According to the analysis of the Business Society’s market monitoring system, on April 25th, the reference price for the domestic silicon metal # 441 market was 10040 yuan/ton. Compared with April 1st (the market price for silicon metal # 441 was 10760 yuan/ton), the price decreased by 720 yuan/ton, a decrease of 6.69%.
| Gamma-PGA (gamma polyglutamic acid) |
From the market monitoring system of Shengyi Society, it can be seen that since April, the domestic spot market for silicon metal # 441 has shown an overall weak downward trend. The spot market price of metallic silicon continues to decline. As of April 25th, the reference market price for metallic silicon 441 in East China is around 10000 yuan/ton, and the reference market price for metallic silicon 441 # in Tianjin is 9700-9900 yuan/ton. The market price reference for metal silicon 441 # in Sichuan region is 9800-9900 yuan/ton. The market price reference for metallic silicon 441 # in Shanghai is 10100-10400 yuan/ton.
analysis of influencing factors
Supply side: In April, the overall supply side of the silicon metal market showed weak performance, with some silicon companies experiencing poor shipments and overall pressure on the supply side. The operating rates in some regions were lowered, and production enthusiasm weakened, resulting in insufficient support from the supply side for the market.
On the demand side: During the month, downstream users of metallic silicon showed cautious demand, with transaction negotiations at the low end and slow demand transmission. The support provided by the demand side for metallic silicon was also loose.
Market analysis in the future
At present, the trading atmosphere in the metal silicon market is relatively weak, and there is a strong wait-and-see sentiment. The metal silicon data analyst from Shengyi Society predicts that in the short term, the metal silicon market will mainly operate at a low level, and specific changes in supply and demand information need to be closely monitored.
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