The weekly (Jan 2-8) operating rate of industrial silicon in Xinjiang was 61.54%, up 0.45% from the previous week. PriceSeek's analysis of industrial silicon shows a long-short score of -1. The 0.45% increase in Xinjiang's industrial silicon operating rate to 61.54% indicates a rise in supply, exerting downward pressure on spot prices and potentially leading to price declines. In the futures market, the main contract for industrial silicon, such as Si2605, settled at 8,730 yuan per ton, down 210 yuan, with open interest increasing by 15,797 lots. This reflects a strengthening bearish sentiment in the market. Combined with the growth in supply, futures prices are expected to face further downward pressure.
Comments
0