Spot platinum breaks through $2870.00
Spot platinum has broken through the $2870.00/ounce mark, with the latest price at $2870.30/ounce, up 3.73% for the day. The cumulative increase in the first month of this year is about 37%. Platinum catalyst, as a core additive in the production of silica gel, plays an irreplaceable role in liquid silica gel (LSR) and high-end silicon products. As platinum prices continue to soar, its proportion in the production cost of silicone has sharply increased.
Overview of Organic Silicon Market on January 26th:
Today, the domestic DMC market performed steadily, with the national average price remaining stable at 13850 yuan/ton, and no fluctuations compared to the previous trading day. At the beginning of the week, the market usually presents a wait-and-see situation. Although individual manufacturers have taken on a large number of pre-sale orders, the inflow of new orders is limited, which makes the overall quotation tend to be stable.
Downstream customers generally adopt a wait-and-see attitude, with a relatively low willingness to inquire and purchase at the beginning of the week. The market is mainly cautious and cautious, and the atmosphere for new order transactions is weak.
Looking ahead to the future, short-term prices are expected to show a stable to slightly strong trend. The main influencing factors include: low inventory levels in supply side enterprises and concentrated maintenance schedules in February; Manufacturers have a strong intention to raise prices before the holiday, while downstream mentality remains cautious. In terms of cost, the operating rate of industrial silicon in Sichuan is close to zero, and the operating rate in Yunnan is also less than 10%. The supply impact in the southwest region has significantly weakened, while the operating rate in Xinjiang remains stable. Major factories currently have no plans to reduce production. Downstream consumers are highly sensitive to prices, and sales have slowed down after price increases. According to market research, about 70% of industrial customers expect the short-term industrial silicon market to be dominated by narrow fluctuations.