Market Overview: DMC prices rose last week. The price of silicon metal has risen, methanol prices remain stable, and DMC cost support has strengthened. Individual factories have experienced a series of accidents, resulting in a decrease in overall operating rates, and multiple companies have increased their prices by 100 yuan/ton. Downstream stocking up appropriately has further increased the focus of transactions. The current mainstream quotation for DMC is 10800-11500 yuan/ton, with an actual average transaction price of around 10900 yuan/ton. Last week, the prices of DMC raw materials improved, while the prices of 107 rubber, raw rubber, mixed rubber, and silicone oil remained stable overall, with some areas following suit. It is expected that DMC will experience strong fluctuations in the short term, and the prices of organic silicon products will remain stable and improve.
Market Overview: Last week, the market for gas-phase silica continued to operate steadily, with no adjustments to enterprise quotations and slight increases in transaction prices for some companies. The market for organic silicon rose during the week, with the continuous increase in raw material methyl trichlorosilane and a slight increase in silicon tetrachloride. The cost support for silicon gas is strong. Last week, the market trading atmosphere was flat. Under the gradually weakening seasonal trend, downstream industries such as silicone rubber have insufficient demand follow-up, resulting in significant shipping pressure for enterprises in the context of rising raw material prices. In the short term, gas-phase white carbon black enterprises are expected to maintain stable prices and shipments, and the market for gas-phase white carbon black is expected to operate steadily and positively.
Market Overview: Last week, the spot price range of silicon metal fluctuated, with an upward focus on transactions, but mainly focused on essential purchases. On the supply side, major factories in the north are gradually resuming production, with a slower pace, but there are still incremental expectations. Short term production in the southwest is expected to stabilize with narrow adjustments. The overall production of metallic silicon has slightly increased. On the demand side, the production of polycrystalline enterprises is temporarily maintained at a high level, and the reduction has not been reflected, resulting in stable demand for metallic silicon; The overall operating rate of organic silicon has decreased, leading to a decrease in demand for metallic silicon; Aluminum alloy is purchased on demand. Overall, downstream demand is limited, and there is still pressure on the destocking of silicon metal. It is expected that silicon metal prices will mainly fluctuate in the short term. Although the implementation of policies in the silicon metal industry is significantly less than that in polycrystalline silicon, the anti involution policy has been set. Attention should be paid to the production dynamics of large factories and the implementation of relevant policies.
Market Overview: Last week, the price of polycrystalline silicon rose, and the market signing volume remained the same as last week. The number of mainstream signing companies increased, and the transaction price continued to rise. The main reasons for the price increase are: firstly, some first tier enterprises have reached the upper limit of their export sales, resulting in limited short-term signing capacity, and second tier enterprises are gradually signing orders, leading to a tight supply in the market at this stage; Secondly, influenced by national industrial policies, the industry is generally optimistic about the future market, and market sentiment supports silicon material prices. Three mandatory national standards (draft for comments) including "Energy Consumption Limits for Polycrystalline Silicon and Germanium Unit Products" have been released. After its official implementation, enterprises whose energy consumption per unit of polycrystalline silicon product does not reach the benchmark value (6.4kgce/kg) will be required to rectify within a specified period of time. If they fail to rectify within the deadline or fail to meet the admission value (5.5kgce/kg) after rectification, they will be shut down. Preliminary statistics show that after the orderly adjustment of the existing production capacity structure, the effective production capacity of domestic polycrystalline silicon will decrease to about 2.4 million tons per year, a decrease of 16.4% compared to the end of 2024, and a decrease of 31.4% compared to the existing installed capacity. The strict implementation of the new energy consumption standards will substantially improve the supply and demand pattern of polycrystalline silicon.