According to the analysis of the Business Society’s market monitoring system, on May 16th, 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 this week (5.9-5.16), the overall domestic spot market for silicon metal # 441 continued to show a weak downward trend. During the week, the overall focus of the spot market price for silicon metal continued to move towards lower levels. As of May 16th, the reference market price for silicon metal 441 in Kunming was around 9800-10000 yuan/ton, and the reference market price for silicon metal 441 # in Tianjin was around 9300-9400 yuan/ton. The market price reference for metallic silicon 441 # in Sichuan region is around 9150-9300 yuan/ton. The market price reference for metallic silicon 441 # in Shanghai is around 9700-9800 yuan/ton.
Fundamental situation
Construction and production situation: According to incomplete statistics, the construction rate of silicon enterprises in Xinjiang this week is around 48% -50%, which continues to decrease compared to the previous period. Some large factories in Xinjiang have reduced production, and the temporary adjustments made by these factories have led to varying degrees of reduction in production and output for some silicon companies in other regions. The weekly operating rate in the northwest region this week is around 76% -78%, slightly lower than last week. Silicon companies in the northwest region are mainly concentrated in Qinghai, Ningxia, and Gansu. Currently, silicon prices continue to be low, and silicon companies are under pressure to ship, resulting in a weak overall production willingness. The operating rate in Yunnan region this week was around 13%, and the overall operating rate has also decreased. During the week, some silicon companies stopped production and furnaces, resulting in a significant decrease in overall production in Yunnan.
Supply and demand situation: This week, the overall supply and demand of the silicon metal spot market remained weak. At present, the overall performance of the downstream market for metallic silicon is cautious, and the poor demand makes it difficult to provide a good supply and demand transmission to the market. In some regions, silicon companies have poor shipments and there is a certain inventory pressure. Therefore, the overall mentality of silicon companies to start production and increase production is not good.
Market analysis in the future
At present, the trading atmosphere in the metal silicon market is relatively weak, and there is a strong wait-and-see sentiment. The overall mentality is average. The metal silicon data analyst from Business Society predicts that in the short term, the domestic metal 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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