According to the analysis of the Business Society’s market monitoring system, on February 21st, the domestic market price of silicon metal # 441 was based on 11220 yuan/ton, which was basically the same as February 1st. Compared with January 1st (the market price of silicon metal # 441 was 11690 yuan/ton), the price decreased by 470 yuan/ton, a decrease of 4.02%.
From the market monitoring system of Shengyi Society, it can be seen that this week (2.17-2.21), the domestic spot market for silicon metal # 441 was mainly in consolidation and operation. During the week, the overall volatility of the spot market for silicon metal 441 # was not significant, and the market performance was relatively stable. During the week, other silicon metal grades such as 553, 552, 421 experienced a narrow downward trend in market conditions. As of February 21st, in the East China region of China, the reference price for metal silicon 441 # is around 11100~11300 yuan/ton, in the Kunming region it is around 11300~11500 yuan/ton, in the Huangpu Port region it is around 11100~11300 yuan/ton, and in the Tianjin region it is around 11000~11100 yuan/ton.
Analysis of Market Factors
On the supply side: Currently, although the market price of metal silicon 441 # is temporarily stable, some grades in the metal silicon market have loosened their prices this week, which has a certain impact on the mentality of the market. There is a small-scale destocking in the market, and there is still some pressure on the overall supply side.
In terms of demand: Currently, downstream demand for metallic silicon is mainly driven by rigid procurement, with average on-site transactions and limited market support from the demand side.
Market analysis in the future
At present, the trading atmosphere in the metal silicon market is mild, and the supply and demand transmission is weak and constant. The metal silicon data analyst of Business Society predicts that in the short term, the domestic metal silicon market will mainly adjust and operate in a narrow range, and specific changes in supply and demand news need to be closely monitored.
| http://www.polyvinylalcohols.com |