With weak market support, the silicon market was trending downwards 

According to the commodity price analysis system of SunSirs, in the past two days (December 7-9), the domestic silicon spot market has shown a continuous downward trend. Market fluctuations for silicon have been significant, with prices for various grades in multiple regions experiencing different degrees of decline. As of December 9th, the market price for 441# silicon in East China was approximately 9,300-9,500 RMB/ton, a decrease of about 100-200 RMB/ton. The market price for oxygen-blown 553# silicon was approximately 9,100-9,300 RMB/ton, a decrease of about 200-300 RMB/ton.

Fundamental analysis

Supply side: as of December 9, there were no significant changes in the overall supply of the silicon market. With the onset of the dry season, the overall operating rate in southern regions continued to decline, while some silicon companies in northern regions increased production or resumed operations, leading to a slight increase in overall operating rates. As of December 9, there was a polarization in operating rates between the north and south, with the overall operating situation heavily influenced by adjustments made by large manufacturers. The expected production in December was basically the same as in November. As of December 9, some silicon companies that had suspended production were not eager to sell at low prices.

Demand side: As of December 9, demand in the silicon market was generally weak, with limited transactions. Negotiated prices for silicon remained low, and downstream buyers were only making limited purchases for inventory replenishment. Overall supply and demand pressures remained significant.

Market Forecast:

As of December 9, the silicon market continued to experience weak supply and demand, resulting in a sluggish trading atmosphere. Overall transaction prices remained weak. According to data analysts at SunSirs, the domestic silicon market is expected to undergo narrow fluctuations in the short term, and further developments will depend on changes in supply and demand dynamics.

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