20240206-兴证期货-工业硅日度报告_7页_578kb

报告摘要

The report provides an overview of the industrial silicon market for February 6, 2024, focusing on prices, supply, demand, and outlook.

Industrial Silicon:
-华东 region: Unrefined 553# silicon at 14850 yuan/ton, refined 553# silicon at 15000 yuan/ton; 421# silicon at various prices.
-其他 regions: Similar price ranges stabilize or adjust slightly with minor changes.
Polycrystalline Silicon: Densified grade at 58 yuan/kg, cauliflower grade at 525 yuan/kg; prices remained steady.
Organic Silicon: DMC at around 15300 yuan/ton; 107胶 and silicon oil at 15450 and 15900 yuan/ton respectively.
Aluminum Alloys: SMMA00 aluminum at 18940 yuan/ton, A356 at 19550 yuan/ton, ADC12 at 20000 yuan/ton; demand impacted by春节 holiday.

Supply decreased in 2024, with reduced output from regions like云南 and新疆, and fewer operating furnaces.
Cost differences: 云南 and四川 have higher costs due to factors like枯水期电价;四川's production cost rose significantly month-over-month.

Demand side showed a downturn, with reduced procurement in organic silicon and polycrystalline silicon sectors.
Aluminum alloy demand slowed due to节假日 factors, with inventory accumulating from slower inventory buildup.

Prices are expected to stay stable through the holiday period. If demand increases post-holiday, prices may rise, supported by seasonal trends.

Significant developments include upgrades at Rongsheng Silicon Industry in multi-crystalline silicon production and expansion projects in photovoltaic components by companies like环宇光伏。