Industrial silicon futures and spot prices saw a synchronized rebound on June 6, with the SI2507 main contract rising 2.1% to 7,290 yuan/ton while spot prices for metal silicon 553# gained 42 yuan/ton to 7,531 yuan/ton. Analysts attribute this recovery to improving macroeconomic sentiment following the recent U.S.-China leaders’ call, which eased trade war concerns and boosted commodity markets overall.
The price increase also reflects stronger cost support from raw materials, particularly coal, which has bottomed out and begun recovering. With industrial silicon prices having fallen below production costs across most of the industry, the coal price rebound has helped establish a firmer floor for silicon prices. Market observers note that producers have shown strong willingness to defend prices, having resisted further declines when prices previously dipped under 8,000 yuan/ton.
While the current rebound appears driven more by macro factors than fundamental demand improvements, analysts suggest the market may have limited additional downside given the extended period of price declines. The industry now watches for signs of whether this marks a temporary technical rebound or the beginning of a more sustained recovery cycle, with production costs and trade policy developments likely to play key roles in determining future price direction.
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