According to the analysis of the Business Society’s market monitoring system, on August 25th, the reference price for the domestic market of silicon metal # 441 was 9570 yuan/ton. Compared with August 1st (the market price of silicon metal # 441 was 9980 yuan/ton), the price decreased by 410 yuan/ton, a decrease of 4.11%.
| Gamma-PGA (gamma polyglutamic acid) |
From the market monitoring system of Shengyi Society, it can be seen that looking back at the first half of July, supported by macro positive factors such as “anti involution”, the spot market for silicon metal has experienced a recovery, with the market center of gravity continuing to rise and prices returning to the 10000 yuan mark. However, the overall improvement in the supply and demand of the silicon metal market is average, and the sustained support for the market is insufficient. Starting from the end of July, the market center of gravity began to decline. In August, the silicon metal market continued to adjust downwards, and the market negotiation center gradually shifted. As of August 25th, the market price of silicon metal 441 in the eastern region of China is referenced around 9500-9700 yuan/ton, the market price of silicon metal 441 in Kunming is referenced around 9500-9700 yuan/ton, and the market price of silicon metal 441 # in Tianjin is referenced around 9500-9600 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 9800-9900 yuan/ton.
Fundamental situation
In terms of supply and demand: Since August, the overall supply of metallic silicon in China has slightly increased, with production mainly in the northern regions. At present, the overall supply and production of metallic silicon have increased slightly. In terms of downstream demand. In August, the downstream organic silicon market of metallic silicon showed light performance, cautious in raw material procurement, and stable performance in polycrystalline silicon market procurement, mainly continuing to focus on essential needs procurement.
Construction progress: In August, silicon companies in Xinjiang resumed production, which led to a slight increase in overall construction and supply. In mainstream regions, the operating rate of Northwest China ranks first with a reference of around 76%, followed by Yunnan where the operating rate remains at around 68%, and Xinjiang and Sichuan where the operating rate of metal silicon is around 56-57%.
Market analysis in the future
At present, the price fluctuations in the silicon metal market are the main trend, and downstream users tend to purchase at low prices. The market trading atmosphere is generally average. The silicon metal data analyst from Shengyi Society predicts that in the short term, the domestic silicon metal market will mainly operate in a range, and specific changes in supply and demand information need to be closely monitored.
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