SunSirs: With Insufficient Effective Support, the Silicon Market Remained Subdued in Early November

Price trend

According to analysis from SunSirs' market monitoring system, on December 11th, the domestic market price of Silicon 441# was approximately 9,620 RMB/ton, a decrease of 130 RMB/ton compared to December 1st (when the price was 9,750 RMB/ton), representing a 1.33% drop.

The market lacked sufficient support, and the trend was downward

According to the commodity price analysis system of SunSirs, the domestic Silicon spot market showed a weak downward trend in December. In the first ten days of the month, there were no significant positive signals in the Silicon market, and prices of various grades experienced different degrees of adjustment. As of December 11th, the market price of 441# Silicon in East China was approximately 9,300-9,500 RMB/ton, a decrease of about 100-200 RMB/ton in the first ten days of the month. The market price of oxygen-blown 553# Silicon was approximately 9,100-9,300 RMB/ton, a decrease of about 100-300 RMB/ton in the first ten days of the month. The market price of 421# Silicon was approximately 9,500-9,800 RMB/ton, a decrease of about 100-300 RMB/ton in the first ten days of the month.

Fundamental analysis

Supply side: Currently, Silicon production in both northern and southern regions remains polarized. With the dry season underway, production in the southern region is low, while the northern region has seen a slight increase in production. However, overall production costs for Silicon have increased, and some silicon companies are experiencing cost inversions. Therefore, there is a strong reluctance to sell, and a weak willingness to offer discounts, resulting in a stalemate in supply.

Regarding demand: Currently, with market prices falling to relatively low levels, some downstream users are making purchases at these lower prices. However, the overall market sentiment remains cautious, and the improvement in demand is limited. The situation of weak supply and weak demand persists.

Market Forecast:

Currently, the Silicon market is experiencing a quiet and subdued trading atmosphere, with strong wait-and-see sentiment among market participants regarding future trends.

 According to data analysts at SunSirs, the Silicon market is expected to fluctuate within a narrow range in the short term, and further attention should be paid to how factory operating adjustments will impact production.

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