Price trend

According to the analysis of the SunSirs’ market monitoring system, on August 15, the domestic market price reference for silicon 441# was 9,610 RMB/ton. Compared with August 9 (the market price for silicon 441# was 9,590 RMB/ton), the price increased by 20 RMB/ton, an increase of 0.21%.

Analysis review

According to the SunSirs’ market monitoring system, the domestic spot market for silicon 441# saw a slight upward trend last week. At the beginning of the week, the spot market for silicon (grade 441#) in some regions saw price increased of 50-100 RMB/ton. As of August 15th, the reference price for silicon 441# in East China was between 9,600 and 9,800 RMB/ton, in Kunming between 9,600 and 9,800 RMB/ton, and in Tianjin between 9,500 and 9,700 RMB/ton. The reference price for silicon 441# in Sichuan was between 9,200 and 9,300 RMB/ton, and in Shanghai between 9,800 and 10,100 RMB/ton.

Fundamentals

Supply and Demand: As of August 15th, some facilities in northern China continued to increase production, leading to an overall increase in northern supply, while other regions had seen little change. The overall silicon market had seen a surge in both supply and production. On the demand side, the silicon market fluctuated within a narrow range since the beginning of the month, with downstream investors showing a strong wait-and-see attitude. Stocking purchases were cautious, with most purchases primarily for immediate needs.

In terms of inventory: According to incomplete statistics, on August 7, the social inventory of domestic silicon in major regions was about 547,000 tons, an increase of about 7,000 tons from the previous week. The overall silicon market was under certain inventory pressure.

Market outlook

As of August 15th, the overall trading atmosphere in the silicon market was weak, the industry players were in a general state of mind, and the supply and demand transmission was loose. The silicon data analyst of SunSirs predicts that in the short term, the domestic silicon market will mainly operate in a narrow range of adjustments, and more attention needs to be paid to the changes in the news on the supply and demand sides.

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