SMM weekly silicon metal market review

This week, the silicon metal market held steady with prices flat. As of September 12, east China above-standard #553 silicon metal was priced at 11,700-11,800 yuan/mt, unchanged WoW, #441 silicon at 11,800-12,000 yuan/mt, unchanged WoW, #421 silicon (for silicone) at 12,600-12,800 yuan/mt, unchanged WoW, and #3303 silicon at 12,600-12,700 yuan/mt, unchanged WoW. Silicon company quotes remained stable, with significant inquiries from downstream users but limited actual transactions due to price mismatches. The silicon metal market saw transactions based on demand. The Si2411 contract in the futures market had noticeable price fluctuations within the week, driven mainly by macroeconomic sentiment and liquidity with minimal fundamental impact.
Leading enterprises have smoothly shipped significant orders previously, and there are still recent orders under negotiation. Their in-plant inventory levels have dropped to low levels, with no major inventory pressures for orders in the next two weeks. External quotes are largely stable and firm. Other small and medium-sized silicon companies’ quotes are also stable, though new orders are sluggish, with no significant price reductions. The market remains in a price standoff with transactions based on demand. Monitoring market sentiment and mentality changes is recommended.