Silicon Industry Sub-association: Strong Wait-and-see Sentiment in Industrial Silicon Market, Prices Holding Steady.

On March 6, the Silicon Industry Branch announced that the spot prices of industrial silicon remained stable this week. The mainstream prices for metallurgical grade industrial silicon were 14,100-15,000 yuan/ton, while the mainstream prices for chemical grade industrial silicon were 15,000-15,600 yuan/ton. This week, a comprehensive price was added to reflect the current situation of industrial silicon spot prices, with the comprehensive prices in various regions being: 14,445 yuan/ton in Xinjiang, 15,258 yuan/ton in Yunnan, 16,916 yuan/ton in Fujian, and 15,300 yuan/ton in Sichuan. FOB prices fell by 30-50 dollars/ton. The market atmosphere this week is still cautious, but after this round of price adjustments, downstream acceptance of industrial silicon spot prices has gradually increased. There has been a slight increase in purchase orders and a willingness to replenish stock. Currently, prices remain stable. On the supply side, the market supply is relatively stable, with a North-South disparity. Xinjiang region has been slow to resume production due to adverse weather conditions, while the South maintains a low operating rate. However, there are plans to increase production in the North. On the demand side, the support from silicone plants has maintained a high operating rate, with new capacity expected to be put into operation in March. With the traditional peak consumption season approaching, demand for industrial silicon is expected to increase. Polysilicon prices are stable or slightly lower, but with new production capacity coming online, demand for industrial silicon is expected to increase. Aluminum alloy plants are purchasing on an as-needed basis. In the past week (February 29-March 6), the main contract 2404 closed at 13,235 yuan/ton, up 75 yuan/ton, or 0.57%, from 13,160 yuan/ton. Today, the main contract switched to 2405, closing at 13,290 yuan/ton. The national comprehensive price was 14,961 yuan/ton, 553 national comprehensive price was 14,873 yuan/ton, and 421 national comprehensive price was 15,359 yuan/ton, which is basically consistent with the 421 futures delivery price, but the spot price of 553 is significantly higher than the futures price. Overall, the industrial silicon market is showing a pattern of increasing supply and demand, but there are still 240,000 tons of warehouse receipts, which puts pressure on the spot market. The market sentiment remains cautious, and prices are already at the bottom range. With support from production costs at the lower end, the industrial silicon spot price is expected to fluctuate at the bottom.