SunSirs: The Spot Market for Silicon #441 Has Been Experiencing Weak Declines in Recent Times
December 03 2024 16:14:14 SunSirs (John)
Price trend
According to the analysis of the SunSirs’ market monitoring system, on December 3rd, the reference price for the domestic silicon # 441 market was 12,070 RMB/ton. Compared with November 23rd (the market price for silicon # 441 was 12120 RMB/ton), the price decreased by 50 RMB/ton, a decrease of 0.41%; Compared to November 1st, it was basically unchanged. Compared with October 1st (market price of 11,960 RMB/ton for silicon # 441), the price has increased by 110 RMB/ton, a rise of 0.92%.
Analysis review
From the market monitoring system of SunSirs, it can be seen that at the end of November, the domestic spot market for silicon 441# was slightly weak and declining. At the beginning of November, the spot market for silicon experienced a slight upward trend, with overall production declining to support a slight increase in the spot market. However, the downstream demand side showed caution, and the transmission between supply and demand was average. The market lacked sustained upward momentum, and subsequently the silicon market remained stable and stable. As the end of the month approached, the spot market for silicon #441 experienced a slight decline due to the cold weather, and the overall market situation returned to the level at the beginning of the month. Among them, the market price of silicon #441 in Sichuan region decreased by 50 RMB/ton, with a reference price of 11,500~11,600 RMB/ton. The market price of metal silicon 441 # in Huangpu Port area had been lowered by 50 RMB/ton, with a reference price of 12,000-12,100 RMB/ton. Subsequently, the overall spot market remained stable and entered December.
Market outlook
At present, the overall trading atmosphere in the domestic silicon market is relatively quiet. With the overall expectation of on-site construction continuing to decline, the pressure on the silicon supply side is controllable. Although the transmission performance between supply and demand is still average, it will be able to maintain weak stability. The silicon data analyst from SunSirs believes that in the short term, the domestic silicon market will mainly operate with large stability and small movements, and specific changes in supply and demand news need to be monitored.
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
