According to the analysis of the market monitoring system of SunSirs, on May 30, the reference price of the domestic silicon #441 market was 8780 RMB/ton. Compared with May 1 (the market price of silicon #441 was 9880 RMB/ton), the price dropped by 1100 RMB/ton, a drop of 11.13%.
From the market monitoring system of SunSirs, it can be seen that in May, the domestic silicon #441 spot market as a whole showed a weak downward trend. In May, the center of gravity of the silicon spot market continued to fall, and the center of gravity of on-site negotiations continued to fall.
As of May 30, the reference price of silicon 441 market in East China was 8500~8800 RMB/ton, the reference price of silicon 441 market in Kunming was around 9100~9300 RMB/ton, and the reference price of silicon 441# market in Tianjin was around 8300~8600 RMB/ton. The reference price of silicon 441# in Sichuan is around 8400~8600 RMB/ton. The reference price of silicon 441# in Shanghai is around 8900~9200 RMB/ton.
Market influencing factors
Supply and demand: In May, the supply and demand of the domestic silicon market still showed a weak trend. During the month, the overall operating rate of the silicon market was low. Affected by supply pressure, some silicon companies were not very active in starting production, and the overall support provided by the supply side to the silicon market was weak. The overall recovery of the downstream demand market was slow, demand was cautious, the demand side had limited purchases of raw materials, and the support provided by the demand side to the market was also insufficient.
Market analysis
At present, the trading atmosphere of the silicon market is weak, there is a certain wait-and-see sentiment in the market, and the downstream stocking rhythm is slow. The silicon data analyst of SunSirs predicts that in the short term, the domestic silicon market will mainly adjust and operate in a narrow range, and more attention should be paid to the news changes on the supply and demand side.
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