Price trend

According to the analysis of the SunSirs' market monitoring system, on July 18th, the reference price for the domestic market of silicon 441# was 9,500 RMB/ton. Compared with July 13th (the market price of silicon 441# was 9,050 RMB/ton), the price increased by 450 RMB/ton, an increase of 4.97%.

Analysis review

From the Commodity Market Analysis System of SunSirs, it can be seen that the domestic spot market for silicon 441# continued to rise and operate as a whole this week. During the week, the focus of negotiations in the silicon 441# market continued to move towards higher levels, with the overall market price increasing by 200-400 RMB/ton. As of July 18th, the market price reference for silicon 441# in East China was 9,500-9,600 RMB/ton, in Kunming it was 9,400-9,500 RMB/ton, in Huangpu Port it was around 9,500-9,600 RMB/ton, in Tianjin it was 9,400-9,500 RMB/ton, in Sichuan it was 9,100-9,200 RMB/ton, and in Shanghai it was 9,700-9,800 RMB/ton.

Fundamental situation

In terms of supply and output:  As of July 18th, there were devices reducing production in the northern region, while there were devices resuming production in the southern region. The output showed an increase in the south and a decrease in the north, resulting in a slight increase in overall supply.  As of July 18th, the market price of silicon was in the stage of recovery, and the market was still paying attention to the resumption of production and operation of silicon enterprises in the southwest and northern regions.

In terms of demand: As of July 18th, the overall downstream demand for silicon improved, and the demand for raw materials for downstream organic silicon and polycrystalline silicon had improved compared to the previous period. The demand side provided certain support to the silicon market.

Future outlook:

As of July 18th, the trading atmosphere in the silicon market was mild, and the mentality of industry players was good. The transmission between supply and demand of silicon was still good. The silicon data analyst from SunSirs predicts that in the short term, the domestic silicon spot market will mainly operate steadily with a stronger trend, and specific changes in supply and demand news need to be closely monitored.

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