》Check SMM silicon product quotes
》Subscribe to view historical price trends of SMM metal spot
》Click to view SMM metal industry chain database
SMM reported on July 3:Silicon Metal:
This week, both spot and futures prices of silicon metal performed strongly compared to last week. In the futures market, the main continuous contract fluctuated considerably, with a high of 8,285 yuan/mt and a low of 7,705 yuan/mt. It closed at 8,010 yuan/mt on Thursday, up 290 yuan/mt WoW. In the spot market, prices of multiple grades rose. Today, SMM's oxygen-blown #553 silicon in east China is priced at 8,600-8,800 yuan/mt, up 500 yuan/mt WoW. #441 silicon is priced at 8,800-9,000 yuan/mt, up 400 yuan/mt WoW. #421 silicon is priced at 8,900-9,100 yuan/mt, up 300 yuan/mt WoW. Spot silicon metal is trading at a premium to futures prices, with spot prices following futures higher after the futures market rose. The rise in silicon prices is attributed to two factors. Firstly, large plants in Xinjiang have cut production, and there has been no news of production resumptions. Yunnan entered the rainy season in July, and a small amount of capacity is expected to resume production. However, overall, the reduction in production is greater, and the weekly production of silicon metal declined MoM. Secondly, driven by macroeconomic policy news such as "anti-cut-throat competition". In addition, the prices of various raw materials for silicon metal are at relatively low levels, and the futures prices of coking coal, which has a strong correlation with silicon coal prices, have risen, providing cost support. In terms of transactions, silicon suppliers have raised their quotes, and some users are hesitating after inquiring about prices. Market transactions are more active among downstream users such as aluminum alloy enterprises.
On the demand side, the weekly production of polysilicon enterprises increased slightly MoM, and the production schedule of polysilicon in July also increased compared to June. The weekly production of silicone enterprises decreased slightly MoM, mainly due to reduced production loads at some monomer plants during the week. From a monthly and weekly perspective, the production of silicone in July is expected to increase slightly MoM, and the demand for silicon metal is moderate. The weekly operating rate of aluminum-silicon alloy enterprises weakened slightly, mainly due to weak orders during the off-season. Downstream users with low raw material inventory levels restocked as silicon prices rose during the week.
In terms of inventory, according to SMM data, inventory shifted from in-plant to social inventory. The weekly social inventory in major regions increased MoM, with a relatively large amount of inventory in the intermediate links. From the perspective of supply-demand balance, there was a small supply gap for silicon metal in June. Whether destocking can continue in July depends on the production resumptions or cuts at large plants.
Polysilicon:This week, the price index of N-type polysilicon is 35.6 yuan/kg, the price of N-type recharging polysilicon is 36 yuan/kg, and the price of granular polysilicon is 34 yuan/kg. Polysilicon prices rose, but transactions were limited this week, mainly due to the impact of polysilicon enterprises' quotes. Enterprises exercised self-discipline in quoting based on cost prices. On July 1, the government held the sixth meeting of the Central Financial and Economic Affairs Commission, which once again mentioned "anti-cut-throat competition" and the need to regulate enterprises' low-price and unnecessary competition in accordance with laws and regulations, which also played a certain role in promoting the market. Currently, wafer enterprises have not yet universally and formally accepted the quoted prices, and further developments remain to be seen.
Wafer: This week, the price of N-type 183 wafers is 0.85-0.88 yuan/piece, the price of 210R wafers is 0.98-1 yuan/piece, and the price of 210 wafers is 1.18-1.2 yuan/piece. Wafer prices continue to weaken, with downstream price-driving remaining prevalent, leading to a subsequent decline in prices. Recently, industry conferences have been held frequently, with the government setting clear goals to combat cut-throat competition. A rebound in polysilicon quoted prices may provide some support for wafers.
If you would like to know more detailed market information and trends, or have other information needs, please call 021-51666820.
