Price trend

According to the analysis of the SunSirs market monitoring system, on August 19, the domestic market price of silicon 441# was 9,610 RMB/ton. Compared with August 15, the price was basically the same. Compared with August 1 (the market price of silicon 441# was 9,980 RMB/ton), the price dropped by 370 RMB/ton, a drop of 3.71%.

Analysis review

According to the SunSirs commodity market analysis system, the domestic 441# silicon market has been generally trending in a consolidation phase recently. During mid-August, the overall domestic silicon market saw minimal fluctuations, with sporadic narrow adjustments for some grades in certain regions, but the overall market was primarily consolidating. As of August 19th, the reference price for 441# silicon in East China was between 9,600 and 9,800 RMB/ton, in Kunming, around 9,600 to 9,800 RMB/ton, in the Huangpu Port area, around 9,600 to 9,800 RMB/ton, in Tianjin, around 9,500 to 9,700 RMB/ton, in Sichuan, around 9,200 to 9,300 RMB/ton, and in Shanghai, around 9,800 to 10,100 RMB/ton.

Fundamentals

Operation Status: As of August 19th, overall silicon production in Xinjiang had seen a slight increase, with weekly utilization at around 57%. The overall metal production utilization rate in Northwest China was around 76%, remaining stable. The silicon production utilization rate in Yunnan was around 68%, with little change. The silicon production utilization rate in Sichuan was around 56%, remaining generally stable.

Supply and Production: In the first half of the month, the resumption of production at major Xinjiang factories boosted overall market output, leading to a slight increase in overall supply and a reasonable level of inventory.

Demand: As of August 19th, demand for silicon in the downstream polycrystalline and organosilicon markets remained primarily driven by just-in-time purchases. Overall downstream production capacity is expected to remain relatively stable in the short term.

Market outlook

As of August 19th, the overall supply and demand transmission in the silicon market was relatively loose, the trading atmosphere in the market was relatively weak, and the mentality of industry players was general. The silicon data analyst of SunSirs predicts that in the short term, the domestic silicon market will mainly adjust in a narrow range, and more attention should be paid to the changes in the news on the supply and demand side.

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