The last day of February, the weak end! Throughout February, driven by strong policies and the bottoming operation in January, the upstream and downstream are all looking forward to rising, and the start is coming as expected. However, unlike in previous years, the repair profits of monomer plants are urgent, but in order to extend the time of rising, they are very restrained. On February 1, individual monomer plants in Shandong rose slightly by 200 yuan, DMC reported 16800 yuan/ton, and steadily increased to 17400 yuan/ton for three consecutive weeks, with a monthly increase of only 600 yuan/ton. Other monomer plants also maintained a 500-800 increase. The sprint of 18000 was not formed, and the loss remained unchanged!


Yesterday, the opening price of Shandong monomer factory fell back to the original point at the beginning of the month, the order reception improved, and then rose by another 100. The final closing price was 16900 yuan/ton, while other monomer factories partially fell to 17000-17800 yuan/ton, and the leading factory temporarily remained stable. The average price in February was 17468 yuan/ton, up 3.24% month-on-month and down 47% year-on-year.


From the cost side: due to the increase in the operating rate of organic silicon and polysilicon, the industrial silicon trading is slightly active, and the price has also stopped falling and stabilized. The spot side of 421 # metal silicon offers 18500~19300 yuan/ton. The futures end of the main 08 contract closed 17480 yesterday, with a range of -0.71%. In the short term, industrial silicon is expected to maintain stable operation. At the same time, the price of methyl chloride in Shandong is also stable at 2750 yuan/ton. The cost side remained high and stable, and the downward adjustment space of the single factory was limited.


In terms of operating rate: At present, there are still a few regions in North China, Shandong, Central China and other regions to reduce the load, but on the whole, the shutdown device is restarted, the load reduction capacity is increased, and the new capacity is put into operation. In February, the overall operating rate of the single plant is rising, and has reached 77.13%. The accumulated risk is rising, and the relationship between the load reduction and the expansion of the single plant will be balanced again.