Industrial silicon analysis

Today, the spot price of industrial silicon was weak and the overall market was flat. From the supply side, at present, the start of production in the southwest production area is close to the low level, and some small and medium-sized silicon plants in the northwest Xinjiang production area receive orders to early January, but are subject to cost pressure, if the subsequent price performance continues to be weak, it is possible to stop production before the Spring Festival, while the large factory may resume production before the Spring Festival is low, although the short-term supply side pressure has been reduced, but because the downstream polysilicon production reduction rate continues to increase. Industrial silicon inventory levels are expected to be difficult to fall before the Spring Festival.
Downstream point of view, polysilicon futures listed today, the opening hit 14% up limit, after falling back, the floor for the current price of long and short views are different, the industry inventory this month to maintain the situation, but consider the downstream stock in advance, so before and after the Spring Festival prices are still under pressure.
At the futures end, today's industrial silicon futures main contract si2502 closed at 11190, down 2.78%, a significant decline, recovering the gains of the first three days of the week, adding 22,438 hands, the current main position is 175,900 hands, and the turnover is 14.623 billion yuan. Today, the main force of industrial silicon futures si2502 opened higher and lower, the price opened the peak within the day, the price quickly fell to 11265, and then began to fluctuate in a narrow range, and continued to decline to the close at noon, the intra-day price decline was smooth, without obvious resistance, and the lowest price since the contract was listed was refreshed 11180 points. The daily amplitude continued to expand to 3.87%, the daily K line was a large negative line, the solid part swallowed the previous three days of the positive line, and the warehouse receipt continued to increase by 1752 to 47,970.
Overall, today's polysilicon futures listing did not bring the expected rise in industrial silicon, the disk fell to the lowest point of the contract, polysilicon continuous production cuts on industrial silicon prices, short-term industrial silicon prices are expected to improve.

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