Stable operation! At present, the individual factory is in a calm state and continues to deliver pre-sale orders. The market is calm and the DMC quotation remains stable at 13450-13900 yuan/ton. At present, the terminal has not exerted force, and it is difficult for midstream and downstream enterprises to have sufficient support for stocking up. After a wave of concentrated stocking up, further stocking up is also weak. Currently, wait-and-see has the upper hand. For individual factories, they have been able to accept orders in the near future and maintain a price mentality, but the pressure on the supply side is difficult to alleviate. Some manufacturers are still showing a sense of presence in order to take on more orders, and in actual negotiations, "exchanging price for quantity" continues to be promoted. Looking at this week, if the main large factory maintains a high price of 13900 yuan, other individual factories will basically adjust narrowly. It is expected that DMC prices will be traded around 13300-13500 yuan/ton, with limited fluctuations!
Due to limited boost from downstream demand, the industrial silicon market has continued to consolidate in recent times. On the supply side, the construction in the northwest region is currently at a high level, and some silicon factories in Sichuan have resumed production due to the reduction of electricity prices, resulting in a slow growth pattern in overall production. In terms of demand, polycrystalline silicon has reduced production in the face of losses, leading to a reduction in demand for industrial silicon; Organic silicon companies can still purchase with the support of pre-sale orders, but the overall demand release is still limited, and they mainly maintain on-demand procurement for industrial silicon.
Overall, there is an expectation of an increase in the supply side of industrial silicon, but downstream demand still faces significant pressure. Under this situation, spot prices have begun to decline. Yesterday, the mainstream price of 421 # metal silicon was 13400-14000 yuan/ton, with a partial price reduction of 50-100 yuan; The price of chloroform in Shandong region has continued to decline to 2100 yuan/ton, a decrease of 100. The raw material side has slightly declined, with limited impact on individual factories, and DMC cost pressure still exists.
In addition, according to the latest data from industrial silicon export customs, the total export volume of industrial silicon products in China in April was 66633 tons, an increase of 22149 tons year-on-year, an increase of 49.79%, and an increase of 2732 tons month on month, an increase of 4.28%. In 2024, the cumulative export volume of industrial silicon was 231907 tons, an increase of 40265 tons year-on-year, up 21.01%.
In terms of operating rate: There is still support for pre-sale orders from individual factories, and the risk of inventory accumulation is not high for the time being. Therefore, there are not many proactive load reduction devices. Currently, the overall operating rate remains above 70%, and new production capacity will continue to follow up at the end of the month.