Silicon Industry Association: Cost and supply provide dual support, industrial silicon prices fluctuate slightly upward

This week, the industrial silicon market saw a slight increase in the linkage between futures and spot prices, with the main contract 2601 closing at 9,390 yuan/ton, up from 9,145 yuan/ton. The national comprehensive price of industrial silicon is 9,250 yuan/ton, an increase of 43 yuan/ton compared to the previous period. The supply side is tightening, with electricity price increases in the southwest region leading to higher production costs, while high social inventory suppresses prices. Demand remains weak, with low procurement demand and limited improvement in end consumption. Overall, industrial silicon has seen a slight increase amid the interplay between cost support and weak demand with high inventory

Commodity futures closed, with the main contract for lithium carbonate hitting the limit down, Shanghai silver, red dates, and container shipping European line falling over 3%, industrial silicon, LU fuel oil, and palm oil dropping over 2%, and BR rubber and pulp declining nearly 2%. Starch and corn rose over 1%

The A-share silicone sector surged in the afternoon, with Dongyue rising nearly 10%, and Chenguang New Materials, GUIBAO TECH, YANGZHOU CHENHUA, Jiangxi Hungpai New Material, and Hoshine Silicon also following suit

Silicon Industry Association: This week, the linkage between industrial silicon futures and spot prices led to a slight increase in prices, but weak demand has not improved

This week, the industrial silicon market saw a slight increase in both futures and spot prices under the support of supply contraction and cost support, but the weak demand has not improved. The closing price of the main contract 2601 rose by 130 yuan/ton, and the comprehensive price increased by 33 yuan/ton. Production cuts in the southwest and rising costs in Xinjiang support prices, but the recovery of downstream demand is the key variable. The domestic spot market has low transaction activity, with firm quotations. The reduction in supply and rising costs are driving price increases

Hoshine Silicon Industry's shareholder to unload stake

Hoshine Silicon Industry's shareholder to unload stake