According to the analysis of the Business Society market monitoring system, on November 20, the domestic market price for metallurgical silicon #441 was 9,780 yuan/ton. Compared to November 16 (when the market price for metallurgical silicon #441 was 9,730 yuan/ton), the price increased by 50 yuan/ton, a rise of 0.51%. Compared to November 1 (when the market price for metallurgical silicon #441 was 9,680 yuan/ton), the price increased by 100 yuan/ton, a rise of 1.03%.
| Gamma-PGA (gamma polyglutamic acid) |
The metal silicon market showed a “stable first, then rising” trend this week
According to the Commodity Market Analysis System of Business Society, the domestic silicon metal spot market showed an overall trend of initial stability followed by a rise during this week (November 16-20). At the beginning of the week, the domestic silicon metal spot market experienced minimal fluctuations, with sporadic price adjustments for certain grades, primarily characterized by overall stability with minor movements. By the weekend, on November 20, the silicon metal spot market saw a comprehensive upward movement, with varying degrees of price increases across multiple regions and grades. Notably, in East China, the market price for oxygenated silicon metal 553# was referenced at 9,500-9,600 yuan/ton, up 100 yuan/ton, while the price for 521# was referenced at 9,600-9,800 yuan/ton, up 50 yuan/ton, and for 441# at 9,700-9,800 yuan/ton, also up 50 yuan/ton. In the Tianjin Port region, the price for oxygenated silicon metal 553# was referenced at 9,400-9,500 yuan/ton, up 100 yuan/ton, and for 441# at approximately 9,600-9,700 yuan/ton, up 50 yuan/ton.
Fundamental situation
Supply side:
This month, the variable factors on the supply side of metallurgical silicon primarily lie in the Sichuan and Yunnan regions. Although there is a small increase in the north, the overall supply remains reduced, with the national total supply expected to decline by over 400,000 tons.
Demand side:
This week, the overall demand for silicon metal downstream remained relatively weak, with average purchasing enthusiasm from downstream sectors, primarily driven by essential procurement needs.
Inventory:
As of November 13, the social inventory of metallurgical silicon in major regions stands at approximately 546,000 tons, showing a slight decrease of around 6,000 tons compared to previous levels.
Market outlook analysis
Currently, the overall trading atmosphere in the metallurgical silicon market remains subdued and moderate. Although the supply side has continuously reduced production, leading to an overall decline in supply, downstream players are actively promoting production cuts to maintain prices under the consensus of “anti-overcompetition.” Demand for raw materials remains cautious. According to analysts from Business Society’s metallurgical silicon data team, the market is expected to primarily exhibit narrow fluctuations in the short term, with further attention needed on supply-demand dynamics and related news developments.
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