According to the analysis of the Business Society’s market monitoring system, on November 20th, the reference price for the domestic silicon metal # 441 market was 12120 yuan/ton, which remained stable compared to November 8th. Compared to November 1st (silicon metal # 441 market price of 12070 yuan/ton), the price increased by 50 yuan/ton, an increase of 0.41%; Compared with October 1st (market price of 11960 yuan/ton for silicon metal # 441), the price has increased by 160 yuan/ton, a 1.34% increase.
| Gamma-PGA (gamma polyglutamic acid) |
From the market monitoring system of Shengyi Society, it can be seen that in the recent period (11.15-11.20), the overall stable operation of the domestic spot market for silicon metal # 441 has been the main trend. However, due to the recent opening price drop of nearly 800 yuan compared to the beginning of the month for the main futures contracts, the actual trading center of some other grades of silicon metal in the spot market has slightly weakened. As of November 20th, the domestic market price reference for metallic silicon 441 # is around 11900-12400 yuan/ton.
Fundamental situation
In terms of construction: Currently, the overall construction rate of domestic silicon metal remains high in the north and low in the south, and the overall construction rate of silicon enterprises in the north remains high. According to incomplete statistics, the overall operating rate in Xinjiang remains stable at around 86% -88%, and the operating rate is still relatively high. The construction rate in the Sichuan Yunnan region is relatively low, with the silicon industry operating at around 48% -49%, maintaining a relatively low level of construction. The operating rate of silicon industry in Sichuan region is around 33% -34%, with a low overall operating rate. Most silicon companies in Sichuan have reduced production or shut down their furnaces. It is heard that some silicon companies still plan to shut down their furnaces later this month, and the operating rate has remained low.
In terms of supply: Currently, there is little change in the overall supply of metallic silicon in China, and most of the silicon in Xinjiang has been pre ordered, with little change in spot supply. Due to the overall low operating rate in Yunnan and Sichuan regions, although there are relatively few new spot orders and overall transaction orders, inventory pressure is not high, and the overall shipping mentality is normal. The market has stable quotes in multiple dimensions.
In terms of demand: Currently, the downstream demand for metallic silicon is mostly urgent procurement, with replenishment mainly based on quantity, and there is little overall change in the demand side.
Market analysis in the future
At present, the overall trading atmosphere in the domestic silicon metal market is quiet and mild. With the overall expectation of on-site construction continuing to decline, the pressure on the silicon metal supply side is controllable. Although the transmission performance between supply and demand is still average, it will be able to maintain weak stability. The silicon metal data analyst from Business Society believes that in the short term, the domestic silicon metal market will mainly operate with large stability and small fluctuations, and specific changes in supply and demand news need to be monitored.
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