According to the analysis of the Business Society’s market monitoring system, on May 7th, the reference price for the domestic market of silicon metal # 441 was 9690 yuan/ton. Compared with April 30th (market price of silicon metal # 441 was 9880 yuan/ton), the price decreased by 190 yuan/ton, a decrease of 1.92%.
| Gamma-PGA (gamma polyglutamic acid) |
From the market monitoring system of Shengyi Society, it can be seen that after the May Day holiday, the domestic spot market for silicon metal # 441 has shown an overall weak downward trend. The spot market price of silicon metal has continued to decline. As of May 7th, the reference market price for silicon metal 441 in East China is around 9400-9500 yuan/ton, and the reference market price for silicon metal 441 # in Tianjin is 9300-9400 yuan/ton. The market price reference for metal silicon 441 # in Sichuan region is 9500-9700 yuan/ton. The market price reference for metallic silicon 441 # in Shanghai is 9700-10000 yuan/ton.
analysis of influencing factors
In terms of supply and demand: After the holiday, it is difficult to improve the weak supply-demand situation in the domestic silicon metal market. In early May, some silicon companies in the northern region experienced a slight reduction in production, resulting in a decrease in the overall operating rate of the metal silicon market. In terms of demand, the downstream demand market for metallic silicon remains sluggish, and demand transmission is slow.
In terms of raw materials, the overall market for metallic silicon raw materials in the silica market is weak, with some areas experiencing a narrow downward adjustment in silica prices. Among them, the price of high-grade silica ore in Jiangxi is referenced around 420-460 yuan/ton, with a price reduction of 5 yuan/ton, while the price of low-grade silica ore in Jiangxi is referenced around 330-370 yuan/ton, with a price reduction of 10 yuan/ton.
Market analysis in the future
At present, the overall trading atmosphere in the metal silicon market is relatively weak, with a strong wait-and-see sentiment within the market. Downstream users are cautious in their purchases. The metal silicon data analyst from Shengyi Society believes that in the short term, the domestic metal silicon market will mainly adjust and operate weakly, and specific changes in supply and demand information need to be closely monitored.
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