Price trend

According to the analysis of the SunSirs market monitoring system, on October 14, the domestic market price of silicon 441# was 9,700 RMB/ton Compared with October 1 (the market price of silicon 441# was 9,720 RMB/ton), the price dropped by 20 RMB/ton, a decrease of 0.10%.

After the holiday, the silicon market was weaker

According to the SunSirs commodity market analysis system, the domestic silicon market was primarily consolidating during the October National Day holiday, with little change in market conditions and relatively calm fundamentals. Following the holiday, the overall silicon market saw a slight decline, with negotiating prices for some grades in some regions falling slightly. On October 9, the reference price of 441# silicon in Tianjin was 9,550-9,650 RMB/ton, a decrease of 50 RMB/ton from the beginning of the month. The market subsequently continued its weaker consolidation. As of October 14, the reference price of 441# silicon in East China was around 9,600-9,700 RMB/ton, in Kunming around 9,700-9,800 RMB/ton, and in Huangpu Port around 9,700-9,800 RMB/ton

Market Factor Analysis

Macroeconomic Analysis:

Macroeconomic aspects: In the early stage, the industry discussed the revision of the energy consumption standards for silicon, which had a certain boosting effect on the market at that time. However, there was no substantial implementation afterwards, and the overall market sentiment weakened.

Supply side:

Before the National Day holiday, some major silicon manufacturers resumed production, increasing overall market supply and weakening market sentiment. After the holiday, overall market supply is expected to continue to increase, but supply-side support for the market was weakening.

Demand side:

Post-holiday, downstream demand for silicon was buoyant, with downstream suppliers primarily digesting previous raw materials and some restocking at low prices. Overall, the market had seen a modest boost from the demand side.

Market outlook

As of October 14, the fundamentals of the silicon market were weak, the supply continued to be loose, and the demand was mainly based on rigid demand. The silicon data analyst of SunSirs predicts that in the short term, the domestic silicon market will mainly fluctuate in a narrow range, and more attention should be paid to the changes in the news on the supply and demand sides.

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