In early July, the overall price of metal silicon in the market showed a weak downward trend. According to the commodity market analysis system of Business Society, as of July 9, 2024, the reference price of 441 # metal silicon in the domestic market was 12930 yuan/ton, a decrease of 2.12% compared to early July, and a decrease of 4.08% compared to early June.

In June, the fundamentals of silicon metal showed a trend of increasing supply and decreasing demand. However, as we entered July, there was no significant improvement in the weak supply of silicon metal. Due to the arrival of the flood season, the overall production of silicon factories in various regions of China continued to increase, and the supply continued to grow. However, the performance of the downstream demand market for metallic silicon is still average, with slow transmission between supply and demand, and the focus of the metallic silicon market continuously sinking. As of July 9th, the domestic market price of metallic silicon 441 is referenced around 12900-13000 yuan/ton.

In terms of supply: Currently, with the arrival of the flood season, the resumption of work and production by silicon enterprises in various regions is gradually increasing. The overall operating rate of metal silicon plants is high, and there is a certain supply pressure on the supply side. Some silicon enterprises in certain regions have accumulated inventory, and the support provided by the supply side to the market is limited.

In terms of demand: Currently, the overall performance of the downstream market for metallic silicon is weak, with slow digestion of raw materials on the demand side, insufficient effective market support, and weak supply still showing signs.

Future analysis

At present, the overall performance of the metal silicon market is still weak, with a light trading atmosphere on the market. The focus of negotiations for some brands has slightly declined, and under supply pressure, some silicon companies may have maintenance plans. According to the metal silicon data analyst of Business Society, in the short term, the domestic metal silicon market will mainly adjust and operate in a narrow range, and the specific trend still needs to pay more attention to changes in supply and demand news.