441# silicon price trend
| Sulfamic acid |
In the first week after returning to the market, metal silicon manufacturers have raised prices one after another, with strong willingness to support prices. On February 11, the average spot price of 441# metal silicon was reported at 20840 yuan / ton, up 0.24% from that of the year before. At the end of the week, due to the low downstream operating rate and general demand, the rising power was insufficient, and the price gradually stabilized.
Supply side
After the festival, silicon plants resumed production one after another. However, due to the dry season, the southwest still maintained the shutdown state. In some areas, the resumption time was also delayed due to the high electricity price, and the output decreased slightly in January. According to statistics, the output of metal silicon in January totaled 211700 tons, a decrease of 14.9% month on month. The main areas of production reduction are the areas affected by water in Yunnan and Sichuan. It is worth mentioning that the social inventory of metal silicon is OK, and there is basically no demand at the end of 2021. Because of the high profit in the early stage and the strong willingness of silicon factory merchants to raise prices in the new year.
Demand side
In terms of organosilicon DMC, the price has risen steadily and slightly. The factory quotation of domestic organosilicon DMC is around 31000-31500 yuan / ton, and the average price is 31420 yuan / ton. The market situation has gradually recovered, and the demand for metal silicon is only maintained at the level of rigid demand. In terms of aluminum alloy, the mainstream quotation in the market is 22000 yuan / ton. The price of aluminum alloy rises with the price of aluminum, and the expectation for the future market is good, but the market trading atmosphere is poor.
Future forecast
At present, the metal silicon market is still uncertain. After the festival, the downstream demand has not been fully released. Manufacturers mainly consume inventory, the operating rate of the supply side is low, and the southwest region is still in the shutdown state. Some silicon plants say that they will not start the furnace until the wet season. The supply side is expected to be gradually reduced. In addition, the rise of raw material cost and electricity price supports the increase of business quotation, It is expected that in the short term, the supply will shrink and the price will rise. In the long term, it is also necessary to pay attention to the demand side’s inventory consumption.
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