SunSirs: This Week, the Spot Market for Silicon 441# Has Been Rising

Price trend

According to the analysis of the SunSirs’ market monitoring system, on July 3rd, the reference price for the domestic silicon 441# market is 8,850 RMB/ton. Compared to June 29th (the market price for silicon # 441 was 8,640 RMB/ton), the price has increased by 210 RMB/ton, a 2.43% increase.

Analysis review

From the Commodity Market Analysis System of SunSirs, it can be seen that the domestic spot market for silicon 441# has shown an overall upward trend this week. During the week, the spot market price of silicon is generally adjusted upwards, with reference to 8,300-8,400 RMB/ton for the 553 # market price in the East China region, with an increase of 200-300 RMB/ton during the week; The market price of silicon 441# in the East China region is based on 8,800-8,900 RMB/ton, with a weekly increase of 300-400 RMB/ton. The market price of silicon 441# in the Huangpu Port region is based on around 8,800-8,900 RMB/ton, with a weekly increase of 200 RMB/ton. The market price of silicon 441# in Tianjin area is based on 8,700~8,800 RMB/ton, with a price increase of 300-400 RMB/ton.

In terms of supply and production: In June, the reference production of silicon was around 327,600 tons, with an increase in production. In July, entering a period of abundant water supply, although a small portion of production capacity resumed in Yunnan and southwestern regions, the overall supply of silicon decreased due to reduced production in Xinjiang alone.

In terms of demand: Currently, the demand for metallic silicon remains mainly driven by rigid procurement, and there has been a slight increase in downstream polysilicon production, which may boost future demand.

Future outlook:

Currently, the trading in the silicon spot market is moderate, and the supply and demand transmission performance is still good. The silicon data analyst from SunSirs predicts that in the short term, the domestic silicon spot market will mainly be stable with small fluctuations, and specific changes in supply and demand information need to be closely monitored.

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.