Price trend 

According to data from the SunSirs' market monitoring system, on November 20th, the domestic market price for 441# silicon was 9,780 RMB/ton, an increase of 50 RMB/ton (0.51%) compared to November 16th (market price for 441# silicon was 9,730 RMB/ton). Compared to November 1st (market price for 441# silicon was 9,680 RMB/ton), the price increased by 100 RMB/ton (1.03%).

The silicon market traded with a pattern of "stability followed by price increases" this week

According to the commodity market analysis system of SunSirs, the domestic spot market for silicon showed a trend of initial stability followed by a rise this week (November 16-20). At the beginning of the week, the overall market price fluctuated little, with only minor adjustments to some grades, and the market remained generally stable with minor fluctuations. Towards the end of the week, on November 20, the spot market for silicon saw an overall increase, with prices for various grades in multiple regions rising to varying degrees. Specifically, in East China, the market price for oxygen-coated silicon 553# was around 9,500-9,600 RMB/ton, an increase of 100 RMB/ton; 521# was around 9,600-9,800 RMB/ton, an increase of 50 RMB/ton; and 441# was around 9,700-9,800 RMB/ton, an increase of 50 RMB/ton. The price of 553# silicon with oxygen in Tianjin Port is around 9,400-9,500 RMB/ton, an increase of 100 RMB/ton; the price of 441# silicon is around 9,600-9700 RMB/ton, an increase of 50 RMB/ton.

Fundamental Factors

Supply Side: 

This month, the main variables in the supply of silicon were concentrated in the Sichuan-Yunnan region. While there was a slight increase in supply in the north, overall supply was still decreasing, with the national total expected to decrease by over 400,000 tons.

On the demand side:

This week, downstream demand for silicon remained relatively ample, with downstream purchasing activity generally moderate, mostly focused on just-in-time purchases.

Regarding inventory:

As of November 20, the social inventory of silicon in major regions was approximately 546,000 tons, a slight decrease of about 6,000 tons compared to the previous period.

Market Forecast:

As of November 20, the overall trading atmosphere in the silicon market was quiet and mild. Although the supply side of silicon continuously reduced production, resulting in a reduction in the overall supply, downstream industries were actively promoting production cuts to maintain prices under the consensus of "anti-involution," and were maintaining a cautious demand for raw materials. According to data analysts at SunSirs, the silicon market will mainly fluctuate within a narrow range in the short term, and more attention should be paid to changes in supply and demand.

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