According to the analysis of the Business Society’s market monitoring system, on December 16th, the reference market price for domestic silicon metal # 441 was 11860 yuan/ton, a decrease of 210 yuan/ton or 1.74% compared to December 1st (market price of silicon metal # 441 was 12070 yuan/ton).
| Gamma-PGA (gamma polyglutamic acid) |
From the market monitoring system of Shengyi Society, it can be seen that in early December, the domestic spot market for silicon metal # 441 showed an overall weak downward trend, with market prices approaching low levels. Recently (12.13-12.16), the spot market for silicon metal continued to decline, with many regions in China including silicon metal grades # 553, 552, 441, 421, etc. experiencing a downward adjustment. Among them, the market price of silicon metal 553 # (oxygen) in East China decreased to 11300-11400 yuan/ton, with a price reduction of 100 yuan/ton. The market price of silicon metal 441 # in East China decreased to 11700-11900 yuan/ton, with a price reduction of 100 yuan/ton. The market price of silicon metal 421 # in Guangdong decreased to 11535-11585 yuan/ton, with a price reduction of 120 yuan/ton. As of December 16th, the domestic market price reference for metallic silicon 441 # is around 11500-12200 yuan/ton.
Recently, the spot market for silicon metal has been experiencing a downward trend. On the one hand, recently, the market for silicon metal futures has continuously fallen to market lows, intensifying the negative impact of futures on the spot market. On the other hand, as winter approaches, a weak supply-demand situation is gradually forming in the metal silicon market. On the supply side, the overall operating rate of the metal silicon market continues to decline, and the expected production of metal silicon is reduced. On the demand side, the overall operating rate of the downstream polycrystalline silicon market remained unchanged compared to last week, but the monthly operating rate decreased slightly by about 25%. The operating rate of downstream enterprises has decreased, resulting in a decrease in demand for raw materials. Currently, there is a strong wait-and-see sentiment in the downstream market of silicon metal, with a lack of enthusiasm for new order purchases. The market is dominated by low-priced transactions, and the overall supply and demand transmission in the silicon metal market is weak.
Market analysis in the future
At present, the overall trading atmosphere in the metal silicon market is relatively light, and the market continues to decline with strong market sentiment. The weak downstream demand affects the confidence of industry players. Although the market has lowered production, there is still some pressure to ship in some areas. The current market lacks positive support as a whole. The metal silicon data analyst from Shengyi Society believes that in the short term, the domestic metal silicon market is mainly weak and consolidating, and specific changes in supply and demand news need to be closely monitored.
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