[Industrial silicon prices are under pressure, and the short-term market is weak.] Recently, industrial silicon prices have fallen, spot prices are running low, and inventories are high. On Friday, the price of industrial silicon 2405 fell more than 5% at one point, approaching the integer level of 12,500. Polysilicon production capacity continued momentum is doubtful, silicone or production reduction, aluminum alloy is difficult to find strong support. In this context, it is expected that the short-term industrial silicon market will maintain a weak operating trend, and it is necessary to pay attention to the profit repair of silicon companies and macro sentiment changes. 1. In the spot market, the price of industrial silicon fell slightly, and the buyer’s willingness to lower the price was significant. Some holders choose to cut prices due to inventory pressure, and the market is weak. Despite the production reduction in the southwest region after the festival, its production is at a seasonal low, and the spillover impact of the production reduction is limited. At the same time, the amount of furnace opening in northwest China increased, and the subsequent production increase was expected. According to relevant data, China’s metal silicon production increased by 18% in February, and the supply pressure still exists. 2. In the silicone market, spot prices remained stable. In Northwest China, recently planned maintenance, some silicone enterprises have sealing arrangements, and production is decreasing. Aluminum alloy market, the industry started stable, but downstream orders have declined. For industrial silicon, aluminum alloy enterprises to purchase on demand, demand is difficult to find new power. Overall, the spot market is weak, the supply pressure is increasing, the downstream demand is limited, and the inventory consumption is slow, it is expected that the industrial silicon market will maintain a weak shock state in the short term.
