SunSirs: Chinese Silicon Metal (441 #) Price Reduction on March 30

441 # Silicon price trend

1. Product Name: Silicon Metal (441 #)

2. The latest price (2020.March.30): 11,625 yuan / ton

441The price of 441 # silicon in each region is as follows:

Fujian # 441 metal silicon price range is 11,100-11,300 yuan / ton, Sichuan region # 441 metal silicon price range is 11,400-11,500 yuan / ton, Kunming area # 441 metal silicon price range is 11,400-11,600 yuan / ton, Shanghai area # 441 metal silicon price range is 12,000-12,200 yuan / ton, Tianjin Port # 441 metal transaction range is 11,700-119,300 yuan / ton, Huangpu Port # 441 metal silicon price range is 11,600-118,100 yuan / ton.

3. Analysis points:

At the domestic level, the supply side is still low. The silicon plants in Xinjiang area have reduced production in March and started at a low level. The monthly output has declined slightly from the previous month. The operating rates in Yunnan and Sichuan have not been high. Concentrated in late March; some small-scale manufacturers in Fujian and Hunan resumed production, with small production capacity. Overall, the domestic operating rate in March was about 30%, a decrease of 0.3 percentage points from the previous month. It is reported that the current social inventory has decreased by nearly 30% year-on-year.

The domestic downstream organic silicon monomers and aluminum alloys have poor expectations of the industrial chain terminal, and the expected reduction in output of the market has transmitted the industrial chain, which has given pessimistic expectations to the consumption of metal silicon. Good expectations for photovoltaic installations have not begun. In general, although the domestic market has seen both supply and demand fall, prices are dominated by panic sentiment, and traders' willingness to stock up is reduced.

Foreign countries, the spread of foreign epidemics will affect more downstream enterprises and weaken foreign demand. According to customs data, the export volume of metal silicon from January to February 2020 was 95,000 tons, a year-on-year decrease of 9.4%.

4. Market forecast: It is expected that the short-term operation of metal silicon will be mainly weak.

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