On April 8, market prices for oxygen-blown 421# silicon metal in the East China region trended downward. Reference market prices for oxygen-blown 421# silicon metal in East China hovered around 9,400–9,800 RMB/ton, reflecting a price reduction of 50 RMB/ton.

Analysis and Commentary

In the East China region, the spot price for Grade 421# oxygen-blown silicon metal has been lowered by 50 RMB per ton, with a reference range of 9,400 to 9,800 RMB per ton. This adjustment signals a weakening balance between market supply and demand—specifically, insufficient demand or increased supply—which exerts direct downward pressure on spot prices and constitutes a clear bearish signal. Corroborating this trend are data from industrial silicon futures (e.g., the Guangzhou Futures Exchange's 2605 contract settled at 8,275 RMB/ton, down 10 points; the 2606 contract settled at 8,310 RMB/ton, down 15 points); recent contracts have generally declined, and changes in open interest indicate a strengthening bearish sentiment within the market. The reduction in spot prices is likely to further drag down the futures market; consequently, futures prices are expected to remain under pressure and trend downward, suggesting a bearish outlook for the short term.

As an integrated internet platform providing benchmark prices, on April 8, the benchmark price for silicon metal, as reported by SunSirs, stood at 9,360.00 RMB/ton—a decrease of 1.16% compared to the beginning of the month (9,470.00 RMB/ton).

Application of SunSirs Benchmark Pricing：

Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).

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