Prices of Silicon Coal, a Raw Material for Silicon Metal, Reduced in Multiple Regions; Short-Term Trend for Petroleum Coke Prices Mainly Stable with a Downward Bias [[SMM Weekly Review of Silicon Metal Raw Materials]]

》Check SMM silicon product quotes

》Subscribe to view historical price trends of SMM metal spot cargo

》Click to view SMM metal industry chain database

>Silica: This week, silica market prices showed a downward trend in some regions. Currently, the ex-factory prices of high-grade silica at mine mouths in Hubei range from 350-390 yuan/mt, with an average decrease of 15 yuan/mt during the week. The ex-factory prices of high-grade silica at mine mouths in Inner Mongolia range from 320-370 yuan/mt. In Guangxi, the ex-factory prices of high-grade silica at mine mouths range from 360-380 yuan/mt. In Guizhou, the ex-factory prices of high-grade silica at mine mouths range from 290-330 yuan/mt. On the demand side, due to the continuous impact of the sluggish downstream silicon metal industry, most silicon plants in south-west China have shown weak willingness to resume production during the rainy season. Additionally, in regions such as north-west China and north China, the operating rates of silicon plants have also remained at low levels. Therefore, the demand side remains weak, and trading activity is not high.

Silicon coal: This week, the silicon coal market has been under significant pressure, with prices decreasing in many regions. Affected by the downturn in the silicon metal market, downstream demand has continued to shrink. Purchases are mainly for just-in-time restocking, and there is a strong sentiment to drive down prices. Silicon coal producers are facing increasing pressure, and the market is in a state of weak demand and difficult sales. Currently, the prices of silicon mixed coal in Gansu range from 1,010-1,030 yuan/mt, and the prices of granular coal range from 1,170-1,190 yuan/mt, both showing an average decrease of 20 yuan/mt compared to the previous period. In Xinjiang, the prices of non-caking silicon coal range from 880-920 yuan/mt, showing an average decrease of 150 yuan/mt compared to the previous period. In Ningxia, the prices of granular coal (with 5%-6% ash content) range from 1,400-1,500 yuan/mt, showing an average decrease of 50 yuan/mt compared to the previous period.

Petroleum coke: According to the latest market conditions, the shipment performance of refineries has been poor, and the buying sentiment of downstream enterprises has been low, leading to a continued downward trend in the prices of petroleum coke from refineries. According to SMM data, the average price of petroleum coke from local refineries is approximately 2,521 yuan/mt, a decrease of 0.04% from last Thursday. During the week, there was no significant fluctuation in the transaction volume of Formosa Plastics petroleum coke, and downstream purchases were poor. Currently, the market price ranges from 1,200-1,250 yuan/mt. Overall, many petroleum coke refineries are currently undergoing shutdowns for maintenance, providing bottom support for petroleum coke prices. However, the weak downstream demand for petroleum coke has formed obvious pressure on its prices. SMM expects that petroleum coke prices will mainly remain stable with a downward trend in the short term.

Electrodes: This week, electrode prices have remained stable at low levels. Continuously affected by the sluggish silicon metal market, silicon plants' purchases of electrodes have still been for just-in-time needs. Currently, the ex-factory prices of ordinary power carbon electrodes (with a diameter of 960-1,100mm) range from 7,400-7,800 yuan/mt. The ex-factory prices of ordinary power graphite electrodes (with a diameter of 960-1,100mm) range from 11,000-12,000 yuan/mt. The ex-factory prices of ordinary power graphite electrodes (with a diameter of 1,272mm) range from 12,000-13,000 yuan/mt. The ex-factory prices of ordinary power graphite electrodes (with a diameter of 1,320mm) range from 13,000-14,000 yuan/mt.

If you would like to learn more detailed market information and dynamics, or have other information needs, please call 021-51666820.