According to the analysis of the Business Society’s market monitoring system, on September 30th, the reference price for the domestic silicon metal # 441 market was 11960 yuan/ton. Compared with September 23rd (the market price for silicon metal # 441 was 11980 yuan/ton), the price has decreased by 20 yuan/ton, a decrease of 0.17%.
According to the market analysis system of the business community, after the Mid Autumn Festival, the domestic silicon metal # 441 market as a whole showed a slight weakness and decline. The overall performance of downstream demand for silicon metal is average, and the market support provided by the demand side is limited. In some regions, the silicon metal market has narrowly lowered its shipping prices, with the market price of silicon metal # 441 dropping by 50-100 yuan/ton. On September 30th, the price reference for metal silicon # 441 in Huangpu Port area of China was around 11800-11900 yuan/ton, and the price reference for metal silicon # 441 in Kunming area of China was around 12000-12200 yuan/ton.
Regarding construction: Currently, the overall construction rate of the domestic silicon metal market has not adjusted significantly. The overall operating level of metallic silicon in Xinjiang is still relatively high. According to incomplete statistics, the proportion of metallic silicon production capacity in Xinjiang is about 75%, with a weekly output of about 40000 tons (923-929). The weekly operating rate is basically the same as the previous week, maintaining around 82-83%. The weekly production in Yunnan region is around 7700 tons, and the weekly operating rate is basically the same as last week, with a stable operating rate of around 90%. The weekly production of metallic silicon in Sichuan region is around 4600 tons, and the weekly operating rate is around 70%, which is basically the same as the previous week.
In terms of supply and demand: As the National Day holiday approaches, some silicon companies are not willing to lower their prices due to the overall low market prices. In addition, some have executed previous orders, and the pressure on spot supply is still acceptable. In terms of downstream demand, the overall demand for silicon metal in the downstream market is generally boosted, and a small number of stocking users provide weak support to the market.
Market analysis in the future
At present, the trading atmosphere in the metal silicon market is mild, and the mentality of industry players is calm. The overall volatility in the market is limited. The metal silicon data analyst from Shengyi Society believes that in the short term, the domestic metal silicon market will mainly operate with large stability and small movements, and specific changes in supply and demand information need to be closely monitored.
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