The market is inactive and prices are difficult to rebound

    After the Spring Festival, the downstream market of industrial silicon gradually placed orders with strong demand, and the trading prices continued to bottom out and decline. Among them, the price of metallurgical grade industrial silicon dropped by 100-150 yuan per ton, and the price of 421# industrial silicon dropped by 200-400 yuan per ton. The market transaction activity is not high, which has led to many large factories having inventory overstock problems. Their sentiment is rather pessimistic and their enthusiasm for shipping has increased. In February, the resumption of work and the pace of new production by some large factories were relatively slow, which temporarily reduced the pressure of continued inventory accumulation in February. In March, without the support of favorable market conditions, the price trend of industrial silicon remained weak.