According to the analysis of the Business Society’s market monitoring system, on November 26th, the reference price for the domestic silicon metal # 441 market was 9750 yuan/ton. Compared to November 1st (when the market price for silicon metal # 441 was 9680 yuan/ton), the price has increased by 70 yuan/ton, an increase of 0.72%.
Since November, the overall silicon metal spot market has seen a slight increase and is operating steadily
From the Commodity Market Analysis System of Shengyi Society, it can be seen that from November to present (11.1-11.26), the overall domestic spot market for silicon metal has shown a fluctuating and narrow upward trend. In the first half of the month, the spot market for silicon metal 441 # was mainly on the rise, and the focus of market negotiations was adjusted upwards. On November 15th, the domestic spot market price for silicon metal 441 # was around 9700-9800 yuan/ton. At the end of the month, the metal silicon 441 # market fluctuated and rose, with limited market support, forming a trend of mixed ups and downs. As of November 26th, the market price reference for metallic silicon 441 # in East China is around 9600-9800 yuan/ton, the market price for oxygen 553 # is around 9400-9600 yuan/ton, and the market price reference for oxygen 553 # is around 9300-9400 yuan/ton.
| Gamma-PGA (gamma polyglutamic acid) |
Fundamental situation
In terms of supply: In November, the overall supply of silicon metal decreased. Although some facilities in the northern region increased production, the significant reduction in production in the Sichuan Yunnan region has led to a decrease in the overall supply of silicon metal. The overall supply pressure on the market in November has eased.
In terms of demand: In November, the overall enthusiasm for downstream procurement of metallic silicon was average, and the demand performance remained cautious. Downstream consumers had a certain wait-and-see attitude, and inquiries for procurement were still mostly at low levels. The overall transmission of demand on the demand side was relatively loose.
In terms of inventory, as of November 20th, the social inventory of silicon metal in major regions is about 548000 tons, with a slight increase of about 2000 tons compared to the previous period.
Market analysis in the future
At present, the overall trading atmosphere in the metal silicon market is mild, and the supply and demand transmission is still acceptable. The overall supply of the metal silicon market in December is expected to continue to decrease, and the overall supply-demand contradiction may continue to ease. The metal silicon data analyst of Business Society predicts that in the short term, the domestic metal silicon spot market will mainly adjust and operate within a certain range, and specific changes in supply and demand and other aspects of news need to be monitored.
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