Familiar routine: after the upstream price rises, the downstream price rises and a wave of price rise letters hit (421# metal silicon raised the latest quotation on February 17)
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The price range of domestic single crystal re feeding is 235000-249000 yuan / ton, and the average transaction price rises to 243000 yuan / ton, with a weekly increase of 0.12%; The price range of single crystal compact is 233000-247000 yuan / ton, and the average transaction price rises to 240700 yuan / ton, with a weekly increase of 0.21%.
According to the analysis of the silicon material market, the supply increment is less than expected and less than the demand increment. The overall supply and demand basically matches or is slightly insufficient. The silicon material and silicon wafer links maintain basically normal circulation inventory, and there is still room to make up the inventory. In addition, the domestic installed capacity has been started one after another, and the preliminary procurement has been followed up gradually. It is expected that the silicon material price will continue to rise steadily and slightly in the short term.
Silicon metal market
Recently, the price of metal silicon has continued to rise, mainly due to the rising price of reducing agent and the high cost of electricity price, and the shutdown of some metal silicon enterprises. At present, the downstream demand is good, the price of silicone is rising, and the price of metal silicon is expected to rise.
Other information
World Bank: emerging economies face increased financial vulnerability risks. The World Bank report released on 15 may point out that COVID-19 and non transparent debt are increasing the risk of financial vulnerability facing emerging economies. Developed economies should withdraw from large-scale stimulus policies with caution and avoid global instability.
Rising energy prices have led to a record trade deficit in goods in the eurozone: preliminary data released by the European Statistical Office on the 15th showed that affected by the rising price of imported energy, the trade deficit in goods in the eurozone reached a record 4.6 billion euros in December last year, compared with 28.3 billion euros in the same period in 2020. The eurozone is heavily dependent on imports for oil and gas supplies. With the rising cost of energy imports, the trade surplus of the eurozone has reversed sharply.
Analyst Andrew Atkinson commented on UK CPI data: UK inflation accelerated unexpectedly in January, putting pressure on the Bank of England to raise interest rates sharply next month. The annual increase in house prices rose to 5.5%, a 30-year high. Economists and the Bank of England had expected inflation to remain unchanged at 5.4%. Inflation soared from 0.4% a year ago and has exceeded expectations every month in the past four months. The latest data, together with strong labor market data this week, may make the Bank of England raise interest rates by 50 basis points next month more justified.
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