This week, the price of 441 # metal silicon continued to be under pressure. As of November 6th, the average price in the domestic metal silicon market was 15420 yuan/ton, a decrease of 0.52% compared to the previous week. This week, the electricity prices in the main southern production areas increased, and some factories are not willing to sell at low prices. However, due to the concentrated cancellation of warehouse receipts and the decline in downstream polycrystalline silicon prices, the cost side is unable to support silicon prices. In terms of futures, in the second half of this week, futures weakened, with SI2401 rising or falling 0.43% throughout the week, closing at 14120 yuan/ton.
| Gamma-PGA (gamma polyglutamic acid) |
The price of 441 # silicon in various regions on the 6th is as follows:
The price range of # 441 metal silicon in the Huangpu Port area is 15200-15400 yuan/ton, with an average price of 15300 yuan/ton; The price range of # 441 metal silicon in Tianjin Port area is 15200 to 15300 yuan/ton, with an average of 15250 yuan/ton; The price range of # 441 metal silicon in Kunming region is 15400-15500 yuan/ton, with an average price of 15450 yuan/ton; The price range of # 441 metallic silicon in Sichuan region is 15100-15300 yuan/ton, with an average price of 15200 yuan/ton; The price range of Shanghai # 441 metal silicon is 15800-16000 yuan/ton, with an average price of 15900 yuan/ton.
Factors Influencing the Price of Silicon Metal
On the supply side:
As of November 2nd, there were 434 silicon metal furnaces operating in China, with an overall furnace opening rate of 59.53%, a decrease of 4 furnaces compared to the previous month. The resumption of production and work in the northern region continues, while the abundant water period in the southwestern region ends. Electricity prices have increased, production costs have increased, and silicon factories have chosen to suspend production and work. However, it is currently in a small range and has little impact on the overall supply.
In terms of inventory:
As of November 3rd, the total social inventory was 359000 tons, an increase of 8000 tons compared to last week. Among them, Huangpu Port has 29000 tons, a decrease of 1000 tons compared to last week; Kunming has 48000 tons, an increase of 3000 tons compared to last week, and the delivery warehouse in Kunming has 75000 tons, a decrease of 1000 tons compared to last week; Tianjin Port has 38000 tons, with an increase of 0.1 compared to the surrounding area.
In terms of demand:
This week, the domestic polycrystalline silicon market further declined, and the mainstream range of single crystal dense materials with a model of primary solar grade is currently maintained at 7.0-7.5 yuan/ton. The supply pressure in the silicon material market has increased, and the accumulated inventory in the later stage has not ended. There is still a possibility for enterprises to continue to lower prices. Silicon material enterprises have severely pressured raw material procurement, and the industrial chain has transmitted pressure on metal silicon.
The overall market situation of organic silicon DMC is weak and has a narrow downward trend, with a market price reference of 14580 yuan/ton. Although there is a strong wait-and-see sentiment in the downstream and overall demand is generally supported, there has been no significant fluctuation in the market of leading large factories, and the overall market price adjustment space is limited.
The price of aluminum alloy has fluctuated and adjusted, with a slight correction in the price of aluminum alloy ADC12. The current quotation is 19600 yuan/ton. At present, aluminum factories are consuming raw material inventory, and small and medium-sized factories have low enthusiasm for starting operations, while purchasing metal silicon is passive.
Future Market Forecast
Overall, the number of furnace openings decreased this week, but warehouse orders were cancelled in November, putting supply under pressure from concentrated selling. The downward adjustment in downstream polycrystalline silicon prices has dragged down metal silicon prices, and the short-term metal silicon market remains under pressure. In the future, we can pay attention to the progress of Southwest Silicon Factory’s production reduction.
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