According to the analysis of the Business Society’s market monitoring system, on April 3rd, the reference price for domestic silicon metal # 441 was 10760 yuan/ton, which was basically the same as March 27th. Compared with March 1st (silicon metal # 441 market price of 11180 yuan/ton), the price decreased by 400 yuan/ton, a decrease of 3.58%.
| Gamma-PGA (gamma polyglutamic acid) |
From the market monitoring system of Shengyi Society, it can be seen that this week, the overall consolidation and operation of the domestic spot market for silicon metal # 441 is the main focus. Entering April, the overall performance of the silicon metal market remains relatively weak, and the focus of market negotiations is moving towards a lower level. As of April 3rd, the reference market price for metal silicon 441 in East China is 10500-10700 yuan/ton, and the reference market price for metal silicon 441 # in Tianjin is 10400-10600 yuan/ton. The market price reference for metal silicon 441 # in Sichuan region is 10400~10700 yuan/ton. The market price reference for metal silicon 441 # in Huangpu Port area is 10600~10700 yuan/ton, with a price reduction of 100 yuan/ton.
analysis of influencing factors
In terms of supply: Currently, among the regions supplying silicon metal, the production in Xinjiang and Sichuan has slightly increased, while the production in the northwest region has decreased. The overall market supply has not changed much. It is reported that there will be a production reduction plan in Xinjiang in April. If the reduction is implemented, it is expected that the overall market supply will be reduced.
In terms of demand: Currently, the downstream performance of silicon metal is average, with downstream users mainly purchasing according to their needs, and the overall transaction atmosphere in the market is relatively weak.
In terms of raw materials: Currently, the price of silica in the market is stable, and downstream demand is gradually recovering. At present, 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. The ex factory price of high-grade silica ore in Jiangxi is around 430-460 yuan/ton.
Market analysis in the future
At present, the enthusiasm for inquiries in the metal silicon market is limited, and there is a strong wait-and-see sentiment in the market. The metal silicon data analyst from Business Society believes that in the short term, the domestic metal silicon market will mainly focus on multi range consolidation and operation, and more attention should be paid to changes in supply and demand news.
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