According to the analysis of the Business Society’s market monitoring system, on March 13th, the reference market price for domestic silicon metal # 441 was 10980 yuan/ton. Compared with March 7th (market price of silicon metal # 441 was 11110 yuan/ton), the price decreased by 130 yuan/ton, a decrease of 1.17%.
From the market monitoring system of Shengyi Society, it can be seen that this week, the domestic spot market for silicon metal # 441 has been weakly declining. At the beginning of the week, the overall market situation remained stable, with occasional price reductions for certain brands in some regions. By the middle of the week, many regions and brands of metallic silicon in China have adjusted downwards. Among them, the market price of metallic silicon 441 # in Tianjin is based on 10700-10900 yuan/ton, with a price reduction of 100 yuan/ton. The market price reference for metal silicon 441 # in Sichuan region is 10600-10800 yuan/ton, with a price reduction of 100 yuan/ton. The market price reference for metal silicon 441 # in Huangpu Port area is 10900~11000 yuan/ton, with a price reduction of 100 yuan/ton.
analysis of influencing factors
In terms of supply and demand: Currently, the overall atmosphere of the silicon metal market is relatively pessimistic. On the demand side, downstream users are cautious in their demands, with low enthusiasm for inquiries and a predominance of new orders driven by urgent needs. On the supply side, currently, silicon companies have both increased and decreased production, but there has been a certain increase in overall supply. Overall, the increase in supply is greater than the increase in demand, putting pressure on the transmission of supply and demand.
In terms of raw materials: This week, the silica market has been operating steadily, with a relatively loose supply side and average demand area polarity. At present, the ex factory price of high-grade silica ore in Jiangxi is around 430-460 yuan/ton. The ex factory price of high-grade silica ore in Inner Mongolia is around 350-380 yuan/ton. The ex factory price of high-grade silica ore in Hubei is around 400-450 yuan/ton.
Market analysis in the future
At present, the overall trading atmosphere in the metal silicon market is light, and the mentality of industry players is average. Downstream demand is gradually recovering. The metal silicon data analyst from Shengyi Society believes that in the short term, the domestic metal silicon market will mainly adjust and operate within a certain range, and more attention should be paid to changes in supply and demand news.
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