According to the analysis of the Business Society’s market monitoring system, on December 11th, the reference price for the domestic market of silicon metal # 441 was 9620 yuan/ton, which was 130 yuan/ton lower than the market price of silicon metal # 441 on December 1st (9750 yuan/ton), a decrease of 1.33%.
| Gamma-PGA (gamma polyglutamic acid) |
The market lacks limited support and is trending downwards
From the commodity market analysis system of Shengyi Society, it can be seen that as we enter December, the domestic spot market for silicon metal is showing a weak downward trend. In the first ten days, there are no obvious positive signals in the silicon metal market, and multiple brands in the market have undergone varying degrees of price adjustments. As of December 11th, the market price of metallic silicon 441 # in East China is around 9300-9500 yuan/ton, with a price reduction of about 100-200 yuan/ton in the first half of the year. The market price of oxygen 553 # is around 9100-9300 yuan/ton, with a price reduction of about 100-300 yuan/ton in the first half of the year. The market price of 421 # is around 9500-9800 yuan/ton, with a price reduction of about 100-300 yuan/ton in the first half of the year.
Fundamental situation
On the supply side: Currently, the overall production of metal silicon in the northern and southern regions is still polarized, with the dry season having arrived. The production in the southern region is at a low level, while there is a slight increase in production in the northern region. However, the overall production cost of metal silicon has increased, and some silicon companies have experienced cost inversion. Therefore, there is a clear reluctance to sell, which has led to a weak willingness to sell and a stagnant supply performance.
On the demand side: Currently, after the market situation has fallen to a relatively low level, some downstream users have made bargain hunting purchases, but the overall wait-and-see atmosphere in the market is still strong. The improvement brought by the demand side to the market is average, and the weak supply-demand situation still exists.
Market analysis in the future
At present, the trading atmosphere in the metal silicon market is light and mild, and there is a strong wait-and-see sentiment towards the future market. The metal silicon data analyst from Shengyi Society predicts that in the short term, the metal silicon market will mostly adjust and operate within a narrow range. In the future, more attention should be paid to the impact of factory start-up adjustments on the production side.
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