can be seen that the domestic spot market for silicon # 441 has shown an overall downward trend this week. During the week, the overall silicon market lacked effective support, and the price center of spot markets for multiple regions and brands adjusted downwards, with a reduction of around 50-100 RMB/ton. As of April 10th, the reference market price for silicon 441 in East China was 10,500-10,600 RMB/ton, and the reference market price for silicon 441 # in Tianjin was 10,300-10,500 RMB/ton. The market price reference for silicon 441 # in Sichuan region was 10,400~10,600 RMB/ton. The market price reference for silicon 441 # in Huangpu Port area was 10,500~10,700 RMB/ton.

Analysis review

Supply side: As of April 10th, the overall operating rate of metallic silicon in Xinjiang has been reduced, with a weekly operating rate of around 66%. The reduction in operating rates in Xinjiang was mainly affected by the overall production capacity reduction. The operating rate of metallic silicon in the northwest region was around 78%, and there has been a slight decrease in the operating rate within the week. Affected by the current overall reduction in the operating rate of silicon, the overall supply side of silicon in China was weak, and the support provided by the supply side to the market was insufficient.

On the demand side: As of April 10th, the downstream demand for metallic silicon was generally boosted, and demand transmission was slow, resulting in a weak overall inquiry atmosphere in the market.

Market outlook

As of April 10th, the supply and demand fundamentals of silicon were loose, and the improvement on the demand side wa slow. The support for supply and demand in the market was weak. The silicon data analyst from SunSirs predicts that in the short term, the market price of silicon will maintain a bottom range oscillation, and specific changes in supply and demand news need to be closely monitored.

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