According to the analysis of the market monitoring system, on August 6, the reference market price of domestic silicon metal 441 was 12,100 yuan/ton, which was basically the same as that on August 1. Compared with July 21 (the market price of silicon metal 441 was 12,560 yuan/ton), the price dropped by 460 yuan/ton, a decrease of 3.66%.
In July, the domestic market of silicon metal went down all the way, with a drop of more than 8% in July. At the end of July, the market price of silicon metal basically bottomed out. Entering August, the market price of silicon metal finally stopped falling and stabilized. In the early stage of August, the overall market price of silicon metal did not change much, and the market price was mainly running at the bottom. As of August 6, the domestic market price of silicon metal 441 was around 11900-12450 yuan/ton, and the market price of silicon metal 553 (oxygen-free) in East China was around 11750-11850 yuan/ton.
Supply: At present, the price of domestic silicon metal has fallen to the edge of the cost line of some manufacturers, and some silicon plants have reduced production and stopped furnaces, but the overall supply in the market is mainly loose.
Downstream: Entering August, the boost in the downstream market of silicon metal is general. The overall operation of aluminum alloy downstream of silicon metal is low, and the demand for silicon metal is mostly purchased on demand. The current operating rate of poly silicon is basically the same as at the end of July, and the demand for silicon metal is basically stable, with little change at present. In the downstream market of silicone, in August, some factories that stopped work for maintenance in the early stage of the market of silicon may resume work in the near future, and the demand for silicon metal may increase slightly, but the overall support for the market is limited.
Market analysis
At present, the market price of silicon metal in the southwest region is close to the cash cost line. Therefore, most silicon companies are not willing to continue to sell at a profit, and the market of silicon metal is gradually stabilizing and operating. At present, the downstream demand for silicon metal is still mainly on-demand. The silicon metal data analyst of Business Company believes that in the short term, the domestic market of silicon metal will mainly consolidate, and the specific trend needs to pay more attention to the changes in the news on the supply and demand side.
Post time: Aug-21-2024
