SunSirs: This Week, the Spot Market for Silicon #441 Was Consolidating (February 17-21)
February 24 2025 11:22:47 SunSirs (John)
Price trend
According to the analysis of the SunSirs’ market monitoring system, on February 21st, the domestic market price of silicon metal #441 was based on 11,220 RMB/ton, which was basically the same as February 1st. Compared with January 1st (the market price of silicon metal # 441 was 11,690 RMB/ton), the price decreased by 470 RMB/ton, a decrease of 4.02%.
From the market monitoring system of SunSirs, it can be seen that this week (2.17-2.21), the domestic spot market for silicon metal # 441 was mainly in consolidation and operation. During the week, the overall volatility of the spot market for silicon metal 441 # was not significant, and the market performance was relatively stable. During the week, other silicon metal grades such as 553, 552, 421 experienced a narrow downward trend in market conditions. As of February 21st, in the East China region of China, the reference price for silicon 441 # was around 11,100~11,300 RMB/ton, in the Kunming region it was around 11,300~11,500 RMB/ton, in the Huangpu Port region it was around 11,100~11,300 RMB/ton, and in the Tianjin region it was around 11,000~11,100 RMB/ton.
Analysis of Market Factors
On the supply side: As of February 21st, although the market price of silicon 441 # was temporarily stable, some grades in the silicon market have loosened their prices this week, which had a certain impact on the mentality of the market. There was a small-scale destocking in the market, and there was still some pressure on the overall supply side.
In terms of demand: As of February 21st, downstream demand for silicon was mainly driven by rigid procurement, with average on-site transactions and limited market support from the demand side.
Market outlook
As of February 21st, the trading atmosphere in the silicon market was mild, and the supply and demand transmission was weak and constant. The silicon data analyst of SunSirs predicts that in the short term, the domestic silicon market will mainly adjust and operate in a narrow range, and specific changes in supply and demand news need to be closely monitored.
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