Price trend

According to the analysis of the SunSirs’ market monitoring system, on May 7th, the reference price for the domestic market of silicon # 441 was 9,690 RMB/ton. Compared with April 30th (market price of silicon # 441 was 9,880 RMB/ton), the price decreased by 190 RMB/ton, a decrease of 1.92%.

From the market monitoring system of SunSirs, it can be seen that after the May Day holiday, the domestic spot market for silicon # 441 has shown an overall weak downward trend. The spot market price of silicon has continued to decline. As of May 7th, the reference market price for silicon 441 in East China was around 9,400-9,500 RMB/ton, and the reference market price for silicon 441 # in Tianjin was 9,300-9,400 RMB/ton. The market price reference for silicon 441 # in Sichuan region was 9,500-9,700 RMB/ton. The market price reference for silicon 441 # in Shanghai was 9700-10,000 RMB/ton.

Analysis of influencing factors

In terms of supply and demand: After the holiday, it is difficult to improve the weak supply-demand situation in the domestic silicon market. In early May, some silicon companies in the northern region experienced a slight reduction in production, resulting in a decrease in the overall operating rate of the silicon market. In terms of demand, the downstream demand market for silicon remained sluggish, and demand transmission was slow.

In terms of raw materials, the overall market for silicon raw materials in the silica market was weak, with some areas experiencing a narrow downward adjustment in silica prices. Among them, the price of high-grade silica ore in Jiangxi is referenced around 420-460 RMB/ton, with a price reduction of 5 RMB/ton, while the price of low-grade silica ore in Jiangxi ws referenced around 330-370 RMB/ton, with a price reduction of 10 RMB/ton.

Market outlook

As of May 7th, the overall trading atmosphere in the silicon market was relatively weak, with a strong wait-and-see sentiment within the market. Downstream users were cautious in their purchases. The silicon data analyst from SunSirs believes that in the short term, the domestic silicon market will mainly adjust and operate weakly, and specific changes in supply and demand information need to be closely monitored.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.