2024 Silicon Metal Market Price Review—Phased Downward Adjustment [SMM Analysis]

Publicado: Jan 17, 2025 11:44
[2024 Silicon Metal Market Price Review—Phased Downward Adjustment] In early January-April 2024, spot silicon metal prices showed a downward trend, with above-standard #553 silicon metal in east China dropping from 15,600 yuan/mt to 13,250 yuan/mt, a decrease of 2,350 yuan/mt or 15%. In mid-February 2024, during the Chinese New Year holiday, spot silicon metal prices continued to decline due to sluggish downstream order procurement after the holiday and increased in-plant inventory on the supply side. In March, silicon prices plummeted significantly, primarily driven by silicon producers offering discounts to boost sales and the sharp decline in the most-traded silicon futures contract, both of which stimulated the downward trend in silicon prices. From January 28 to February 4, during the Chinese New Year holiday, spot market transactions gradually concluded in the week before the holiday, and market activity gradually resumed after the holiday.

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[2024 Silicon Metal Market Price Review—Phased Downward Adjustment] In - Shanghai Metals Market (SMM)