industrial silicon analysis

Today, the spot price of industrial silicon is running in a narrow range, and the market inquiry has increased. At present, East China Oxygen-553 # silicon is at 10800-11000 yuan/ton, and East China 421# silicon is at 11500-11700 yuan/ton. In terms of production, Yunnan, Inner Mongolia, Ningxia and Shaanxi in the production of silicon enterprises, raw material graphite electrodes and petroleum coke prices rose, supporting the local silicon factory quotes, the above weekly supply was generally stable, the market inquiry increased, the purchase intention gradually emerged, but the market inventory is high, the current consumption is not smooth enough, the actual transaction is general. The basis difference in each region is significantly stronger, but there is a certain gap in the quotation of the same brand in the same region, the market quotation is relatively chaotic, the new warehouse receipt is more than a period of turnover between the current business, and the volume of the warehouse receipt actually flows downstream is limited. In terms of futures, today's industrial silicon futures main contract si2505 closed at 10,815, up 0.23%, reducing positions by 834 lots to 170,500 lots, and warehouse receipts increased by 1141 lots to 67,766 lots.

Today, the price of polysilicon is running smoothly, and the industry self-discipline is implemented, and the output of polysilicon in February is about 90,000 tons, down 4.26% from the previous month. At present, the re-feeding report is 37-39 yuan/kg, the dense material offer 35-38 yuan/kg, and the cauliflower material offer 32-34 yuan/kg. Silicon link a new round of signing has not yet opened, the enterprise inventory accumulation.

Today's silicone DMC market operation improved, the mainstream trading price reference to 12600-12800 yuan/ton (water delivery). The main monomer manufacturers have not issued offers, and some downstream enterprises are affected by the bullish expectations of monomer manufacturers and begin to purchase appropriately for emergencies. The volume of new orders did not increase significantly, and we will pay close attention to the reaction of downstream customers.

In general, with the ignition and production of new industrial silicon projects, the supply is expected to increase, the current downturn in demand is difficult to change, and the high inventory level is to be actually consumed.