Overview of 441 # Silicon Price Trends
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This week, the price of metal silicon continued to rise, and the northwest large factory further increased. It is understood that due to the obvious effect of inventory removal in the early stage, the northwest large factory has raised its quotation twice this week, and the price has accumulated an increase of 300 yuan/ton during the week, with some small and medium-sized factories following suit. However, there has been no significant improvement on the demand side, and metal silicon lacks substantial upward momentum. The futures market, SI2310, saw a weekly increase or decrease of+1.96% and closed at 13795 yuan/ton.
The prices of 441 # silicon in various regions on the 28th are as follows:
The price range of # 441 metal silicon in the Huangpu Port area is 14400-14500 yuan/ton, with an average price of 14450 yuan/ton; The price range of # 441 metal silicon in Tianjin Port area is 14300-14400 yuan/ton, with an average of 14350 yuan/ton; The price range of # 441 metal silicon in Kunming region is 14500-14600 yuan/ton, with an average price of 14550 yuan/ton; The price range of # 441 metallic silicon in Sichuan region is 14000-14200 yuan/ton, with an average price of 14100 yuan/ton; The price range of Shanghai # 441 metal silicon is 14800-14900 yuan/ton, with an average price of 14850 yuan/ton.
Factors Influencing the Price of Silicon Metal
On the supply side:
As of August 24th, the number of silicon metal furnaces in China has reached 372, with an overall furnace opening rate of 51.03%, an increase of 22 units compared to the previous month. This week, the supply of metal silicon has increased, and there is still a shortage of spot supply in some specifications. The operating rate of silicon factories in Yunnan region has remained high and stable, while in Sichuan region, the operating rate has returned to nearly 70%. Most factories mainly produce 421 #. There is an increase in production in Xinjiang region, but a large factory has not resumed production yet.
In terms of demand:
This week, the domestic polycrystalline silicon market continued to rebound, with the mainstream range of single crystal dense materials with a model of primary solar grade maintained at 70-85000 yuan/ton. With the release of new production capacity for polycrystalline silicon, many mills are facing difficulties in purchasing 99 # silicon, resulting in an increase in prices.
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The organic silicon DMC market is operating weakly this week, with a market price reference of 13460 yuan/ton. The individual factory has profit potential, and the situation of production reduction and shutdown for maintenance is expected to recover.
The aluminum alloy market is operating steadily, with the price of aluminum alloy ADC12 being 19700 yuan/ton. The operating rate of the aluminum alloy industry is basically stable.
Future Market Forecast
Overall, this week’s strong operation of metal silicon is mainly driven by the increase in prices by major factories in Xinjiang. Currently, the demand for metal silicon in polycrystalline silicon is expected to be good. However, there are still concerns about oversupply in the silicon market. Although the short-term market sentiment has improved, it depends on the supply and demand situation in the market. It is expected that the short-term silicon price will remain stable and tend to be strong.
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