Price trend

According to the analysis of the SunSirs market monitoring system, on October 17, the domestic market price of silicon 441# was 9,680 RMB/ton. Compared with October 12 (the market price of silicon 441# was 9,700 RMB/ton), the price decreased by 20 RMB/ton, a decrease of 0.21%.

Last week, some brands of domestic silicon market fell

According to the SunSirs commodity market analysis system, the domestic silicon market showed a narrow decline last week. Prices of some grades of silicon in some regions fell slightly, with the overall decrease ranging from 50 to 100 RMB/ton. As of October 17, the reference price of silicon 441# in the Huangpu Port area was 9,600 to 9,800 RMB/ton, a decrease of 50 RMB/ton during the week. The reference price of silicon 441# in the Tianjin Port area was 9,400 to 9,700 RMB/ton, a decrease of 50 RMB/ton during the week. The reference price of silicon 553# in the East China area was around 9,300 to 9,400 RMB/ton, a decrease of 50 RMB/ton during the week. The reference price of Tongyang 553# in Xinjiang was around 8,600 to 8,900 RMB/ton, a decrease of 100 RMB/ton during the week.

Market Factor Analysis

On the supply side: As of October 17, the supply-demand dynamics in the silicon market were becoming increasingly pronounced, driving narrow price fluctuations. On the supply side, silicon industry operating rates in Xinjiang continued to increase, with overall operating rates in Xinjiang expected to reach a yearly high. Operating rates in Northwest China and Yunnan remained stable, while some silicon companies in Sichuan had begun to reduce production slightly, resulting in a slight decrease in operating rates. Overall market supply continued to increase.

On the demand side: As of October 17, demand for silicon was weakening, with increased maintenance on downstream organosilicon plants and a decline in overall production. This was expected to weaken the demand for raw material industrial silicon. While overall polysilicon production was seeing a slight increase, the purchasing of raw materials was cautious. The downstream aluminum alloy industry was operating steadily, and demand was relatively stable. However, with a slight increase in overall market inventory, overall demand support was limited.

Market outlook

As of October 17, the transmission of supply and demand of silicon was slow, and the regional differentiation of the silicon market was more obvious. The southwest region had gradually reduced production, while the northwest region continued to increase production. The drag game between the overall supply pressure and demand in the market continued. 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 supply and demand news.

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