According to the analysis of the Business Society’s market monitoring system, on February 27th, the reference price for the domestic market of silicon metal # 441 was 11210 yuan/ton, which was basically the same as February 1st (market price of silicon metal # 441 was 11690 yuan/ton). Compared with January 1st (market price of silicon metal # 441 was 11690 yuan/ton), the price decreased by 480 yuan/ton, a decrease of 4.11%.
| Gamma-PGA (gamma polyglutamic acid) |
From the market monitoring system of Shengyi Society, it can be seen that since February, the domestic spot market for silicon metal # 441 has shown an overall trend of large stability and small decline. From the beginning of the month to the middle of the month, the spot market for silicon metal has been operating steadily, with little change within the market and a relatively stable market performance. At the end of the month, the market prices of some grades in the spot market of silicon metal loosened and declined, including silicon metal # 553 and 552 in East China, # 553 in Tianjin, and # 441 in Shanghai. As of February 26th and 21st, the reference price for metal silicon 441 # in East China is around 11100~11300 yuan/ton, in Kunming it is around 11300~11500 yuan/ton, in Huangpu Port it is around 11100~11300 yuan/ton, in Tianjin it is around 11000~11100 yuan/ton, and in Shanghai it is around 11400~11700 yuan/ton, with a price reduction of 50 yuan/ton.
analysis of influencing factors
In terms of construction: Currently, the operating rate of metal silicon in Xinjiang is around 6 floors, and it is expected that a small number of new furnaces will be added in the short term, but the overall growth rate is limited. The operating rate of metallic silicon in the northwest region remains stable at around 8 layers. Some enterprises in Yunnan have maintenance plans, and the operating rate of metal silicon has narrowly declined, with an operating rate of around 2 floors.
In terms of supply and demand: Currently, both the supply and demand sides of silicon metal are still weak, and there is overall shipping pressure on the supply side, resulting in some loosening of market prices. The recovery of downstream demand is average, with poor purchasing sentiment and demand mainly focused on essential purchases. The overall transmission of supply and demand is weak.
Market analysis in the future
At present, the trading atmosphere in the metal silicon market is relatively light, and the supply-demand game is showing some signs. The metal silicon data analyst of Shengyi Society predicts that in the short term, the domestic metal silicon spot market will mainly adjust and operate weakly. Specific changes in supply and demand news need to be paid more attention to. The positive guidance of the market situation also requires the two-way boosting effect of both supply and demand sides.
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