According to the analysis of the Business Society’s market monitoring system, on November 13th, the reference market price for domestic silicon metal # 441 was 9730 yuan/ton. Compared with November 9th (reference market price for silicon metal 441 # was 9700 yuan/ton), the price has increased by 30 yuan/ton, an increase of 0.31%. On November 1st (the market price of silicon metal # 441 was 9680 yuan/ton), the price increased by 50 yuan/ton, a rise of 0.52%.
The metal silicon market has remained stable after a slight upward movement this week
From the commodity market analysis system of Shengyi Society, it can be seen that this week (11.10-11.13), the domestic spot market for silicon metal mainly operated steadily after a small rise, with some brands experiencing slight price increases. The overall market changes were within normal fluctuations. As of November 13th, the market price reference for metal silicon oxygen 553 # in East China is 9400-9600 yuan/ton, non oxygen 553 # is 9300-9400 yuan/ton, 521 # is 9600-9700 yuan/ton, 441 # is 9600-9800 yuan/ton, 421 # is 9700-9800 yuan/ton, and 421 # (for organic silicon) is 9800-10200 yuan/ton.
Fundamental situation
In terms of supply and demand: Currently, the overall supply situation in the market has improved compared to the beginning of the month, and there is also a certain mentality of price support among industry players. However, downstream demand for silicon metal is generally cautious, with limited acceptance of high prices, and overall supply and demand transmission is average.
In terms of inventory: Currently, the overall inventory of the metal silicon market has increased, and some silicon companies in the south still have a certain amount of inventory accumulation after the shutdown of production. Northern silicon companies have a weak willingness to sell at a discount, therefore, the overall supply inventory of the market has increased to a certain extent.
Market analysis in the future
At present, the overall trading atmosphere in the metal silicon market is average, and downstream demand is cautious in procurement. Inquiries are mostly kept at the low end. The metal silicon data analyst of Business Society predicts that the metal silicon market will mainly adjust and operate in a narrow range in the short term, and specific changes in supply and demand news need to be closely monitored.
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