According to the analysis of the Business Society’s market monitoring system, on February 8th, the domestic market price of silicon metal # 441 was based on 11220 yuan/ton, which was basically the same as January 27th. Compared with January 1st (market price of silicon metal # 441 was 11690 yuan/ton), the price decreased by 470 yuan/ton, a decrease of 4.02%.
From the market monitoring system of Shengyi Society, it can be seen that after the Spring Festival holiday, the overall consolidation and operation of the domestic spot market for silicon metal # 441 is dominant. In the post holiday period, the overall volatility of the metal silicon spot market # 441 is relatively small, the market performance is stable, and the overall news is relatively calm. Downstream user demand inquiries are gradually recovering, and the current market price is basically unchanged from before the holiday. As of February 8th, the reference price for metal silicon 441 # in East China is around 11100~11300 yuan/ton, in Kunming it is around 11300~11500 yuan/ton, in Huangpu Port it is around 11100~11300 yuan/ton, and in Tianjin it is around 11000~11100 yuan/ton.
Analysis of Market Factors
In terms of raw materials: After the holiday, the domestic price of silica has temporarily stabilized, and some factories have resumed shipments. The current demand from downstream users is average, and the demand heat is limited. Currently, the reference price for low-grade silica ore exports in Yunnan is around 340-360 yuan/ton. The reference price for high-grade silica ore export in Inner Mongolia is around 360-390 yuan/ton. The reference price for high-grade ore export in Hubei region is around 420-450 yuan/ton.
In terms of construction: In February, the performance of domestic industrial silicon sorting construction is still relatively differentiated. The overall construction rate in Xinjiang is expected to remain around 6 floors, while the construction rate in Northwest China is gradually recovering at around 80%. Some small factories in Yunnan have a slower recovery in construction, and the overall construction rate is expected to be around 25-28.
On the supply side: During the Spring Festival holiday, transportation capacity decreased, and shipments of silicon metal weakened. Downstream users mainly digested the raw materials in the early stage. Currently, it is expected that the overall supply of silicon metal will slightly increase compared to the end of January.
On the demand side: After the holiday, downstream demand for metallic silicon is slowly recovering, with downstream purchases mainly based on demand, and weak supply and demand transmission.
Market analysis in the future
At present, the trading atmosphere in the metal silicon market is relatively light. Metal silicon and upstream and downstream factories are gradually resuming operations, and the transmission between supply and demand is gradually recovering. Business Society’s metal silicon data analyst predicts that in the short term, the domestic metal silicon market will mainly operate steadily. It is expected that downstream demand will improve significantly by March, and the market situation will usher in a recovery operation. Specific changes in supply and demand news need to be closely monitored.
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