Price trend

According to the analysis of the SunSirs' market monitoring system, on June 26th, the reference price for the domestic silicon # 441 market was 8,620 RMB/ton. Compared to June 1st (the market price for silicon # 441 was 8,780 RMB/ton), the price decreased by 160 RMB/ton, a decrease of 1.82%.

Analysis review

From the Commodity Market Analysis System of SunSirs, it can be seen that since June, the domestic spot market for silicon # 441 has shown an overall trend of first falling and then stabilizing. In the first ten days of June, after the Dragon Boat Festival, the spot market of silicon # 441 was running in a weak and downward direction. The downstream demand was slowly boosted, and the focus of market negotiation was adjusted downward. In mid to late June, the overall stability and consolidation of the spot market for silicon # 441 was the main trend, with little fluctuation in the spot market and a slight supply-demand stalemate. As of June 26th, the market price of silicon # 441 in East China was around 8,400-8,600 RMB/ton, while the market price of silicon # 553 without oxygen was around 8,000-8,300 RMB/ton. The market price of silicon # 441 in Kunming was around 8,900-9,100 RMB/ton. The market price reference for metallic silicon 441 # in Tianjin area was around 8,200-8,400 RMB/ton.

Fundamental information

In terms of supply and output: In June, the overall output and supply of the silicon market increased compared to May, with large factories gradually increasing production, mainly from Xinjiang and Southwest regions.

In terms of inventory: As of June 20th, the social inventory of silicon in major regions was about 560,000 tons, a decrease of about 13,000 tons compared to the previous week.

In terms of demand: As of June 26th, downstream demand for metallic silicon wa generally cautious, and downstream procurement was mainly focused on rigid demand procurement.

Market outlook

As of June 26th, the overall trading atmosphere in the silicon market was light and mild, and the transmission between supply and demand was relatively loose. The silicon data analyst from SunSirs predicts that in the short term, the domestic silicon market will mainly adjust in a narrow range, and specific changes in supply and demand news need to be closely monitored.

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