SMM Analysis Of Silicon Metal Market

SHANGHAI, Aug 24 (SMM) –

Price: There were firm offers for low-grade specifications and high-grade 3303# silicon, leading to strong transaction prices. Most demand from polysilicon enterprise and grinding plants was monitored, while aluminium alloy and DMC factories were in a wait-and-see mood.

Supply: Silicon metal output increased slowly, and supply of low-phosphorus off-grade silicon power remained tight.

Demand: Aluminium alloy: With stable operating rate of primary and secondary aluminium alloys, aluminium alloy producers consumed inventory and refilled silicon metal stocks on a need-to basis.

DMC transaction price of one factory dipped by 200 yuan/mt to 13,200 yuan/mt yesterday. A peak season in September and October is approaching, but organic silicon producers currently saw limited order intakes. Polysilicon: Polysilicon prices remained unaltered. Recently, polysilicon companies sold silicon powder tender, which need to be watched.

Inventory: SMM statistics said that social inventory of silicon metal in Huangpu port, Kunming, and Tianjin port totalled 258,000 mt as of August 18, up 9,000 mt WoW, though a small amount of inventory reduction at a few ordinary warehouses in Tianjin. The inventory build-up was largely monitored in social delivery warehouses.

Export: According to customs data, China silicon metal exports in July 2023 were 47,400 mt, down 1% MoM and down 19% YoY. Exports totalled 335,700 million mt from January to July, down 18% YoY. Import: According to customs data, China silicon metal imports in July 2023 were 50 mt, up 88% MoM, but down 98% YoY. Imports totalled 1,300 mt from January to July, a decrease of 94% YoY.