SunSirs: In Early July, the Spot Market for Silicon 441# Rose

Price trend

According to the analysis of the SunSirs’ market monitoring system, on July 14th, the reference market price for domestic silicon 441# was 9,140 RMB/ton. Compared with July 1st (the market price for silicon 441# was 8,730 RMB/ton), the price increased by 410 RMB/ton, a 4.70% increase.

From the Commodity Market Analysis System of SunSirs, it can be seen that in early July, the domestic spot market for silicon 441# showed a steady upward trend overall. In the first ten days, the spot market price of silicon 441# in many regions of China was continuously adjusted upwards, with a cumulative adjustment range of around 300-500 RMB/ton. As of July 14th, the market price reference for silicon 441 # in East China was 9,200-9,300 RMB/ton, in Kunming it was 9,000-9,200 RMB/ton, in Huangpu Port it was around 9,200-9,400 RMB/ton, in Tianjin it was 9,000-9,200 RMB/ton, in Sichuan it was 8,600-8,800 RMB/ton, and in Shanghai it was 9,400-9,600 RMB/ton.

Fundamental situation

In terms of raw material costs: As of July 14th, the overall operation of the silica market was stable, and some mines had certain supply pressure. As of July 14th, the ex factory price of high-grade silica mines in Inner Mongolia was referred to as 300-330 RMB/ton, the ex factory price of high-grade silica mines in Hubei was referred to as 290-330 RMB/ton, the ex factory price of low-grade silica mines in Jiangxi was referred to as 310-320 RMB/ton, and the ex factory price of high-grade silica mines was referred to as around 380-420 RMB/ton.

In terms of supply and production: In July, Yunnan region entered a period of abundant water, and some silicon production capacity resumed. The silicon production in Sichuan Yunnan region is also expected to increase. Large factories in the north reduced production, but most silicon companies had stable production. The overall production of silicon increased, but the overall supply pressure was not great, and the supply side provided certain support to the market.

In terms of demand: As entered July, the overall production of downstream organic silicon and polycrystalline markets for silicon slightly increased, and the demand for raw material silicon had also improved. The demand side provided enhanced support to the silicon market.

Market outlook

As of July 14th, the atmosphere in the silicon market was mild, and the mentality of the industry was good. The silicon data analyst from SunSirs predicts that in the short term, the domestic silicon spot market will mainly operate steadily with a stronger trend, and specific changes in supply and demand news need to be closely monitored.

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