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Silicone market 20240319

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Cost level: Recently, the industrial silicon market is restricted by demand, showing a downward trend of shock. On the supply side, the number of furnaces opened in Sichuan decreased as production rates continued to decline in southwest China and profits were poor, and some silicon plants in Yunnan also planned to reduce production at the end of the month. In northwest China, as the weather gets warmer, silicon plants in Xinjiang and Gansu are gradually resuming production. However, due to the general downstream demand environment, the resumption progress is relatively slow, and the overall supply side shows a weakening trend.

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