441 # silicon price trend

The spot price of silicon metal continued to show a downward trend this week. Affected by the slow recovery of demand after the Lantern Festival, downstream inquiries increased, and prices stopped falling near Friday, while some specifications stopped falling and went up. As of February 10, the average price of domestic 441 # silicon metal market was 17930 yuan/ton, down 0.22% month-on-week. The futures market rose mainly on Wednesday and Thursday, closing at 17955 yuan/ton for the whole week, with a weekly increase of 1.18%.

The price of 441 # silicon in each region on the 10th is as follows:

The price range of # 441 metal silicon in Huangpu Port area is 17700-18000 yuan/ton, with an average price of 17850 yuan/ton; The price range of # 441 metal silicon in Tianjin Port area is 17600-17800 yuan/ton, with an average price of 17700 yuan/ton; The price range of # 441 metal silicon in Kunming is 17800-18100 yuan/ton, with an average of 17950 yuan/ton; The price range of # 441 metal silicon in Sichuan is 17600-17700 yuan/ton, with an average of 17650 yuan/ton; The price range of Shanghai # 441 metal silicon is 18400-18600 yuan/ton, with an average price of 18500 yuan/ton.

Influential factors of falling price of metal silicon

Supply:

The total number of silicon metal furnaces opened this week was 317. As of February 10, the silicon metal furnace opening rate was about 44.59%, 147 in Xinjiang, 27 in Sichuan and 52 in Yunnan. Xinjiang and Inner Mongolia continue to increase supply. The cost pressure in Southwest China is significant, and the operating rate is low, especially in Sichuan.

Demand:

Polycrystalline silicon rebounded sharply, with the mainstream price range of 215-240000 yuan/ton, up 13.9% in the week. The unit operating rate of silicon material enterprises remains at the normal level, but after the festival, the silicon wafer manufacturers start to work, and the demand surges, and the silicon material manufacturers generally push up, and the price in the later stage may continue to narrow due to demand constraints; The price of aluminum alloy ADC12 rose by 100 yuan/ton, and the mainstream quotation was 19400 yuan/ton. The demand of aluminum alloy enterprises recovered slowly, and the consumption of new energy vehicles in the downstream was depressed; The domestic silicone DMC market started to rise, with the price reference at 17140 yuan/ton. Organosilicon profits were repaired, and the enthusiasm of the downstream was improved. It is expected that it will continue to operate stably, moderately and strongly in the short term.

Aftermarket forecast

In general, at present, the supply side of silicon metal has maintained a preliminary pattern, with the high starting point in the north and the low spot price in the southwest. The demand for organosilicon on the demand side has gradually improved, and the construction has been repaired; The polysilicon industry chain remained prosperous and the demand for metallic silicon continued to improve. Analysts from the Business News Agency believe that short-term metal silicon price support appears and there are signs of stabilizing.