October -- The summary of silicon metal market

The overall price of silicon metal has been increased by USD$15.00-60.00/ton this month. As the electricity price in south China is about to rise, factories are reluctant to sell, and traders are actively preparing for goods. Due to no significant change in terminal consumption capacity, silicon metal upward trend this month is relatively slow. At present, about 20 sets of silicon smelting furnaces in sichuan and yunnan have been repaired, and the factory will be closed soon. At the end of November, the output in sichuan-yunnan region will be further reduced, so the silicon factory is still looking forward to rising.

(I) Metallurgical grade silicon metal market:

In October, the metallurgical silicon metal market as a whole was stable in the upside, and some brands appeared negative decline after National Day, but with the process of traders actively preparing goods for future transaction, the silicon metal market began to improve, and continued to run in the mode of small rise. 5 head silicon metal more active, other brands of silicon metal also continued to follow. The overall trading situation of high grade is stable. Xinjiang region of the product supply is less coupled with the difficulty of transportation, the factory quotation speed is relatively fast.

(II) Chemical grade silicon metal market:

At the end of October, the monthly price of chemical grade silicon metal has been signed, and the quotation to organic silicon factory shows a significant increase. At present, the local consumption capacity of 421# silicon metal in xinjiang region is relatively strong, under this circumstance, the quotation of 421# silicon metal is also rising steadily. With electricity prices rising in the south and transportation costs rising in the north, the terminal is also considering the difficulty of silicon plants to raise the monthly price.

Silicon metal market future forecast:

In October, silicon metal trend is relatively optimistic, but due to limited terminal consumption capacity of silicon metal, some factories do not have a strong desire to ship when they stop production. The quotation from the northern factories keeps exploring, and the overall output of the sichuan-yunnan region will be significantly reduced at the end of Nov. In its current circumstance, silicon metal will continue to rise slightly upon the acceptance of end users in November, but the upward space may limited.