Price trend

According to the analysis of the SunSirs’ market monitoring system, on April 16th, the reference price for the domestic silicon #441 market was 10,490 RMB/ton. Compared with April 1st (the market price for silicon #441 was 10,760 RMB/ton), the price decreased by 270 RMB/ton, a decrease of 2.51%.

From the market monitoring system of SunSirs, it can be seen that in early April, the overall domestic spot market for silicon #441 showed a weak downward trend. The focus of negotiations in the spot market for multiple grades of silicon continued to move towards lower levels. In the first ten days, the cumulative decline in the spot market for silicon was around 200-400 RMB/ton. As of April 16th, the reference market price for silicon #441 in East China was 10,200-10,400 RMB/ton, and the reference market price for silicon #441 in Tianjin was 10,100-10,300 RMB/ton. The market price reference for silicon #441 in Sichuan region was 10,200~10,300 RMB/ton. The market price reference for silicon #441 in Huangpu Port area was 10,200~10,500 RMB/ton.

Analysis of influencing factors

In terms of supply and demand: As of April 16th, the overall supply and demand performance of the silicon market was weak. Due to poor demand performance, the overall production capacity construction of industrial silicon in the north has led to a reduction in supply, while some silicon enterprises in the southwest have resumed production in a small scale, resulting in a slight increase in supply. However, with the reduction in demand in the north, the overall supply has decreased. The downstream transactions of silicon were cautious, with a strong wait-and-see attitude towards stocking up, and purchases were mainly for essential needs. The transmission between supply and demand in the silicon market was slow.

Market outlook

As of April 16th, the overall trading and inquiry atmosphere in the silicon market was light, and the mentality of industry players was average. There was a certain level of concern in the market. The silicon data analyst from SunSirs predicts that in the short term, the domestic silicon market will mainly focus on weaker consolidation and operation, and specific changes in supply and demand information need to be closely monitored.

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