According to the analysis of the Business Society’s market monitoring system, on January 21st, the reference price for the domestic silicon metal # 441 market was 11220 yuan/ton. Compared with January 1st (the market price for silicon metal # 441 was 11690 yuan/ton), the price decreased by 470 yuan/ton, a decrease of 4.02%.
| Gamma-PGA (gamma polyglutamic acid) |
From the market monitoring system of Shengyi Society, it can be seen that from January to present (1.1-1.21), the overall domestic spot market for silicon metal has shown a weak downward trend. The focus of the spot market for metal silicon in many regions of China is shifting downwards, including the market prices of metal silicon brands # 553, # 552, # 441, # 421, 3303, and other foreign silicon. As of January 21, the market price reference for oxygen # 553 in East China is around 10900-11000 yuan/ton, 441 # is around 11200-11400 yuan/ton, 521 # is around 11300-11600 yuan/ton, and 421 # is around 11500-11800 yuan/ton.
Analysis of Market Factors
Supply side: Currently, the overall operating rate of the domestic silicon metal market is at a low level, and there are few silicon metal factories in production in Yunnan and Sichuan regions. The market mentality is not good. In January, silicon metal factories continued to reduce production, and although inventory pressure was tight and accumulated slightly, demand conversion was not timely. The overall performance of the silicon metal supply side is still weak, providing limited support to the market.
On the demand side: The downstream market demand for silicon metal is cautious, and there are some essential orders in Xinjiang. The overall shipment of market inventory is slow, and there is insufficient market support from the demand side.
Market analysis in the future
At present, the pace of the Spring Festival is getting closer and closer. The fluctuation of the metal silicon market is not significant, and the market is mainly stabilizing and operating. The metal silicon data analyst of Business Society believes that in the short term, the domestic metal silicon spot market is mainly stable and operating, and specific changes in supply and demand information need to be paid more attention to.
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