According to the analysis of the Business Society’s market monitoring system, on May 30th, the reference price for the domestic silicon metal # 441 market was 8780 yuan/ton. Compared with May 1st (the market price for silicon metal # 441 was 9880 yuan/ton), the price decreased by 1100 yuan/ton, a decrease of 11.13%.
| Gamma-PGA (gamma polyglutamic acid) |
From the market monitoring system of Shengyi Society, it can be seen that in May, the overall domestic spot market for silicon metal # 441 showed a weak downward trend. In May, the focus of the spot market for silicon metal continued to decline, and the focus of on-site negotiations was continuously lowered. As of May 30th, the reference market price for silicon metal 441 in East China was around 8500-8800 yuan/ton, in Kunming it was around 9100-9300 yuan/ton, and in Tianjin it was around 8300-8600 yuan/ton. The market price reference for metallic silicon 441 # in Sichuan region is around 8400-8600 yuan/ton. The market price reference for metallic silicon 441 # in Shanghai is around 8900-9200 yuan/ton..
Market influencing factors
In terms of supply and demand: In May, the domestic silicon metal market still showed a weak supply-demand situation. During the month, the overall operating rate of the silicon metal market was low, and due to supply pressure, some silicon companies had extremely low operating volumes. The overall support provided by the supply side to the silicon metal market was weak. The overall recovery of downstream demand market is slow, with cautious demand performance. The demand side has limited procurement of raw materials, and the support provided by the demand side to the market is also insufficient.
Market analysis in the future
At present, the trading and negotiation atmosphere in the metal silicon market is relatively weak, and there is a certain wait-and-see sentiment in the market. The downstream stocking pace is relatively slow. Business Society’s metal silicon data analyst 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 information need to be closely monitored.
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