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[SMM Analysis] supply increases, Silicon prices fall weakly
Jun 21,2019 18:22CST
translation
Source:SMM
Low-grade silicon prices began to fall this week, Huangpu Port oxygen 553 # silicon trading price fell to 10600 yuan / ton, Tianjin Port oxygen 553 # silicon below 11300 yuan / ton.
The content below was translated by Tencent automatically for reference.

SMM6 21-month news: this week low-grade silicon prices began to fall, Huangpu Port oxygen 553 # silicon trading price fell to 10600 yuan / ton, Tianjin Port oxygen 553 # silicon below 11300 yuan / ton. At the same time of the increase in supply pressure, downstream consumption is becoming weaker, and the general difficulty of shipping by the shipowners has also been reduced accordingly.

On the supply side, the rainfall of Dehong in Yunnan increased and the silicon plant opened more and more. Baoshan, Dehong and Nujiang, the main producing areas in the province, basically returned to the level of abundant water season, but it was still lower than the same period last year. The output of the newly opened silicon plant is completely normal until the end of June. The opening rate of Xinjiang in the northern producing area has increased slightly, and the opening of the Xinjiang silicon plant may return to the normal supply level in early July due to the solution of the raw material problem. Demand-side aluminum alloy, organosilicon, polysilicon three downstream are in the seasonal off-season, June start month compared to continue to weaken. At the same time of the decline in production, due to the decline in the price of finished products, many downstream enterprises began to look for ways to reduce costs and increase efficiency, which is more obvious in the purchase of raw materials.

Generally speaking, the fundamentals of metal silicon are weak at this stage, and the trend of decline may continue in the near future. (SMM Yang Xiaoting)

If you would like to know more about the market information and market trends, or have other information needs, please dial 021 # 51666895, contact: Ms. Yang.

 

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