Industrial silicon futures have been rising continuously, but terminal purchasing has been slightly negative
At present, industrial silicon factories are experiencing both increased and reduced
production: some factories have temporarily shut down their furnaces for a few days due
to power station maintenance, while some enterprises in Sichuan and Yunnan regions are
gradually resuming production. It is expected that the concentration will be relatively high
in early June. Although there are occasional reports from downstream users about resuming
production, the actual increase is limited. With the arrival of the wet season, the supply
volume will increase, and the contradiction between supply and demand may further
intensify.
The industrial silicon futures market has been rising slowly and continuously recently and
has broken through the high level. In terms of spot goods, downstream purchasing is
passive. After making many inquiries, they are waiting and seeing, or negotiating with
long-term suppliers on a case-by-case basis. The extent of price increase is limited. Some
polysilicon factories have been unable to enter the negotiation stage for a long time after
making inquiries, and their orders have been put on hold. There are no major positive
factors to support the spot market for the time being. The trading model of the industrial
silicon market has shifted from the traditional "buying when prices are rising but not when
they are falling" to "buying when prices are falling but not when they are rising".
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