This week, silver prices surged sharply after a pullback, contrasting with gold's fluctuating performance. Domestic and overseas silver prices strengthened in tandem, attracting significant bullish capital inflows. On Wednesday, SGE Ag (T+D) prices hit a new high of 9,040 yuan/mt, while silver prices on the London Bullion Market Association (LBMA) broke through the key target of $37/oz.
[Increasing Supply Coupled with Decreasing Demand Leads to Continuous Rise in Zinc Ingot Inventory Across Seven Regions] According to communication with SMM, as of Monday (June 19), the total zinc ingot inventory across seven regions tracked by SMM reached 79,600 mt, up 2,500 mt from June 12 and up 1,500 mt from June 16, with domestic inventory recording an increase...
[SMM Silicone Weekly Review: Low Silicon Metal Prices Weaken DMC Cost Support, Strong Sentiment for Competitive Pricing and Shipments] This week, domestic DMC prices were quoted at 10,200-10,800 yuan/mt, with the average price dropping significantly WoW. In Shandong, monomer enterprises quoted DMC prices at 10,200 yuan/mt this week, a decrease of 800 yuan/mt WoW. Other domestic monomer enterprises quoted DMC prices at 10,400-10,800 yuan/mt this week. Due to the rapid weakening of cost support in the early stage combined with sluggish demand during the off-season, DMC enterprises began to lower prices and ship products this week, repeatedly reducing prices to near the cost line. Recently, some downstream enterprises have started to enter the market for procurement, and trading volume has recovered somewhat compared to the early stage. It is expected that DMC prices will continue to fluctuate at lows supported by costs in the subsequent period.
[SMM Weekly Review: Polysilicon Production Expected to Increase, Major PV Module Manufacturers Refuse to Budge on Prices] This week, the price index of N-type polysilicon was 34 yuan/kg, with N-type recharging polysilicon priced at 33-36 yuan/kg. Polysilicon prices continued to decline, with mainstream prices of mixed polysilicon dropping to around 33 yuan/kg. Influenced by polysilicon market conditions and their own costs, silicon ingot enterprises still maintained a mindset of driving down prices. Meanwhile, the inventory issues of polysilicon enterprises persisted, and two new production/resumption bases may be added in early July. Currently, the market perceives a high probability of an increase in subsequent polysilicon supply. The market will continue to monitor the production resumption situation in Inner Mongolia.