April Review of Silicon Metal

    In April, the spot market price of industrial silicon declined, and the futures market mainly experienced wide fluctuations. In the first half of the month, the futures market was at a low level, and the buyer's market was actively purchasing goods. The inventories of some futures and spot traders were significantly depleted. In the second half of the month, the industrial silicon futures market tended to consolidate upward. Northern silicon factories actively engaged in hedging, while the terminal market maintained a wait-and-see attitude or consumed inventories.

   The monthly supply and demand pattern of industrial silicon remains unchanged, and high inventories still exist. Therefore, inventory is a transfer phenomenon, and actual consumption has not been boosted. Under the condition that there are no obvious positive or negative factors in the market, it is expected that the spot price of industrial silicon will remain stable, and the futures market will fluctuate within the normal range.