Last week, the silicon metal market showed stable prices and subtle adjustments in supply and demand. Here is a detailed market analysis:
1、 Spot market price and trading volume
The overall spot price of silicon metal remains stable, but there is a strong wait-and-see sentiment in the market with low trading volume. Downstream procurement demand has not significantly increased, and procurement behavior is relatively cautious, resulting in low market activity.
2、 Supply side situation
Southwest region: Due to the impact of the dry season, the production of silicon metal in the southwest region has decreased.
Northwest region: There has been a reduction in production in the early stage, but there have been no significant plans to resume production in the near future. Although two new production capacities have been put into the market, overall supply is still showing a tightening trend.
3、 Demand side analysis
Organosilicon: The main monomer factories in Shandong have resumed production, increasing the supply capacity of organosilicon monomers and thus increasing the demand for metallic silicon.
Polycrystalline silicon: The production of polycrystalline silicon plants is stable, and the procurement of metallic silicon is carried out on demand without significant fluctuations.
Aluminum alloy: The aluminum alloy factory is operating smoothly, and the demand for silicon metal remains stable.
4、 Supply and demand relationship and price trend
At present, there are signs of improvement in the supply and demand relationship in the silicon metal market, but overall supply still exceeds demand. The accumulated inventory in the early stage and insufficient downstream demand have made it difficult for the spot price of silicon metal to rise.
5、 Polycrystalline silicon market dynamics
Transaction price: The transaction price of polycrystalline silicon has slightly increased, but the transaction volume of enterprises is relatively low. Most enterprises are in the stage of executing preliminary orders and signing the next round of new orders.
New order signing situation: At present, new orders are mainly small orders or trader orders, indicating limited market activity.
Positive factors: Influenced by favorable factors such as the listing of polycrystalline silicon futures and the reduced load operation of all in production enterprises, both upstream and downstream enterprises are optimistic about the future trend of silicon material prices.
Top Enterprise News: Tongwei Co., Ltd. and Daquan Energy have issued maintenance and production reduction announcements, marking the official entry of polysilicon top enterprises into the low load operation stage. This helps alleviate industry supply and demand pressures and guide market prices back to rationality.
6、 Future prospects
With the listing of polysilicon futures, the factors influencing their prices will become more diversified. The silicon metal market will also be affected by this new factor, and the future price trend will be more complex and volatile. But overall, with the gradual improvement of supply and demand and the adjustment of the industry's internal structure, the metal silicon market is expected to usher in more stable development.
In summary, the metal silicon market showed stable prices and subtle adjustments in supply and demand last week. In the future, the market will be affected by multiple factors such as the listing of polysilicon futures and the reduction of production by leading companies, and the price trend will become more complex and volatile. Investors and practitioners need to closely monitor market trends in order to make timely and reasonable decisions.