According to the analysis from Business Society’s market monitoring system, on December 9, the domestic market price of silicon metal #441 was referenced at 9,620 yuan per ton. Compared to December 1 (market price of silicon metal #441 at 9,750 yuan per ton), the price decreased by 130 yuan per ton, marking a 1.33% decline.
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Weak support in the market leads to a downward trend in the silicon metal market
According to the commodity market analysis system of Business Society, the domestic silicon metal spot market has shown a continuous decline in recent two days (December 7-9), with notable fluctuations in market conditions. Prices for various grades in multiple regions have experienced varying degrees of downward adjustments. As of December 9, the reference price for 441# silicon metal in East China was approximately 9,300-9,500 yuan/ton, with a price drop of around 100-200 yuan/ton. The market price for oxygenated 553# silicon metal was around 9,100-9,300 yuan/ton, with a price decline of approximately 200-300 yuan/ton.
Fundamental situation
Supply Side: Currently, the overall supply side of the metallurgical silicon market remains relatively stable. As the dry season begins, the overall operating rate in the southern regions continues to decline, while some silicon producers in the northern regions have increased production or resumed operations, leading to a slight rise in the operating rate. Presently, the operating rates in the north and south exhibit a polarized trend, with the overall operating situation being significantly influenced by adjustments made by major producers. The expected production volume in December is roughly on par with November. At the moment, some silicon producers show low enthusiasm for restarting operations after shutdowns.
Demand side: Currently, the demand for metallurgical silicon within the market is moderate, with limited transactions. The negotiated prices for metallurgical silicon remain at low levels, and downstream restocking and inventory preparation are constrained. Overall, the pressure from both supply and demand sides remains significant.
Post-market analysis
Currently, the metal silicon market remains characterized by weak supply and demand, with subdued trading activity and a generally subdued transaction focus. Analysts at Business Society estimate that in the short term, the domestic metal silicon market will primarily experience narrow adjustments, though further developments in supply-demand dynamics will require close attention.
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