According to the analysis of the Business Society’s market monitoring system, on January 9th, the reference price for domestic silicon metal # 441 was 11520 yuan/ton. Compared with January 5th (silicon metal # 441 market price of 11560 yuan/ton), the price decreased by 40 yuan/ton, a decrease of 0.35%. Compared with January 1st (silicon metal # 441 market price of 11690 yuan/ton), the price decreased by 170 yuan/ton, a decrease of 1.45%.
| Gamma-PGA (gamma polyglutamic acid) |
From the market monitoring system of Shengyi Society, it can be seen that as we enter this week, the overall downward trend of the domestic spot market for silicon metal is difficult to change. The price of silicon metal is still hovering at a low level, and in some areas, the center of gravity of silicon metal continues to move towards a low level, with a price reduction of around 50-100 yuan/ton. As of January 9th, the spot price reference for metallic silicon 441 # in East China is 11400~11600 yuan/ton, with a price reduction of 100 yuan; The market price reference for metal silicon 441 # in Kunming area is 11500~11600 yuan/ton, and the price will be lowered by 100 yuan/ton; The market price reference for metal silicon 441 # in Huangpu Port area is 11400-11500 yuan/ton, with a price reduction of 100 yuan/ton; The market price reference for metal silicon 441 # in Tianjin area is 11300~11500 yuan/ton, with a price reduction of 50 yuan/ton.
Analysis of Market Factors
In terms of supply and demand: Currently, the overall trading atmosphere in the silicon metal market is light, and the pace of market shipments is not active. There is some supply pressure on the supply side in some regions, and it is difficult for factories to stimulate downstream purchasing enthusiasm even if they actively ship. At present, the downstream market’s demand for purchasing silicon metal has weakened, and the market’s destocking performance is poor. The overall transmission between supply and demand is insufficient, and the contradiction between supply and demand is more obvious.
Market analysis in the future
At present, the market sentiment in the metal silicon field is still strong, and the pre holiday market stocking sentiment is poor. The mentality of the industry is average. The metal silicon data analyst of Business Society believes that in the short term, the domestic metal silicon market will mainly adjust and operate in a narrow range, and specific changes in supply and demand information need to be paid more attention to.
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