Silicon Metal Percument before the Coming Spring Festival

The price of China's industrial silicon market remained weak last Friday, with the market reference price of 15,115 RMB/ton, a decrease of 127 RMB/ton from last week's price; the spot market transaction situation was not good, Chinese companies signed few new orders, and some early orders have been delivered , there has been greater pressure on shipments in the near future; it is difficult to have more downstream demand for metal silicon in the short term, and it is difficult to increase silicon prices.
Some manufacturing enterprises will start to raise electricity prices this month. The increase in costs for manufacturing enterprises may accelerate the shutdown process of local enterprises. The production costs of silicon factories in many places are high. The spot price of industrial silicon 553# was reported at 14,920 RMB/ton last Friday, down 110 RMB/ton.
According to the analysis of Hainan West Asia Group, as the Spring Festival approaches, downstream stocking has basically ended, and upstream manufacturers are forced to cut prices due to shipment pressure; however, the spot price is close to the cost line and the cost line is fluctuating upwards, so the timing of stocking before the holiday should be determined.
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