》View SMM Silicon Product Prices
》Subscribe to View Historical Price Trends of SMM Metal Spot Market
》Click to View SMM Metal Industry Chain Database
SMM, February 6: As of February 6, the price of above-standard #553 silicon metal in east China was 10,800-10,900 yuan/mt, flat compared to pre-holiday levels; #441 silicon metal was 11,100-11,300 yuan/mt, flat compared to pre-holiday levels; #421 silicon metal (for silicone) was 12,000-12,300 yuan/mt, flat compared to pre-holiday levels; and #3303 silicon metal was 11,900-12,000 yuan/mt, flat compared to pre-holiday levels. With the end of the Chinese New Year holiday, inquiries in the silicon metal market have gradually resumed. In the spot market, the quotations from suppliers and silicon enterprises remained basically flat compared to pre-holiday levels. Traders and downstream users mainly focused on price inquiries to understand the market, with a wait-and-see sentiment, and transactions have not yet started. In the futures market, the most-traded SI2505 contract fluctuated upward, closing at 10,915 yuan/mt on February 6. Due to differences in spot and futures sources across regions, the spot-futures price spread quotations in areas such as Yunnan and Guangdong were relatively strong.
On the demand side, the operating rate of polysilicon enterprises remained basically stable compared to pre-holiday levels. Currently, polysilicon enterprises are primarily focused on consuming raw material inventory, and a new round of orders has not yet been signed. The operating rate of silicone enterprises also remained stable compared to pre-holiday levels, with recent operations expected to maintain stability. Some monomer enterprises mainly focused on inquiries after the holiday, and the quotations for #421 silicon metal from silicon enterprises remained basically flat compared to pre-holiday levels. The operating rate of aluminum-silicon alloy enterprises has gradually increased with the end of the holiday. Large secondary aluminum alloy or liquid aluminum direct supply enterprises resumed production between January 31 and February 5, while other enterprises are expected to gradually resume production between February 6 and 9, with the latest enterprises anticipated to restart around February 15.
With only two working days after the holiday, the market sentiment remains cautious, and the transaction atmosphere is not yet active. It is expected that market transactions will gradually pick up next week, with attention on changes in the operating rate of northern silicon enterprises and market sentiment among buyers and sellers.
If you would like more detailed market information and updates or have other inquiries, please call 021-51666820.
