SunSirs: The Silicon Market Experienced a Slight Decline in September

https://www.chemnet.com   Oct 08,2024 SunSirs

Price trend

Price trend

According to the analysis of the SunSirs’ market monitoring system, on September 30th, the reference price for the domestic market of silicon # 441 was 11,960 RMB/ton. Compared with September 1st (market price of silicon # 441 was 11,980 RMB/ton), the price decreased by 20 RMB/ton. Compared with August 1st (market price of silicon # 441 was 12,100 RMB/ton), the price decreased by 140 RMB/ton, a decrease of 1.16%.

Analysis review

According to the SunSirs’ Market Analysis System, in September, the overall performance of the domestic silicon # 441 market showed a slight downward trend. In early September, the market price of Silicon # 441 remained relatively stable, with a focus on consolidation and operation. As of September 15th, the reference market price for Silicon 441 in East China was 11,800-12,000 RMB/ton, and in Kunming, China, it was 12,000-12,300 RMB/ton.

In late September, the market for silicon # 441 experienced a slight decline, with prices in the Huangpu Port area experiencing a narrow downward trend of around 50 RMB/ton. Subsequently, the market price of metallic silicon # 441 in Kunming area also saw a narrow decline, with a decrease of about 100 RMB/ton. As of September 29th, the reference price for silicon # 441 in Huangpu Port area of China was around 11,800-11,900 RMB/ton, and the reference price for silicon # 441 in Kunming area of China was around 12,000-12,200 RMB/ton. The reference market price for silicon 441 in Tianjin Port area in China was 11,700-11,900 RMB/ton.

Market outlook

As of September 30th, the overall market volatility of the silicon market was not significant, and downstream demand for stocking was still cautious. Some regions adjusted prices narrowly due to demand, and the overall support for the silicon market was average. The silicon data analyst from SunSirs believes that in the short term, the domestic silicon market will mainly adjust within a certain range, and specific changes in supply and demand news need to be closely monitored.

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