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SunSirs: China's Metal Silicon Price Soared by 5.04% in 4 Days this Week, with a Monthly Increase of 11.37%

November 27 2020 08:42:37     SunSirs (Linda)

441# silicon price trend list

On November 26, the average market price of domestic silicon metal (441#) rose sharply by 1.35%.

According to data from SunSirs, the average market price of domestic silicon metal (441#) on November 26 was 13,716.67 yuan/ton, which was an increase of 5.04% from the average market price of 13,058.33 yuan last Friday (11.20); compared with the market at the beginning of the month (11.1) The average price was 11,650 yuan per ton, an increase of 11.37%; compared with the average market price of the valley (7.1) during the year, 10491.67 yuan/ton, an increase of 30.74%; compared with the beginning of the year (1.1) market average price of 11,833.33 yuan/ton, an increase of 15.92%.

The price of 441# silicon in various regions on the 26th is as follows:

The price range of #441 metal silicon in Fujian area is 13100-13200 yuan/ton, the price range of #441 metal silicon in Sichuan area is 13500-13600 yuan/ton, and the price range of #441 metal silicon in Kunming area is 13500-13700 yuan/ton. Shanghai area# The price range of 441 metal silicon is 14200-14400 yuan/ton, the price range of Tianjin Port #441 metal transaction is 13800-14000 yuan/ton, and the price range of Huangpu Port #441 metal silicon is 13700-13900 yuan/ton.

Recent positive factors

1. The news is that Dian Silicon reduces production

According to the news, Yunnan Dehong Silicon Plant started an orderly production reduction in mid-to-early November due to power curtailment factors. Silicon metal manufacturers in Yunnan have reduced and stopped their plants, and regional output reduction is expected to intensify.

2. The spot on the trading side is tight

At present, there are not many stocks of spot metal silicon available for trading on the market, and the market is good. Holders are not worried about the stock. This superimposes the increase in the willingness of some major manufacturers to raise prices, which contributes to the market's bullish expectations.

3. Strong downstream demand

The strong demand from downstream aluminum alloy plants and the soaring price of organic silicon DMC directly led to the raw material market. Recently, the downstream inventory has increased and the demand is strong.

4. The export volume of silicon metal increased in October

According to customs data, in October 2020, the export volume of silicon metal was 58,000 tons, an increase of 6.4% month-on-month and 13.7% year-on-year.

Market outlook

Downstream prices have risen to a certain extent, which is bullish for raw material prices; superimposed on the recent tight spot, it is expected that the recent rise in metal silicon prices will likely continue.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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