Entering Friday, the first week of resuming work after the New Year is coming to an end, and the performance of the silicone market is stable. Specifically, the resumption of work in individual factories after the holiday remains at a medium to high level, but with sufficient pre-sale orders, there is not much pressure to reduce inventory. In terms of demand, most enterprises have just resumed work and have not yet entered the state of stocking up, so the overall situation is slightly flat. Overall, most of the individual plant units are currently operating normally, and there is still a risk of inventory accumulation. However, the middle and lower reaches are consuming the raw material inventory from before the new year, actively delivering pre-sale orders, and making up for inventory. The current supply and demand relationship is relatively calm, and both buyers and sellers have a strong wait-and-see attitude. It is expected that upstream and downstream enterprises will fully start production next week, and the first round of market trend after the holiday may occur. Cost side: After the holiday, both the supply and demand sides of industrial silicon may resume work, and there are still silicon plants in the northwest region increasing the number of furnaces. However, the overall production is currently at a relatively low level, and downstream demand for polycrystalline silicon is also relatively low. Under the weak supply-demand pattern, the pressure on total inventory and warehouse receipts has intensified, and there is a greater pressure on industrial silicon surplus. In terms of price, yesterday's market continued to fluctuate at a low level, with the main contract Si2503 closing at 10865 yuan/ton, and the 421 # metal silicon quotation continuing to hover around the cost line at 11400-12450 yuan/ton. In the future, the downward space for futures and spot prices is limited, and there may be some slight fluctuations under the call of the overall environment to "reverse internal competition".
Precipitation white carbon black market: On the raw material side, the sulfuric acid market has gradually recovered after the holiday, and the trading atmosphere has not improved yet, with prices running steadily; In terms of soda ash, due to downstream enterprises generally not starting production after the holiday, the overall operation of the alkali market is stable. Currently, the price of light alkali is 1050-1700 yuan/ton, and the price of heavy alkali is 1050-1700 yuan/ton, maintaining stable operation. In terms of demand, this week is in the stage of just returning to the market, and most downstream rubber mixing manufacturers have not yet started production. Market trading is weak, and in the situation of weak supply and demand, the market for precipitated white carbon black is not favorable enough. Currently, the price of precipitated white carbon black for silicone rubber remains stable at 6300-7000 yuan/ton, and it is expected that the market will continue to consolidate weakly in the short term.
Gas phase white carbon black market: On the raw material side, there has been no significant change in the market for Class A after the holiday, and downstream demand is average. Therefore, the price of Class A remains stable. Currently, the price in Shandong region is 1400 yuan/ton, and the price in Northwest region is 3800 yuan/ton. In terms of orders, after the holiday, the silicone rubber market has not fully recovered, and there is a strong wait-and-see attitude. Moreover, all orders from before the year have not been delivered yet. In the short term, new orders may mainly be small and essential purchases. However, there are sufficient pre-sale orders from gas silicon enterprises, and core orders from large factories continue to be stable. This week, the high-end quotation for 200% surface gas-phase white carbon black is 25000-27000 yuan/ton, and the low-end quotation is 18000-19500 yuan/ton. It is expected that the silicon gas market will continue to operate steadily in the short term. Overall, with the accumulation of pre holiday orders, both upstream and downstream enterprises have sufficient pre-sale orders in the short term. Therefore, the current focus of enterprises is mainly on delivering orders. After the holiday, the enterprise has not fully resumed normal production, making it difficult for the demand side to have outstanding performance. The silicone market may continue to remain stable, with relatively small price fluctuations.