News summary
Industrial silicon futures contracts rebounded sharply, with the Si2407 contract closing at 12270 yuan/ton, an increase of more than 2%. Spot market prices continued to fall. Fundamental improvement is limited, and the dual weak pattern of supply and demand has led to insufficient motivation for high inventories. Be cautious about chasing after the market outlook. Risk factors include plant production reductions, inventory growth and changes in EU photovoltaic policies.
Newsletter text
[Industrial silicon futures prices rebounded. The Si2407 contract closed at 12270 yuan/ton, an increase of 2.5%.freevideopokeronlinemultihanddeluxe.12%】
The industrial silicon futures market showed strong shocks. The main contract Si2407 closed at 12270 yuan/ton, up 2.12% from the previous trading day. The trading volume on the day reached 235150 lots, while the open position was 115718 lots, a net increase of 6450 lots.
In terms of the spot market, the spot price of industrial silicon showed a continued loosening trend. The price of 553 in Sichuan is 12800 yuan/ton, and the price of oxygen in Xinjiang is 13050 yuan/ton; the price of 421 #in Sichuan is 13900 yuan/ton, while the prices in Yunnan, Inner Mongolia and Xinjiang are 13800 yuan/ton, 13950 yuan/ton and 13950 yuan/ton respectively.
In terms of market future prospects, the current strong shock and rebound trend is due to changes in commodity sentiment at the macro level, attractingfreevideopokeronlinemultihanddeluxeRisk appetite for long funds. However, the fundamentals have not improved significantly, and the resumption of work in Southwest China has led to a significant year-on-year increase in weekly output. On the demand side, the profits of the main products of the two major demand sectors continue to be at a loss, and the growth of demand in the silicone market is stable but limited; while the polysilicon market is affected by "insufficient demand, oversupply and high inventories", and prices continue to be under pressure.
Both supply and demand sides showed weakness, resulting in insufficient motivation for inventory removal, and both industry inventories and futures inventories showed significant growth trends. Investors in the secondary market need to pay close attention to the bottom of disk prices at the technical level. In the short term, due to the increased upward resistance, it is not advisable to chase after prices.
In terms of risk factors, market participants need to be alert to the potential impact of equipment production cuts that exceed expectations, as well as the uncertainty caused by accelerated inventory growth and changes in EU photovoltaic policies.