On the afternoon of the 13th, the concept of photovoltaics fluctuated and rebounded, with silicon materials leading the way in gains. Tongwei Stock once hit the limit up, Daquan Energy rose nearly 8%, and Hesheng Silicon Industry rose by 5%. On the news front, the main contract for polysilicon futures hit the daily limit up, reaching 34770 yuan/ton, an increase of 9%.
It is worth noting that on April 13th, several leading photovoltaic companies gathered in Chengdu for a closed door meeting at the beginning of the month to discuss the mandatory production control and price increase of polycrystalline silicon. The minutes of the meeting were circulated online. An insider of the company involved in the rumor responded to The Paper, stating that this is false news. According to feedback from market quotation agencies, it is understood that the polysilicon quotations of some upstream companies involved in the rumors have not changed, and the overall trading atmosphere in the spot market is still weak.
The current domestic DMC market is showing an overall consolidation trend, with a stable national average price of 14600 yuan/ton, which is the same as the previous period. At the beginning of the week, the market trading atmosphere was relatively weak, and both buyers and sellers held a wait-and-see attitude. From the perspective of supply and demand fundamentals, upstream individual factories are currently mainly experiencing pre delivery backlog, while some companies with sufficient pre-sale orders have slightly increased their offers; However, downstream enterprises mainly consume existing inventory, resulting in a decrease in actual inquiry and transaction activity in the market today.
The support and differentiation of prices from the cost side coexist. On the one hand, due to the unsuccessful negotiations between the US and Iran, the price of raw material methanol is expected to remain high and fluctuate in the short term; On the other hand, the overall supply of industrial silicon market remains abundant, and except for sporadic shutdowns and resumption of production, the pattern of abundant supply has not changed. Under cash flow pressure, some silicon factories have further reduced their quotes by offering small discounts, while high cost manufacturers in the southwest and Ningxia regions are in a state of price gouging and reluctance to sell. Overall, it is expected that the DMC market price will remain stable in the short term.