1. Product name: Silicon Metal (441#)

2. Latest price (November 26, 2019): 11,858.33RMB/tonon

The price of silicon metal (441#) in each region was as follows:

The price range of metal silicon in Fujian was 11,300-11,400RMB/tonon, in Sichuan was 11,600-11,800RMB/tonon, in Kunming was 11,600-11,800RMB/tonon, in Shanghai was 12,400-12,600RMB/tonon, in Tianjin port was 11,900-12,000RMB/tonon, in Huangpu port was 11,900-12,000RMB/ton.

3. Key points of analysis: Due to the drought in Sichuan and Yunnan, the ore in Xinjiang is tense, and the silicon price in the early stage is low. Some high-cost silicon plants cut production and shut down. The industrial operation rate has moved down, and the domestic silicon production has moved down. According to relevant data, the total silicon production in China from January to October 2019 was 1.86 million tons, a year-on-year decrease of 19%.

Since August, the silicon price has rebounded to the bottom, with an obvious upward trend. On the one hand, there are many price cuts in the early stage, and the cost factor has become the leading factor, and domestic manufacturers have strong willingness to stand up for the price; on the other hand, the effect of the dry season is obvious, and the silicon plant is expected to reduce production more intensively, and the market has some feedback.

On the demand side, domestic aluminum alloy industry, organosilicon industry and polysilicon industry are mainly in urgent need of procurement, with more early-stage procurement; the export is relatively flat, according to the customs data, China's metal silicon export volume in October was 51,300 tons, down 18.8% on a month-on-month basis, down 28.8% on a year-on-year basis.

4. Future forecast: the overall supply will move down, and the focus will be on the change of downstream demand. It is expected that the short-term operation of silicon will be mainly strong.

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