The price of Ningxia silicon coal finally stopped falling and rebounded. The main reason for the price increase was the favorable coal market. The ex-mine price of coal increased.
However, the support from downstream demand is still insufficient. The price of industrial silicon is still at a relatively weak low level, and the overall price upward space is relatively limited. The current ex-works price of Ningxia silicon coal (mixed) is around 1490-1510 yuan/ton, and the ex-works price of Ningxia silicon coal (granular coal) is 1810-1830 yuan/ton, up 10-20 yuan/ton.
However, downstream silicon companies are currently affected by losses and have low purchasing interest. The overall demand is still relatively weak. The low water season in the southwest region continues, and silicon prices are sluggish. Therefore, there are no recent plans to prepare for the procurement of raw materials in preparation for resumption of production in the high water season. Most silicon coal traders in Ningxia reported that the main supplies are currently to silicon factories in the northwest region and a small number of silicon companies with large furnaces in Yunnan. The overall demand support is still weak.
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