SunSirs: On March 24, Metal Silicon Continued to Be Weak and Fell
March 25 2022 09:47:22 SunSirs (John)
Price trend
The market demand for silicon metal was weak on the 24th, and there were few purchase inquiries. The price of the factory fell by nearly 600 RMB/ton again. According to the price monitoring of SunSirs, the domestic average price of 441# silicon metal was 22,740 RMB/ton.
Analysis review
Most of the stockholders had obvious bearish sentiment. The price was only supported by the cost. Many small and medium-sized silicon factories increased their willingness to sell due to the sharp decline in profits. Downstream companies were also constantly adjusting their production rhythms due to weaker demand and the obstruction of raw material transportation.
Market outlook
It is expected that in the short term, metal silicon will still run in a weak consolidation. In the medium term, the price will fall, and the rigid demand will be released, and the transaction volume may increase slightly.
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