SMM

[Sluggish Procurement Sentiment on the Demand Side, Stalemate in Silicon Metal Price Negotiation]: Silicon Metal: This week, spot silicon metal prices remained mostly stable, with slight declines in prices for certain specifications. As of February 20, the mainstream transaction prices for above-standard #553 silicon in east China were 10,700-10,900 yuan/mt, down 50 yuan/mt WoW. The silicon (Si≥97%) market prices remained stable recently, while the secondary silicon market saw weaker transaction prices for some orders due to obstructed transactions. Polysilicon: This week, the mainstream transaction prices for N-type recharging polysilicon were 39-45 yuan/kg, and for N-type dense polysilicon were 38-42 yuan/kg. The transaction range for polysilicon remained unchanged, with limited transactions in the polysilicon market this week. After a few minor transactions last week, the market gradually returned to sluggish conditions, with polysilicon prices temporarily stabilizing due to downstream demand. Currently, polysilicon inventory continued to increase this week, and some capacity may resume or commence production in the future.