The price of silicon metal has fallen from a high level, the market is in a wait-and-see state

October 14, 2021 07:23 Source: Economic Information Daily □Reporter Li Ben Reporting from Beijing
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　　 On October 13, the bulk commodity consulting agency Baichuan Yingfu released data showing that the price of metal silicon was 54525 yuan/ton, which was 1.22% lower than the price on the 12th. During the year, the price of silicon metal continued to rise. In late September, the price had risen to 59,850 yuan/ton, but then fell back. The price on October 13 dropped by more than 8% compared to the high point, but it was still about 3 times higher than the beginning of the year.


　　Industry agencies said that due to factors such as the decline in the supply of metal silicon and the rebound in downstream demand, the price has continued to rise before, but the current downstream receiving capacity is weak, the price continues to fall, and the market is mostly in a wait-and-see state. The prices of other products in the industry chain, such as silicone DMC (Dimethylcyclosiloxane Mixture), Dimethicone, etc., remain high and sideways.


　　 Public information shows that the downstream products of the metal silicon industry chain include organic silicon, monocrystalline silicon, silicone oil, silica gel, etc., which can be widely used in construction, electronic appliances and other fields. In addition, organic silicon materials are gradually being used in emerging fields such as 5G, new energy vehicles, photovoltaics, and chip semiconductors due to their high temperature resistance, compression resistance, and electrical conductivity.


　　 Benefiting from factors such as product prices and product sales increase during the year, some listed companies in the silicon industry chain had a good news for the third quarter. Among them, Xingfa Group expects that the net profit attributable to shareholders of listed companies in the first three quarters will increase by 576.22% to 603.82% year-on-year. Due to the boom cycle in the chemical industry during the reporting period, the sales prices of the company’s main products, such as glyphosate and silicone, will increase year-on-year. Significant increase, and profitability increased significantly.


Sibao Technology, which specializes in silicone sealants and other products, said that the company expects to achieve a year-on-year increase of 10%-30% in net profit attributable to shareholders of listed companies in the first three quarters, and the company's market share in construction adhesives, industrial adhesives and other fields will increase , The number of major customers and the purchase share of solar photovoltaic adhesives have increased rapidly. Due to the continuous sharp rise in the price of raw materials, despite measures such as optimizing product structure and increasing product prices, the current net profit is still affected to a certain extent.


Huachuang Securities believes that the tight supply of silicon metal has eased, and it is expected that the short-term market price will temporarily adjust and adjust; the increase in organic silicon prices is mainly driven by the support of silicon metal costs. Due to the strong demand for the "Golden Nine and Silver Ten", manufacturers plan to overhaul in November For other reasons, supply and demand may be further tightened.


(Editor in charge: Shi Xiaojuan)