The metal silicon market is consolidating in early September

According to the analysis of the Business Society’s market monitoring system, on September 10th, the domestic market price of silicon metal # 441 was based on 11980 yuan/ton, which was basically the same as September 1st. Compared with August 1st (the market price of silicon metal # 441 was 12100 yuan/ton), the price decreased by 120 yuan/ton, a decrease of 0.99%.

 

According to the Business Society Market Analysis System, as we enter September, the domestic silicon metal market is generally stable and consolidating. At the end of August, the overall silicon metal market experienced a slight recovery. As we entered September, the market’s upward trend slowed down, and the spot market overall showed a stable and orderly operation. Market prices remained at the level after the August price adjustment. Currently, the market mainly delivers early orders. As of September 9th, the domestic market price reference for metal silicon 441 is around 11800-12300 yuan/ton.

 

In terms of supply and demand: Currently, the overall supply of the silicon metal market is still loose, and the downstream demand for silicon metal is generally average. The transmission of supply and demand is relatively slow. After a slight rise in the silicon metal market, there is still a certain wait-and-see attitude in the downstream, mainly digesting the previous inventory, and being cautious in new orders, mostly for essential orders.

 

In terms of production: According to incomplete statistics, in the first week of September (9.2-9.8), the weekly production rate of metal silicon in Yunnan region was around 95%, with a weekly output of around 8050 tons. The weekly operating rate slightly decreased compared to the previous week, and the inventory in the metal silicon plant area slightly increased compared to the previous week. The operating rate of metallic silicon in Xinjiang region is around 82%, with a weekly output of around 39800 tons. The operating rate is basically stable, and the inventory in the factory area has slightly increased. The weekly production of metallic silicon in Sichuan region is around 4590 tons, and the weekly operating rate is around 70%, with a slight decrease in operating rate compared to the weekly cycle.

 

Market Price Trends of Metal Silicon

 

Brand region September 10th

553 (without oxygen)/ East China region/ Around 11400~11500 yuan/ton

553 (oxygen supply./) East China region/ Around 11700~11800 yuan/ton

441./Kunming area/ Around 12100~12300 yuan/ton

421./Huangpu Port/ Around 12000~12300 yuan/ton

Market analysis in the future

 

At present, the overall momentum of the metal silicon spot market is slightly insufficient after the rise, and the trading atmosphere in the market is relatively light, with average trading volume and a stalemate in overall trading. The metal silicon data analyst from Shengyi Society believes that in the short term, the domestic metal silicon market will mainly adjust and operate within a certain range, and the specific trend needs to pay more attention to changes in supply and demand news.

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