Last week, DMC prices continued to rise. The price fluctuations of silicon metal and methanol are limited, and the cost support is relatively stable. After the industry conference, individual factories resumed quoting, with a general increase to 13200 yuan/ton and a maximum quote of 13300 yuan/ton. Shandong large factories quoted 13100 yuan/ton. The implementation of production reduction by enterprises is still unclear, and terminal demand is weak. Downstream procurement attitudes are cautious, and market transactions are mainly small orders.
Last week, the raw material DMC continued to rise, increasing cost pressure. Individual factories resumed offering, and prices for 107 rubber, raw rubber, mixed rubber, and silicone oil all rose. Downstream and terminal demand is weak, and the acceptance of high prices is not high. It is expected that the silicone market will mainly digest the increase in the short term.
Overview: Last week, the overall market for gas-phase silica remained stable. The price of raw material methyltrichlorosilane is still rising, and enterprises are currently under significant cost pressure. There is an expectation of price increases for gas silicon products.
At present, the overall demand for downstream mixed rubber and other fields is weak, but due to the concentrated price increase of silicone enterprises, the downstream's willingness to stock up on gas-phase white carbon black has increased. If the production reduction plan of individual enterprises is implemented, the supply of methyl trichlorosilane may become tight, and the support of cost on prices will be further highlighted. Overall, it is expected that the market for gas-phase white carbon black will show a narrow upward trend in the short term.
Market Overview: The silicon metal market fluctuated last week. On the supply side, the operating rates in Yunnan and Sichuan continue to decline, but the rate of decline has slowed down. Xinjiang has experienced sporadic maintenance shutdowns, but the overall operating rate remains stable. On the demand side, the main downstream polycrystalline silicon production has been reduced due to the increase in electricity prices during the dry season, which has weakened the driving force for industrial silicon; The Shanghai Conference on Organosilicon and subsequent price increase news have caused significant fluctuations in metallic silicon, but organic silicon manufacturers still focus on essential procurement; The operating rate of leading aluminum alloy enterprises has increased month on month, but the overall operating rate of the industry is still constrained by insufficient raw material supply. Overall, the fundamental supply and demand of silicon metal are weak, and high inventory pressure still exists. The market lacks unilateral upward momentum in the short term, and it is expected that the market will mainly operate in a volatile manner
Market Overview: Last week, the polysilicon market showed a weak and stable trend. Downstream silicon wafer and battery cell prices have declined and some silicon wafer companies have reduced production, but the transaction price of polycrystalline silicon remains stable, with about 5 mainstream signing companies and transaction activity remaining the same as in the previous period. The core reason for the stable price is that the dry season in the southwest region has led to some enterprises reducing production and stopping production. The production in November is expected to decrease by 14% month on month to within 120000 tons, and supply contraction offsets weak demand; The industry chain has reached an implicit consensus, and the price reduction of polycrystalline silicon may undermine the expectation of stabilization and trigger a collapse in the industry chain prices. Enterprises have a firm willingness to stabilize prices. Downstream short-term demand is weakened by production cuts, but in the context of synchronized tightening of supply and already high social inventory, both the supply and demand sides have a high tolerance for changes in supply and demand. Under the consensus of supporting supply contraction and maintaining overall stability of the industrial chain, it is expected that the price of polycrystalline silicon will continue to remain weak and stable in the short term.