Monthly Review of Metal Silicon in May

   The industrial silicon market in May saw a trend of an initial rise followed by a decline 

with narrow-range consolidation. Driven by futures capital at the start of the month, 

manufacturers generally raised their quotations. Nevertheless, downstream buyers 

remained reluctant to purchase, resulting in a market with high prices but sluggish 

trading.

   The industrial silicon market continues to operate with high inventory levels, and a 

slight inventory build-up is expected soon. Bearish sentiment remains the dominant 

fundamental driver for market transactions. Meanwhile, rising raw material costs, 

power policy adjustments and market expectations for anti-cutthroat competition 

policies may create upside potential for prices.

   Considering the upstream and downstream dynamics of the industrial silicon sector,prices are projected to maintain a volatile trend in June. Close attention should be 

paid to the resumption progress of production in southwest China and the recovery 

of downstream demand.