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SunSirs: Driven by Both Supply and Demand, Metal Silicon Prices Were Stable and Rose (October 10-17)
October 18 2022 14:16:42SunSirs(John)

Price trend

With both supply and demand driven, the price of silicon metal was stable and rose. As of October 17, according to the price monitoring of SunSirs, the average price of 441 # metal silicon in the domestic market was 21,690 RMB/ton, up 2.02% from last week.

Analysis review

The price of 441 # silicon in various regions on the 17th was as follows:

The price range of # 441 silicon metal in Huangpu Port was 21,600-21,800 RMB/ton, with an average price of 21,700 RMB/ton; The price range of # 441 silicon metal in Tianjin Port was 21,600-21,800 RMB/ton, with an average price of 21,700 RMB/ton; The price range of # 441 silicon metal in Kunming was 21,300-21,500 RMB/ton, with an average of 21,400 RMB/ton; The price range of # 441 silicon metal in Sichuan was 21,300-21,400 RMB/ton, with an average price of 21,350 RMB/ton; The price range of # 441 silicon metal in Shanghai was 22,200-22,400 RMB/ton, with an average price of 22,300 RMB/ton.

Factors Affecting the Price Fluctuation of Silicon Metal

Supply side: The supply continued disturbance, and production in Sichuan was restored successively. However, the electricity limited silicon metal enterprises in Yunnan had limited production, and the manufacturers were reluctant to sell and supported a high price. The epidemic situation in Xinjiang was repeated and the transportation of raw materials was blocked. It is understood that the total number of silicon metal furnaces is 688 at present. As of October 13, the opening rate of silicon metal furnaces was about 50%. The number of silicon metal furnaces in Xinjiang was 113, Sichuan was 66, and Yunnan was 83.

Demand side: the price of aluminum alloy was stable, and the mainstream quotation was 18,700 RMB/ton; The price of silicone DMC fell, and the mainstream quotation was 17,580 RMB/ton. The operating rate of aluminum alloy and organic silicon was weakening. It is understood that at present, the organic silicon industry is upside down at nearly 8 points, some monomer units will have a load reduction maintenance plan, and aluminum alloy enterprises are also expected to reduce production due to weak downstream consumption.

The mainstream price of polysilicon was 297666.66 RMB/ton, and the price was stable, continuing the level before the festival. From the perspective of silicon material commencement, the operating rate of domestic silicon material manufacturers significantly increased this month. Two units in the maintenance period in September were restored successively. However, under the influence of the epidemic in Xinjiang and Inner Mongolia, although the unit production has not been affected, due to the impact of transportation, the delivery may be delayed, and the supply has little impact.

Market outlook

In general, the reason for the rise of metal silicon in the short term is that the demand for polysilicon remains prosperous, the supply side is limited and the epidemic situation disturbed. However, the demand for organic silicon and aluminum alloy remains weak, which limits the space for metal silicon price to rise. At the same time, the improvement of production in Sichuan will to some extent offset the decline in Yunnan's supply, and it is difficult for silicon price to rise again. It is expected that metal silicon will operate stably and tend to be weaker in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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