Price trend:

According to the analysis of the SunSirs' market monitoring system, on November 26, the domestic market price of silicon 441# was 9,750 RMB/ton, an increase of 70 RMB/ton or 0.72% compared to November 1 (when the market price of silicon 441# was 9,680 RMB/ton).

Since November, the spot market for silicon saw a slight overall increase

According to the commodity market analysis system of SunSirs, from November 1st to November 26th, the domestic spot market for silicon had generally shown a trend of fluctuating and narrowly upward movement. In the first ten days of the month, the spot market for 441# silicon mainly rose, with market negotiations focusing on upward adjustments. On November 15th, the domestic spot market price for 441# silicon was around 9,700-9,800 RMB/ton. In the latter half of the month, the market for 441# silicon fluctuated upwards, but market support was limited, resulting in a mixed trend of increases and decreases. As of November 26th, the market price for 441# silicon in East China was around 9,600-9,800 RMB/ton, the market price for 553# silicon with oxygen was around 9,400-9,600 RMB/ton, and the market price for 553# silicon without oxygen was around 9,300-9,400 RMB/ton.

Fundamental situation

On the supply side: In November, the overall supply of silicon decreased. Although some plants in the northern region increased production, the significant reduction in the operating rate in the Sichuan and Yunnan regions led to a decrease in the overall supply of silicon, and the overall supply pressure in the market eased in November.

On the demand side: In November, the overall purchasing enthusiasm of downstream silicon was moderate, and the demand performance remained cautious. Downstream users adopted a wait-and-see attitude and mostly made inquiries at low levels. Overall, the demand transmission was relatively loose.

Regarding inventory: As of November 20, the social inventory of silicon in major regions was approximately 548,000 tons, a slight increase of about 2,000 tons compared to the previous period.

Market outlook

As of November 26, the overall trading atmosphere in the silicon market was moderate, and the supply and demand transmission was still acceptable. The overall supply of silicon in December is expected to continue to decrease, and the overall supply and demand contradiction may continue to ease. According to the data analyst of SunSirs, in the short term, the domestic silicon spot market will mainly adjust within a range, and specific changes in supply and demand and other factors will need to be monitored.

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