The silicon main contract fell below 9,000 yuan/mt, the loss area of silicon enterprises expanded, and the operating rate is expected to weaken [SMM Weekly Survey on Silicon Metal]

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SMM April 18 News: According to market feedback, the weekly production of sample silicon plants in Xinjiang was 27,840 mt, with a weekly operating rate of 57%, a slight decrease WoW.

The weekly production of sample silicon enterprises in north-west China was 10,700 mt, with a weekly operating rate of 79%, a slight decline WoW. The statistical area in north-west China includes Qinghai, Ningxia, and Gansu. This week, the main futures contract for silicon metal fell sharply and broke through 9,000 yuan/mt, with the lowest point dropping to 8,710 yuan/mt. The loss area of silicon enterprises in the region expanded, production pressure increased, and production willingness declined. Expectations for production cuts strengthened, and attention was paid to changes in the operating rate in the later period.

The weekly production of sample silicon enterprises in Yunnan was 1,890 mt, with a weekly operating rate of 22%. The operating rate of sample silicon enterprises in Yunnan slightly decreased WoW, and the sample selection bias resulted in the operating rate of sample silicon enterprises in Yunnan being much higher than the overall operating rate in the Yunnan region. Few silicon enterprises in Yunnan are still in production, and recently, there has been basically no intention to resume production among the suspended enterprises.

The weekly production of sample silicon enterprises in Sichuan was 550 mt, with a weekly operating rate of 8%, a slight increase WoW. Currently, the silicon enterprises in production in Sichuan are mainly monomer plants or polysilicon enterprises. May is about to enter the transitional period from the dry season to the rainy season in Sichuan, but the silicon price has fallen too fast, and enterprises are mainly in a wait-and-see sentiment, with low intention to resume production recently.

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