Silicon metal remained sluggish in December

    This month, the price of metallurgical grade industrial silicon has dropped by 300 to 500 yuan per ton, and the price of chemical grade has dropped by 400 yuan per ton. Spot trading remains sluggish. Market transactions are mainly based on futures pricing. Silicon factories are actively selling at lower prices, but downstream demand is weak. There is severe price reduction for essential orders, and many middlemen are also selling off their inventories. Although a major factory in the north has reduced production and the supply and demand relationship has eased somewhat, the buyer's market is not convinced. The trading period for industrial silicon in the early spring is rather limited. Without support, the silicon price is unlikely to improve next month.