Price trend

According to the analysis of the SunSirs' market monitoring system, on December 5th, the domestic market price of silicon 441# was 9,740 RMB/ton, a decrease of 10 RMB/ton compared to December 1st (when the market price of silicon 441# was 9,750 RMB/ton), representing a decrease of 0.10%.

With both supply and demand being weak, the silicon market was operating in a stable but slightly weaker trend recently

According to the commodity price analysis system of the SunSirs, the domestic silicon spot market was generally stable but slightly weak recently (December 1-5). Prices in some regions saw a narrow decline, with a decrease of approximately 50 RMB/ton. On December 5th, the market price of silicon 441# in East China decreased, with a reference price of around 9,600-9,700 RMB/ton, a decrease of 50 RMB/ton. The market price of oxygen-blown 553# silicon was around 9,400-9,500 RMB/ton, also a decrease of 50 RMB/ton.

Fundamental analysis

Supply side: Entering December, the overall fundamentals of the domestic silicon market were weak. The market entered the dry season, and the overall operating rate of silicon production areas in southern China continued to decline. It is expected that the operating rate of silicon companies in the south will remain around 0-10%. As of December 5th, most of the silicon companies in operation were mainly supported by long-term orders. After some silicon companies suspended production, they were reluctant to sell their existing stock, maintaining stable prices and showing little willingness to sell at low prices. However, transactions at high prices were also difficult. As of December 5th, the supply side was showing weakness.

Regarding demand: As of December 5th, the silicon market was experiencing weak trading activity, with a slight decrease in overall operating rates at downstream factories, resulting in weaker demand for raw materials. Downstream users were adopting a wait-and-see attitude, and actual transactions for new orders are cautious. Overall, the demand side was performing poorly.

Market Forecast:

As of December 5th, there was a strong wait-and-see sentiment in the silicon market, and industry players had a generally cautious attitude. Market supply and demand were both weak. Overall production expectations for the later period are expected to be further lowered, and improvements in fundamentals remain to be seen. According to data analysts at SunSirs, the domestic silicon market is expected to mainly consolidate within a range in the short term, and further attention should be paid to changes in supply and demand.

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