Price trend

According to data from SunSirs' market monitoring system, on November 13th, the domestic market price for 441# silicon was 9,730 RMB/ton, an increase of 30 RMB/ton (0.31%) compared to November 9th (market price for 441# silicon was 9,700 RMB/ton). Compared to November 1st (market price for 441# silicon was 9,680 RMB/ton), the price increased by 50 RMB/ton (0.52%).

The silicon market saw a slight upward movement this week and then stabilized

According to the commodity market analysis system of SunSirs, this week (November 10-13), the domestic spot market for silicon generally saw a slight increase followed by a stable trend. Prices for some grades saw minor adjustments, and overall market fluctuations were within normal ranges. As of November 13, the market price for oxygen-bearing 553# silicon in East China was approximately 9,400-9,600 RMB/ton; for non-oxygen-bearing 553#, it was 9,300-9,400 RMB/ton; for 521#, it was 9,600-9,700 RMB/ton; for 441#, it was 9,600-9,800 RMB/ton; for 421#, it was 9,700-9,800 RMB/ton; and for 421# (for organosilicon), it was 9,800-10,200 RMB/ton.

Fundamental situation

Supply and demand: As of November 13, the overall market supply had improved compared to the beginning of the month, and market participants also had a certain mentality of supporting prices. However, the downstream demand for silicon was generally cautious and had limited acceptance of high prices, so the overall supply and demand transmission was average.

Regarding inventory: As of November 13, the overall inventory of silicon had increased. Some silicon companies in the south still had a certain amount of inventory accumulated after the shutdown of production, while silicon companies in the north were not willing to offer discounts to ship goods. Therefore, the overall supply and inventory in the market had increased to a certain extent.

Market Forecast:

As of November 13, the overall trading atmosphere in the silicon market was generally weak, with downstream demand being cautious in its purchases and inquiries mostly remaining at the low end. According to data analysts at SunSirs, the silicon market is expected to adjust within a narrow range in the short term, and further attention should be paid to changes in supply and demand.

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