Market Overview: Last week, DMC's dark decline turned into a bright decline. The prices of silicon metal and methanol have fallen, and cost support is insufficient. Individual factories have announced further production cuts, but weak downstream demand and further escalation of the tariff war have intensified bearish sentiment in the market. The current mainstream DMC quotation is 13900-14800 yuan/ton. Last week, the prices of DMC raw materials showed a clear decline, and the prices of major organic silicon products from individual factories were simultaneously lowered. The prices of 107 rubber and raw rubber fell, while the prices of mixed rubber remained stable, and the prices of silicone oil remained stable with partial declines. Insufficient follow-up on downstream and terminal demand, with a clear bearish mentality, only making small purchases on dips. It is expected that the price of organic silicon products will remain weak and stable in the short term, with some areas experiencing a downward trend.
Market Overview: Last week, the Chinese gas-phase silica market continued to operate steadily, and there has been no adjustment in enterprise quotations. During the week, the supply of methyl trichlorosilane became tight, with a slight adjustment in price, while silicon tetrachloride remained stable. Last week, gas-phase silica companies maintained stable production with abundant market supply. However, downstream demand for high-temperature adhesives and other fields was limited, and most of them maintained a stable customer demand for essential purchases, resulting in smooth transactions. In the short term, the prices of raw materials such as methyl and tetrachlorine have a relatively small impact on the market, and the market supply is loose. Downstream demand is unlikely to increase significantly in the short term, and support is limited. It is expected that the gas-phase silica market will continue to operate steadily.
Market Overview: Last week, the spot price of silicon metal fell. The market is still dominated by on-demand procurement, with consecutive declines in the market and weak downstream demand, resulting in a decline in spot prices. On the supply side, the northern region is reducing production as planned, while the southern region has a lower willingness to start production in the current market situation, and the overall production situation has not changed significantly. On the demand side, organic silicon monomer factories may further increase their production reduction efforts, resulting in a decrease in demand for metallic silicon; Polycrystalline silicon plants have added new production capacity and undergone enterprise maintenance, with overall output remaining stable and demand for metallic silicon remaining stable; Aluminum alloy enterprises purchase according to demand, and there is an expectation of a slight decrease in overall demand. In the short term, the supply-demand relationship is difficult to improve, and it is challenging to clear inventory in higher industries. There is significant pressure above the price of silicon metal, while demand support below is weak. The overall market sentiment is pessimistic, and it is expected that prices will continue to fluctuate within the bottom range.
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Polycrystalline silicon
Market Overview: Last week, due to insufficient actual transaction data, the overall price of polycrystalline silicon remained stable. The transaction volume of enterprises is extremely low, and most enterprises have reported insufficient downstream procurement demand, making it difficult to land orders in April. According to feedback from companies, the market is currently in a stalemate, with most downstream companies not yet interested in signing contracts. The few orders that have already been completed and the very few orders that are willing to sign new contracts are in a downward trend, and market expectations are relatively pessimistic. If a company signs a large quantity of silicon materials in the near future, the price will face varying degrees of decline. In addition, the expected resumption of production during the upcoming wet season at the end of the second quarter has brought certain shipment pressure to polycrystalline silicon enterprises. However, due to the long-term loss of cash costs for polycrystalline silicon production enterprises, even if the enterprises have a relatively consistent expectation of price decline, the space for price exploration is expected to be limited.