According to the analysis of the market monitoring system, on August 12, the reference price of domestic silicon metal 441 market was 12,020 yuan/ton. Compared with August 1 (silicon metal 441 market price was 12,100 yuan/ton), the price dropped by 80 yuan/ton, a decrease of 0.66%.
According to the market monitoring system, the domestic market of silicon metal remained stable and consolidated in the first week of August. After the market continued to fall in the early stage, the market finally stopped falling and stabilized in August. However, the market was not calm for a few days. Affected by the poor transmission of supply and demand in the market, the market of silicon metal fell again, and the price of silicon metal in many regions was reduced by 50-100 yuan/ton. As of August 12, the reference market price of silicon metal 441 was around 11,800-12,450 yuan/ton.
In terms of inventory: At present, the domestic social inventory of silicon metal is about 481,000 tons, an increase of 5,000 tons from the beginning of the month. The overall destocking performance of silicon metal is general, and the inventory supply is loose.
In terms of supply: At present, the supply side of silicon metal is still loose, and the supply side is under pressure, which provides limited support to the market of silicon metal.
In terms of production: In July 2024, the market of silicon metal entered the flood season, and the start-up of the field gradually increased. In July, the domestic silicon metal production was about 487,000 tons. In August, due to the constraints of downstream demand, some silicon metal factories started production at a reduced rate. The overall output of silicon metal is expected to decrease compared with July, but the overall capacity utilization rate is still high.
Downstream: Recently, the DMC market of organosilicon has experienced a narrow rebound. At present, the DMC market of organosilicon mainly digests the previous raw materials, and the demand for silicon metal has not increased much. Whether the market can bring a certain increase in demand for the market of silicon metal remains to be seen.
The overall operating rate of the poly silicon market has been slightly reduced, and the demand for silicon metal has also decreased slightly. The downstream metallurgical market has a low operating level, and the demand for silicon metal has not been significantly boosted, and it is mainly purchased on demand. Therefore, from August to now, the overall demand performance of the market of silicon metal has been poor, and the market support for silicon metal is insufficient.
Market analysis
At present, the market of silicon metal is in a wait-and-see mood, and the industry is cautious, and the transmission between supply and demand is still relatively slow. The silicon metal data analyst of Business Company believes that in the short term, the domestic market of silicon metal will mainly adjust in a narrow range, and the specific trend needs to pay more attention to the changes in the news on the supply and demand side.
Post time: Sep-12-2024
