According to the analysis of the market monitoring system of SunSirs, on May 16, the reference price of domestic silicon #441 market was 9690 RMB/ton, compared with April 30 (silicon #441 market price was 9880 RMB/ton), the price dropped by 190 RMB/ton, a drop of 1.92%.

From the market monitoring system of SunSirs, it can be seen that last week (5.9-5.16), the domestic silicon #441 spot market as a whole continued to show a weak downward trend. Within a week, the center of gravity of the silicon spot market price continued to move towards a low level. As of May 16, the reference price of silicon 441 market in Kunming was around 9800~10000 RMB/ton, and the reference price of silicon 441# market in Tianjin was around 9300~9400 RMB/ton. The reference price of silicon 441# market in Sichuan was around 9150~9300 RMB/ton. The reference price of silicon 441# in Shanghai is around 9700~9800 RMB/ton.

Fundamentals

Operation and output: According to incomplete statistics, last week, the operation rate of silicon enterprises in Xinjiang was around 48%-50%, which continued to decline compared with the previous period. Some large factories in Xinjiang reduced production, and the temporary adjustment of large factories led to different degrees of operation reduction and output reduction of some silicon enterprises in other regions. The weekly operation rate in Northwest China last week was around 76%-78%, which was also slightly lower than the previous week. Silicon enterprises in Northwest China are mainly concentrated in Qinghai, Ningxia and Gansu. At present, silicon prices continue to be sluggish, silicon enterprises are under pressure to ship, and the overall production intention is not strong. The operation rate in Yunnan was around 13% last week, and the overall operation rate was also lowered. Within a week, some silicon enterprises stopped furnaces and stopped production, and the overall output in Yunnan decreased significantly.

Supply and demand: Last week, the overall supply and demand of the silicon spot market remained weak. At present, the overall performance of the downstream silicon market is cautious. Poor demand makes it difficult to provide a good supply and demand transmission to the market. Silicon enterprises in some regions are not shipping well and there is a certain inventory pressure. Therefore, the overall mentality of silicon enterprises to start production and increase production is not good.

Market analysis

At present, the trading atmosphere in the silicon market is weak, the wait-and-see sentiment in the market is strong, and the overall mentality is general.

The silicon data analyst of SunSirs predicts that in the short term, the domestic silicon market will mainly adjust and operate in a narrow range. Specifically, more attention should be paid to the changes in news on the supply and demand side, regional price differences and other factors.

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