441# silicon price trend

According to the monitoring of SunSirs, as of January 29, the average price of 441# metal silicon in the domestic market was 18,500 RMB/ton. When returning to the market after the Spring Festival, the price of silicon metal market was mainly stable, and the mentality after the festival was also mainly wait-and-see.

Negative factors:

The high inventory continued to suppress the rise of silicon price

It is understood that the social inventory of silicon metal in three places was: 20,000 tons in Huangpu Port, 65,000 tons in Kunming, and 40,000 tons in Tianjin Port, a total of 125000 tons, an increase of 2,000 tons compared with that before the Spring Festival. As of the 29th, most of the metal silicon market had not yet been fully opened, the logistics had basically stopped, the spot transaction had remained light, and the social inventory had hardly shipped.

The demand of downstream organic silicon and aluminum alloy remained weak as a whole

The market price of silicone DMC was 16,760 RMB/ton for reference. During the Spring Festival holiday, the domestic silicone DMC market generally operated smoothly, and the price fluctuated little compared with that before the Spring Festival. Most aluminum alloy enterprises left early and returned late during the Spring Festival holiday, and the operating rate had declined.

Positive factors:

The price of polysilicon rebounded

Before the Spring Festival, the price of polysilicon hit the bottom and rebounded, with the mainstream quotation in the range of 16,000-18,000 RMB/ton. The reason for the slight recovery of silicon materials was that the price of downstream silicon wafers was rising, and the price of silicon materials had dropped sharply in the early stage. The leading enterprises were reluctant to sell, and the silicon market quotation had stopped falling and recovered. It is expected that the price of short-term polysilicon will stop falling and stabilize. In addition, the domestic economy is expected to grow this year, and the new energy PV installation has maintained a high boom. The market has a high expectation for the recovery of demand in the later period.

Market outlook

In general, in the short term, domestic silicon metal still maintains the situation of wide supply, tight demand and high inventory. The overall market of silicon metal is difficult to rise, and the short-term market will still maintain stable operation.

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