Low-grade silicon metal prices slightly declined, while high-grade silicon metal prices held largely flat

This week, in the spot market, low-grade silicon metal prices slightly declined, while high-grade silicon metal prices held largely flat. These are silicon metal prices (by type) as of June 20 and their WoW changes: standard #553 silicon metal in East China (12,700-12,900 yuan/mt, -100 yuan/mt WoW), above-standard #553 silicon metal (13,000-13,100 yuan/mt, -50 yuan/mt WoW)), #441 silicon metal (13,200-13,400 yuan/mt, -50 yuan/mt WoW), #421 silicon metal (13,500-13,700 yuan/mt, flat WoW), and #3303 silicon metal (14,000-14,100 yuan/mt, flat WoW). The silicon metal spot market saw sluggish transactions during the week, with downstream mainly maintaining inventory digestion and restocking as needed. In the first half of the week, the price of the Si2407 contract fluctuated downward. Recently, the prices of silicon metal (Si≥97%) and secondary silicon have also declined, with the ex-factory price of #1503 silicon metal (Si≥97%) at around 11,900 yuan/mt and #331 secondary silicon at around 13,300 yuan/mt.

On Thursday, the online quotation of Hoshine increased by 100 yuan/mt. After the price adjustment, the enthusiasm of downstream and traders for purchasing or restocking was not stimulated, and market sentiment was generally moderate. In the short term, spot prices are expected to fluctuate downward.