1. Product name: Silicon Metal (441#)

2. Latest price (November 18, 2019): 11,725RMB/tonon

The price of silicon metal (441#) in each region was as follows:

The price range of metal silicon in Fujian was 11,300-11,400RMB/tonon, in Sichuan was 11,500-11,600RMB/tonon, in Kunming was 11,400-11,600RMB/tonon, in Shanghai was 12,400-12,600RMB/tonon, in Tianjin port was 11,600-11,800RMB/tonon, in Huangpu port was 11,700-11,800RMB/tonon.

3. Key points of analysis: Sichuan Yunnan silicon plant's production reduction overlapped the low silicon prices in the early stage, and the cost factor has become the leading factor. Domestic manufacturers have strong willingness to hold up the prices, and the silicon prices have increased significantly since August.

At the supply end, with the return of silicon prices, some silicon plants in Xinjiang started construction actively. It is reported that in October, the operating rate of silicon metal industry was 46.9%, increasing 1.7% on a month-on-month basis, decreasing 9.9% on a year-on-year basis.

On the demand side, the domestic rigid procurement was the main part, the early procurement was more, and the export was relatively flat.

4. Future forecast: the overall supply will move down, and the focus will be on the change of downstream demand. It is expected that the short-term operation of silicon will be mainly strong.

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