Unified and clear pricing! After nearly two weeks of continuously releasing price increase signals, major manufacturers gathered in Yunnan yesterday. At the current low inventory level and the theme of "golden September and silver October", it is an important opportunity for individual factories to steadily increase prices. It is reported that several individual factories completely closed down and did not report yesterday, showing a joint attitude of raising prices. As for how much it can increase, it depends on the downstream stocking pace.
In terms of cost, the spot market remains stable, with a quoted price of 12300~12800 yuan/ton for 421 # metal silicon. Due to the current market transaction price being lower than the production cost line of many manufacturers, some metal silicon enterprises have reduced production. The price of non expired goods continues to decline. Yesterday, the contract price of Si2409 was quoted at 9885 yuan/ton, a decrease of 365 and falling below the 10000 mark! Market sentiment has been dampened. The futures market price has fallen far below the cost price, and it is expected to force the suspension of some industrial silicon production capacity.
Overall, due to frequent price fluctuations on the cost side and the continuous release of new production capacity from individual factories, it has added unfavorable factors to the market. However, the real constraint on the bullish sentiment in the midstream and downstream markets is still the problem of insufficient orders. In the past two weeks, with the increasing demand for inventory replenishment, if we want to continue adding and replenishing inventory, we will inevitably need the support of orders. Therefore, although the market is expected to steadily rise in the future, stocking up or not will once again become a tug of war between upstream and downstream!
The market for precipitated white carbon black: On the raw material side, the price of sulfuric acid varies due to different demand situations, and the market has a strong wait-and-see atmosphere, while the overall market remains stable; In terms of soda ash, the market maintains a surplus of supply and demand, and prices are running weakly under the game of supply and demand. This week, the domestic light alkali quotation is 1600-2050 yuan/ton, and the heavy alkali quotation is 1650-2250 yuan/ton. The cost remains stable, and the price of precipitated white carbon black is unlikely to fluctuate. This week, the price of precipitated white carbon black for silicone rubber remained stable at 6300-7000 yuan/ton. In terms of orders, the procurement focus of downstream rubber mixing enterprises is still on raw rubber, coupled with limited orders, there is not much stock of white carbon black, and the transaction situation is sluggish.