Since the fourth quarter of this year, many demand supports for industrial silicon have failed. In the downstream demand, silicone and silicon alloys, which were originally weak, continued to be depressed, and the expected demand for replenishment did not appear. Polysilicon, which has always been strong, has also declined, and demand support is in a comprehensive emergency. In this context, all parties in the market have high hopes for the listing of industrial silicon futures.

Some people in the head company told the Cailian reporter that they are optimistic about industrial silicon futures to increase trading activity, which in turn pushes up prices. Industry analysts are also optimistic about the performance of industrial silicon futures after listing. "Industrial silicon futures have a special positioning and are the first new energy metal futures in China. It is expected that the market will be more enthusiastic. "

However, with the release of the first day trading data, market expectations were dashed.

18 On February 22nd, industrial silicon futures were listed. The benchmark price of the main contract (si2308) was 18550 yuan/ton, which once rose to 19720 yuan/ton in intraday trading, but finally closed at 183 10 yuan/ton, down 65438+.

Regarding the performance of industrial silicon on the first trading day, galaxy futures analysts said in an interview that there were 28,700 lots of transactions and 4,700 lots of positions on that day, and the market activity was low. "The benchmark price for listing is close to the production cost line in the southwest producing area, and industrial silicon producers and traders have insufficient hedging motivation."

In the spot market, the industrial silicon market continues to be weak. According to the market data on 22nd, the reference price of domestic industrial silicon market is 190 18 yuan/ton, which is down 187 yuan/ton compared with the previous statistical day, and the prices of industrial silicon of all brands have declined.

In this regard, Zhuo Chuang information analyst Yu said that the weak downstream demand is difficult to support the upward price. It is expected that the inflection point will depend on when the terminal demand such as real estate will improve. The aforementioned galaxy futures analysts believe that the spot inventory of industrial silicon is abundant, and the downstream procurement will continue to be negative. It is expected that the short-term industrial silicon market will continue to be weak.

According to public data, the global industrial silicon production capacity is 63 1 10,000 tons, of which 4.98 million tons are concentrated in China. China is both a major exporter and a major consumer. However, for a long time, China's export pricing has always lacked the right to speak. International industrial silicon has always used the price index of British institutions as the pricing basis, while the domestic market quotation mainly refers to the price of commodity information institutions. With the rapid development of the industry in recent years, the price of industrial silicon fluctuates greatly, the supply chain of the industry continues to fluctuate, and the problem of inconsistent quotation is becoming more and more prominent.