According to the analysis of the Business Society’s market monitoring system, on August 15th, the reference price for the domestic market of silicon metal # 441 was 9610 yuan/ton. Compared with August 9th (market price of silicon metal # 441 was 9590 yuan/ton), the price has increased by 20 yuan/ton, an increase of 0.21%.
| Gamma-PGA (gamma polyglutamic acid) |
From the market monitoring system of Shengyi Society, it can be seen that the domestic spot market for silicon metal # 441 has shown a slight upward trend this week. At the beginning of the week, the spot market for metallic silicon (grade 441 #) in some regions of China was adjusted upwards, with an increase of 50-100 yuan/ton. As of August 15th, the reference market price for metal silicon 441 in East China is around 9600-9800 yuan/ton, in Kunming it is around 9600-9800 yuan/ton, and in Tianjin it is around 9500-9700 yuan/ton. The market price reference for metallic silicon 441 # in Sichuan region is around 9200-9300 yuan/ton. The market price reference for metallic silicon 441 # in Shanghai is around 9800-10100 yuan/ton.
Fundamental situation
In terms of supply and demand: Currently, there are devices continuing to increase production in the northern regions of China, and overall supply in the northern regions is increasing. There is little change in other regions, and the overall supply and output of the silicon metal market are mainly increasing. In terms of demand, since the beginning of the month, the silicon metal market has been operating in a narrow range of fluctuations, with a strong wait-and-see sentiment downstream. The stocking and procurement performance has been cautious, mainly focusing on essential purchases.
In terms of inventory: According to incomplete statistics, on August 7th, the social inventory of silicon metal in major regions of China was about 547000 tons, an increase of about 7000 tons compared to the previous week, indicating a certain inventory pressure in the overall silicon metal market.
Market analysis in the future
At present, the overall trading atmosphere in the metal silicon market is relatively weak, and the mentality of industry players is average. The supply and demand transmission is loose. The metal silicon data analyst of 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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