According to the analysis of the Business Society’s market monitoring system, on November 8th, the reference price for the domestic silicon metal # 441 market was 12120 yuan/ton. Compared with November 3rd (silicon metal # 441 market price of 12070 yuan/ton), the price has increased by 50 yuan/ton, an increase of 0.41%; Compared with October 1st (market price of 11960 yuan/ton for silicon metal # 441), the price has increased by 160 yuan/ton, a 1.34% increase.
From the monitoring system of Shengyi Society, it can be seen that this week (11.3-11.8), the overall market price of domestic silicon metal # 441 showed a slight increase and then remained stable. At the beginning of the week, some regions in China saw an upward trend in the market for silicon metal # 441. The overall focus of negotiations for silicon metal # 441 has shifted upwards, with an increase of 50-100 yuan/ton. Subsequently, the overall stability of the silicon metal market remained dominant.
Market Price Trends of Metal Silicon
Brand number/ Region/ November 8th
#441./Tianjin area/ Around 11900~12100 yuan/ton
#441./Huangpu Port area/ Around 12000~12200 yuan/ton
#441./Kunming area/ Around 12200~12400 yuan/ton
#553 (oxygen supply)/ Kunming area/ Around 11700~11900 yuan/ton
#553 (without oxygen)/ Sichuan region/ Around 11200~11400 yuan/ton
In terms of construction: Currently, the overall construction rate of metal silicon enterprises in northern China has not changed much, while the construction rate of metal silicon enterprises in southwestern China remains relatively weak.
In terms of supply and demand: Currently, the overall supply side of the silicon metal market has narrowed, and the phenomenon of accumulated inventory in the market has eased. The overall circulation of the silicon metal spot market is tight, and some silicon companies’ quotations are mainly firm. In terms of demand, currently, the downstream market for metallic silicon mainly focuses on on-demand procurement and small transactions.
In terms of inventory: According to incomplete statistics, on November 1st, the estimated social inventory of domestic silicon metal was 502000 tons. Compared with the previous week, the inventory increased by about 4000 tons, with the growth part coming from on-site factory inventory, an increase of 5000 tons, and a decrease of 1000 tons in delivery inventory.
Market analysis in the future
At present, the trading atmosphere in the metal silicon market is slightly light, and downstream users are cautious in purchasing, mainly based on orders and quantities. The overall supply and demand of the metal silicon market are weakly balanced. The metal silicon data analyst of Shengyi Society predicts that in the short term, the domestic metal silicon market will mainly adjust and operate within a narrow range, and specific changes in supply and demand news need to be paid more attention to.
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