According to the analysis of the Business Society’s market monitoring system, on October 28th, the domestic market price of silicon metal # 441 was referenced at 9640 yuan/ton, a decrease of 70 yuan/ton or 0.72% from October 1st (market price of silicon metal # 441 was 9710 yuan/ton).
| Gamma-PGA (gamma polyglutamic acid) |
The weak market operation in October resulted in a slight decrease in the center of gravity of prices
From the commodity market analysis system of Shengyi Society, it can be seen that in October, the overall market situation of domestic silicon metal spot market showed a weak and downward trend, and the market price center slightly fell. On October 27th, the market price reference for Metal Silicon Oxygen # 553 in East China was around 9300-9400 yuan/ton, and the market price reference for Metal Silicon 441 in Kunming was around 9700-9900 yuan/ton The market price reference for metal silicon # 441 in Huangpu Port area is 9500-9700 yuan/ton, in Tianjin Port area it is 9400-9600 yuan/ton, and in Xinjiang area it is around 8600-8800 yuan/ton.
Analysis of Market Factors
Supply side: Currently, there is a significant differentiation in the supply side of silicon metal. As the dry season approaches in the southwest region, silicon metal production enterprises in Yunnan and Sichuan are gradually reducing production. Some enterprises are expected to further reduce their load by the end of this month, and the overall operating rate in the southwest region is expected to continue to decrease. However, the overall operating rate in the northwest region has increased, and the resumption of work by large factories in Xinjiang has driven an overall increase in regional operating rates. After complementing the supply side with the southwest region, the overall supply pressure in the market still exists.
In terms of demand, the overall downstream demand for metallic silicon has shown signs of looseness. Firstly, the overall production of downstream organic silicon plants has been reduced, which has provided insufficient support for the demand for raw material metal silicon procurement. Secondly, although the overall production of downstream polycrystalline silicon market has slightly increased, there is a strong wait-and-see sentiment in the market, and caution is exercised in raw material procurement. Finally, only the downstream aluminum alloy market has stable production, coupled with a small amount of exports providing slight support for the procurement of raw materials for silicon metal.
Market analysis in the future
At present, the cost support of metal silicon is still acceptable, forming a bottom support for the market situation. However, high supply and low demand still reveal the supply-demand game. Business Society’s metal silicon data analyst predicts that in the short term, the domestic metal silicon market will mainly operate in a range of fluctuations, and specific changes in supply and demand news need to be closely monitored.
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