According to the analysis of the Business Society’s market monitoring system, on October 18th, the domestic market price of silicon metal # 441 was based on 12020 yuan/ton. Compared with October 14th, the price remained stable. Compared with October 1st, the price increased by 60 yuan/ton. Compared with September 1st (the market price of silicon metal # 441 was 11980 yuan/ton), the price increased by 40 yuan/ton, an increase of 0.33%.

From the market monitoring system of Shengyi Society, it can be seen that this week (October 14-1018), the overall market situation of domestic silicon metal # 441 showed a consolidation and operation, with little fluctuation in the overall market, and the market has stabilized. On October 18th, the market price reference for metal silicon # 441 in East China was 11900-12000 yuan/ton, and the market price reference for metal silicon # 441 in Kunming was 12100-12200 yuan/ton.

In terms of supply and demand: Currently, the spot market price of silicon metal supply side is basically stable, and the overall demand for silicon metal downstream is mainly based on on-demand procurement. Although downstream users have weak purchasing intentions, the quotes of silicon companies on the supply side are mostly stable and firm, with weak willingness to lower prices. The supply and demand transmission of silicon metal is clearly deadlocked.

In terms of raw materials: Currently, the overall market price of raw silica remains stable, with relatively loose supply. It is heard that silicon companies in the southwest region have plans to shut down production this month, and the demand for silica may decrease in the future. At present, the reference ex factory price for high-grade silica ore in Jiangxi is around 440-460 yuan/ton, the reference ex factory price for high-grade silica ore in Inner Mongolia is around 370-390 yuan/ton, and the reference ex factory price for high-grade silica ore in Hubei is 420-470 yuan/ton.

Market analysis in the future

At present, the overall trading atmosphere in the metal silicon market is mild, and the mentality of market participants is average. The metal silicon data analyst from Shengyi Society believes that in the short term, the domestic metal silicon market will mainly adjust and operate within a narrow range, and the specific trend still needs to pay more attention to changes in supply and demand news.