Metal silicon prices continue to fall

Today, the price of metallurgical-grade silicon metal in China continued to fall, and fell again by 100-200 yuan/ton today. The release of demand at the end of the Lunar New Year continued to be poor, and the market’s psychology of buying high and not buying low was more obvious. The futures market returned to the weak downward channel, resulting in relatively poor market mentality and emotions. In addition, the Spring Festival travel officially started yesterday, and the freight rate rose and the difficulty of delivery increased. The downstream inquiries and purchases were also gradually reduced; the price of chemical-grade silicon metal continued to fall, and the overall market was still under weak pressure. The downstream purchase price-cutting psychology was more obvious. The tax-inclusive factory acceptance price for raw material purchases of some monomer factories has successively fallen below the 12,000 yuan/ton mark. Due to the weak performance on the demand side, the progress of destocking is relatively slow at this stage; the price decline of non-standard silicon has gradually slowed down, and the factory’s external quotation is mainly stable. With the start of the Spring Festival travel and the approach of the Spring Festival, downstream inquiries and purchases have gradually decreased, and the weak situation is difficult to change in the short term.


Post time: Jan-15-2025