Today, the price of domestic metallurgical-grade silicon metal remained stable and consolidated. Although a small amount of demand was released after the holiday, market inquiries and transactions increased, but the overall sluggish demand remained unchanged, and with the ignition and commissioning of some new projects, there is an expectation of incremental supply in the future. The industry’s confidence in the future market is slightly insufficient, and the high social inventory level needs time to digest; the price of chemical-grade silicon metal remained stable, and there was no obvious sign of fluctuation in the overall market. The futures market trend tended to fluctuate in a narrow range. Most of the new warehouse receipts were traded between futures and spot traders, and the actual volume of warehouse receipts flowing downstream was relatively limited. Although downstream cyclical purchases have been launched one after another, the situation of stable price pressure still exists, and the stalemate and game of supply and demand are still continuing; the weak consolidation of foreign silicon prices has not changed. There has been no fluctuation in the market since the holiday. The mentality and emotions of industry insiders are relatively calm, and attention is paid to the further development and changes of the subsequent supply and demand situation. At the same time, after the main futures prices closed slightly higher yesterday, the prices weakened and fell slightly this morning. At noon, the prices fell by 75 yuan/ton to 10,735 yuan/ton, a drop of 0.69%. The main black futures contracts were mostly volatile and weak in the morning. Except for stainless steel futures, which rose slightly, the prices of other varieties fell slightly.
Post time: Feb-13-2025
