The price of silicon coal, a raw material for silicon metal, remained stable, while the price of petroleum coke is expected to fluctuate and consolidate in the short term. [SMM Weekly Review of Silicon Metal Raw Materials]

Published: Apr 24, 2025 13:14

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The price of silicon coal, a raw material for silicon metal, remained stable this week, while the price of petroleum coke was mainly characterized by short-term fluctuations. Overall, the demand for raw materials for silicon metal remained weak. Although the price of silicon coal remained stable, there was still some room for negotiation in actual transactions. For petroleum coke, the shutdown and maintenance of many refineries provided a bottom support for its price. Despite the low buying sentiment among downstream enterprises, the price of petroleum coke was still dominated by short-term fluctuations.

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Silica: Silica market prices remained stable this week. Currently, the mine-mouth price of high-grade silica in Hubei is 350-420 yuan/mt. The mine-mouth price of high-grade silica in Inner Mongolia is 320-370 yuan/mt. The mine-mouth price of high-grade silica in Guangxi is 360-380 yuan/mt. The mine-mouth price of high-grade silica in Guizhou is 290-330 yuan/mt. In terms of supply, the market remains loose. On the demand side, given the continued downturn in the silicon metal market, most silicon plants are operating at low rates, and confidence in the future market is weak. Purchases of silica are only maintaining basic just-in-time procurement, resulting in weak demand and low market activity.

Silicon Coal: Silicon coal market prices remained stable this week, but actual transactions retained some room for negotiation. Currently, the price of non-caking silicon coal in Xinjiang is 1,040-1,060 yuan/mt, while the price of silicon coal in Xinjiang is 1,550-1,650 yuan/mt. The price of silicon coal in Ningxia is 1,030-1,050 yuan/mt, and the price of silicon coal (granular) in Ningxia is 1,180-1,380 yuan/mt. The price of silicon coal in Shaanxi is 800-900 yuan/mt. The price of mixed silicon coal in Gansu is 1,030-1,050 yuan/mt, and the price of silicon coal (granular) in Gansu is 1,190-1,210 yuan/mt. On the demand side, the operating rates of silicon metal enterprises remain low, and overall demand is sluggish.

Petroleum Coke: According to the latest market conditions, refinery shipments showed mediocre performance this week, and downstream companies' buying sentiment was weak. Refinery petroleum coke prices were stable with a slight decline. According to SMM data, the average price of petroleum coke from local refineries was approximately 2,522 yuan/mt, down 0.79% WoW. The trading of Formosa Plastics petroleum coke showed no significant fluctuations this week, and downstream purchases were poor. The current market price is between 1,200-1,250 yuan/mt. Overall, many petroleum coke refineries are undergoing maintenance shutdowns, providing bottom support for petroleum coke prices. However, downstream companies' buying sentiment remains weak, so SMM expects petroleum coke prices to consolidate in the short term.

Electrodes: Electrode prices remained low and stable this week. The silicon metal market continues to be sluggish, and silicon plants' demand for electrodes is only maintaining purchasing as needed. Therefore, in the short term, electrode prices are expected to remain stable. The ex-factory price of ordinary power carbon electrodes (diameter 960-1,100mm) is 7,400-7,800 yuan/mt. The ex-factory price of ordinary power graphite electrodes (diameter 960-1,100mm) is 11,000-12,000 yuan/mt. The ex-factory price of ordinary power graphite electrodes (diameter 1,272mm) is 12,000-13,000 yuan/mt. The ex-factory price of ordinary power graphite electrodes (diameter 1,320mm) is 13,000-14,000 yuan/mt.

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