According to the analysis of the Business Society’s market monitoring system, on October 14th, the domestic market price of silicon metal # 441 was referenced at 9700 yuan/ton, a decrease of 20 yuan/ton or 0.10% from October 1st (market price of silicon metal # 441 was 9720 yuan/ton).
| Gamma-PGA (gamma polyglutamic acid) |
After the holiday, the metal silicon market returned to weak operation
From the commodity market analysis system of Shengyi Society, it can be seen that during the National Day holiday in October, the domestic silicon metal market was mainly in consolidation and operation, with little change in the market conditions and relatively calm fundamental realization. Returning after the holiday, the overall silicon metal market has slightly decreased in operation, with some regions and grades of silicon metal negotiating a narrow downward trend. On October 9th, the market price reference for silicon metal # 441 in Tianjin was 9550-9650 yuan/ton, a decrease of 50 yuan/ton from the beginning of the month. Subsequently, the market continued to weaken and consolidate. As of October 14th, the market price of metal silicon 441 in East China is around 9600-9700 yuan/ton, and in Kunming, it is around 9700-9800 yuan/ton The market price reference for metal silicon 441 in Huangpu Port area is around 9700-9800 yuan/ton.
Analysis of Market Factors
Macroscopically, in the early stage, the industry discussed the revision of energy consumption standards for metallic silicon, which had a certain boosting effect on the market at that time. However, there was no substantial implementation, and the overall market sentiment weakened.
On the supply side: Prior to the National Day holiday, some major manufacturers of silicon metal resumed production, resulting in an overall increase in market supply and a weakened atmosphere in the silicon metal market. After the holiday, the overall market supply expectation continues to increase, and the support provided by the supply side to the market is insufficient.
On the demand side: After the holiday, the downstream demand for metallic silicon has shown loose performance, with the downstream mainly digesting early raw materials and partially restocking on dips. The overall boost from the demand side to the market is average.
Market analysis in the future
At present, the fundamental performance of the silicon metal market is weak, with continuous loose supply and strong demand. Business Society’s silicon metal data analyst predicts that in the short term, the domestic silicon metal market will mainly experience narrow fluctuations, and specific changes in supply and demand information need to be closely monitored.
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