Price trend

According to the analysis of the SunSirs’ market monitoring system, on May 21st, the reference price for the domestic silicon # 441 market was 9,210 RMB/ton. Compared with May 16th (the market price for silicon # 441 was 9,480 RMB/ton), the price decreased by 270 RMB/ton, a decrease of 2.85%.

Analysis review

From the market monitoring system of SunSirs, it can be seen that this week (5.16-5.21), the overall domestic spot market for silicon # 441 had once again been weak and declining. Entering this week, the decline in spot prices of silicon had not stopped, and the focus of silicon negotiations was at a low level. As of May 21st, the reference market price for silicon 441 in Kunming was around 9,500-9,800 RMB/ton, and the reference market price for silicon 441 # in Tianjin was around 8,800-9,100 RMB/ton. The market price reference for silicon 441 # in Sichuan region was around 8,900-9,000 RMB/ton. The market price reference for silicon 441 # in Shanghai was around 9,500-9,600 RMB/ton.

Fundamental situation: Currently, the overall operating rate of the silicon market is still low, and silicon companies face significant production pressure. Downstream demand is cautious, and on-demand procurement is the main focus. The supply and demand of silicon are slow, and the market support is weak.

Market outlook

As of May 21st, the trading atmosphere in the metal silicon market was still light, and the mentality of industry players was average, with a strong wait-and-see attitude. The metal silicon data analyst from SunSirs predicts that in the short term, the domestic metal silicon market will mainly consolidate in a range, and specific changes in supply and demand news need to be closely monitored.

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