According to the analysis of the Business Society’s market monitoring system, on July 17th, the reference market price for domestic silicon metal # 441 was 12760 yuan/ton, which was lower than July 1st (market price of silicon metal # 441 was 13210 yuan/ton), and the price was 450 yuan/ton in the summer, a decrease of 3.41%.

Since July, the domestic silicon metal market has shown an overall downward trend. The effective support within the silicon metal market is insufficient, and the market price center continues to move towards lower levels. As of July 17th, the domestic silicon metal # 441 market price reference is around 12600-12800 yuan/ton.

On the supply side: In July, the metal silicon market entered a period of high demand, and the production of metal silicon devices continued to increase. Currently, the overall operating rate is at a high level, and the supply side has sufficient supply. Some regions are under pressure to ship, and the support provided by the supply side to the metal silicon market is limited.

On the demand side: Currently, although the market price of silicon metal supply continues to decline, the overall response of downstream demand is still average. Downstream purchasing is cautious, and the overall supply and demand transmission is slow. The cautious demand support provided by the demand side is weak.

Downstream: Since July, the downstream organic silicon DMC market of metal silicon has shown a weak downward trend. At the beginning of the month, the organic silicon DMC market was weak and adjusted slightly, and the overall market adjustment was not significant. The overall quotation of the organic silicon DMC market remained stable. Later, as the middle of the month approached, Shandong’s organic silicon DMC major factories broke the calm and lowered the price of organic silicon DMC by 13400 yuan/ton, driving the overall market trend to explore downward. As of July 16th, the domestic market price reference for organic silicon DMC is around 13300-13700 yuan/ton.

Market analysis in the future

At present, the overall trading atmosphere in the metal silicon market is relatively weak. Affected by the negative market trend of continuous decline, many metal silicon industry players are closing down and not reporting, and there is a strong wait-and-see sentiment in the market. The overall stimulus given to downstream demand market by the continuous decline in the market is still average. The improvement of the weak supply of metal silicon is still not obvious. The metal silicon data analyst of Shengyi Society believes that in the short term, the domestic metal silicon market will mainly adjust and operate weakly, and the specific trend needs to pay more attention to the changes in supply and demand news.