According to the analysis of the Business Society’s market monitoring system, on April 10th, the reference price for the domestic silicon metal # 441 market was 10690 yuan/ton. Compared with April 6th (the market price for silicon metal # 441 was 10760 yuan/ton), the price decreased by 70 yuan/ton, a decrease of 0.65%.
| Gamma-PGA (gamma polyglutamic acid) |
From the market monitoring system of Shengyi Society, it can be seen that the domestic spot market for silicon metal # 441 has shown an overall downward trend this week. During the week, the overall silicon metal market lacked effective support, and the price center of spot markets for multiple regions and brands adjusted downwards, with a reduction of around 50-100 yuan/ton. As of April 11th, the reference market price for silicon metal 441 in East China was 10500-10600 yuan/ton, and the reference market price for silicon metal 441 # in Tianjin was 10300-10500 yuan/ton. The market price reference for metal silicon 441 # in Sichuan region is 10400~10600 yuan/ton. The market price reference for metal silicon 441 # in Huangpu Port area is 10500~10700 yuan/ton.
analysis of influencing factors
Supply side: Currently, the overall operating rate of metallic silicon in Xinjiang has been reduced, with a weekly operating rate of around 66%. The reduction in operating rates in Xinjiang is mainly affected by the overall production capacity reduction. The operating rate of metallic silicon in the northwest region is around 78%, and there has been a slight decrease in the operating rate within the week. Affected by the current overall reduction in the operating rate of silicon metal, the overall supply side of silicon metal in China is weak, and the support provided by the supply side to the market is insufficient.
On the demand side: Currently, the downstream demand for metallic silicon is generally boosted, and demand transmission is slow, resulting in a weak overall inquiry atmosphere in the market.
Market analysis in the future
At present, the supply and demand fundamentals of metal silicon are loose, and the improvement on the demand side is slow. The support for supply and demand in the market is weak. The metal silicon data analyst of Business Society predicts that in the short term, the price of metal silicon market will maintain a bottom range oscillation, and specific changes in supply and demand news need to be closely monitored.
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