According to the analysis of the Business Society’s market monitoring system, on March 6th, the reference market price for domestic silicon metal # 441 was 11110 yuan/ton. Compared with March 1st (the market price for silicon metal # 441 was 11180 yuan/ton), the price decreased by 70 yuan/ton, a decrease of 0.63%.
From the market monitoring system of Shengyi Society, it can be seen that this week, the domestic spot market for silicon metal # 441 has shown an overall weak downward trend. During the week, the spot market prices of metal silicon grades 553 #, 521 #, 441 #, 421 #, 3303 # in many regions including East China, Kunming, Tianjin, Shanghai, etc. have been adjusted downwards to varying degrees, with a reduction of about 50-100 yuan/ton. As of March 6th, the reference price for metal silicon 441 # in East China is around 10900~11200 yuan/ton, in Kunming it is around 11100~11300 yuan/ton, in Huangpu Port it is around 11000~11200 yuan/ton, in Tianjin it is around 10900~11000 yuan/ton, and in Shanghai it is around 11400~11500 yuan/ton.
analysis of influencing factors
In terms of supply and demand: This week, the overall demand performance of the silicon metal market remains sluggish, and downstream users are cautious about replenishing raw materials. Some silicon companies in the southwest region have stated that the resumption of work and production during this year’s flood season has not yet been determined, and the overall supply has slightly increased, mainly from northern silicon plants. The transmission between supply and demand is slow.
In terms of raw materials: This week, the performance of the silica market is temporarily stable, and downstream metal silicon has average demand for raw material silica, with market consolidation being the main focus. This week, the silicon coal market experienced a downward trend, affected by the decline in the coke market, resulting in a weak decline in the silicon coal market and loosening the cost support for metallic silicon.
Market analysis in the future
At present, the trading atmosphere in the metal silicon market is relatively light, and downstream demand is still gradually recovering. The metal silicon data analyst from Shengyi Society believes that in the short term, the domestic metal silicon market will mainly be weak and stable, and specific changes in supply and demand information need to be closely monitored.
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