Pessimistic expectation, weak silicon price dominates the market (5.23-5.30)

441# silicon price trend

 

PVA

The price of metallic silicon continued to fall under pressure. As of May 30, according to the price monitoring of the business agency, the average price of metallic silicon in the domestic market was 76550 yuan / ton, down 8.51% on a weekly basis. The price of raw materials is lower, the output is expected to increase, the price of metallic silicon is gradually decreasing under the bad conditions of all parties, the bargaining space is shrinking, and the upstream and downstream are mainly on the sidelines of the silicon market.

 

On the 30th, the prices of 441\\silicon in various regions are as follows:

 

The price range of \441 metallic silicon in Huangpu port area is 17600-17800 yuan / ton, with an average price of 17700 yuan / ton; The price range of \441 metallic silicon in Tianjin port is 17500-17700 yuan / ton, with an average price of 17600 yuan / ton; The price range of \441 metallic silicon in Kunming is 17300-17500 yuan / ton, with an average of 17400 yuan / ton; The price range of \441 metallic silicon in Sichuan is 17100-17300 yuan / ton, with an average of 17200 yuan / ton; The price range of Shanghai \441 metallic silicon is 18200-18500 yuan / ton, with an average price of 18350 yuan / ton.

 

Influencing factors of metal silicon price fluctuation

Factory aspect

With the exception of Southwest China, the cost of silicon plants has become unprofitable, the cost of raw petroleum coke and electrode is high, and some factories plan to stop production; Sichuan and Yunnan are about to usher in the wet season. The electricity price in Sichuan has been 0.36 yuan / kWh, a decrease of 0.15 yuan / kWh compared with the beginning of the month. The electricity cost has decreased. It is expected that some enterprises will resume production in June, resulting in an increase in supply. Most buyers and sellers are bearish.

 

Demand side

 

The resumption of production and new production capacity of downstream aluminum alloy and organic silicon enterprises did not meet the expectations. The operating rate of aluminum alloy was the same as that of last week, and the operating rate of leading enterprises was still 60%. At present, we only expect the downstream polysilicon projects to be put into operation one after another to bring good consumption side. The negative demand side has led to the current situation that metal silicon manufacturers sell goods at low prices to promote transactions.

 

Aftermarket forecast

 

Downstream consumption has not improved significantly, raw material electrode and petroleum coke have a limited decline, and the profits of silicon metal plant have been seriously compressed. Some silicon plants said that they would shut down the furnace and reduce production after the inventory in the plant was consumed. In addition, with the arrival of the wet season in Southwest China in June, the output and supply increased significantly. The market is expected to see supply exceeding demand, and the downstream pressure on manufacturers is becoming more serious. It is expected that the price of metal silicon will continue to decline before the Dragon Boat Festival.

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