Industrial silicon weakens again, focusing on cost support

Gold Ten Futures Special Everbright Futures Comments: On Tuesday, the main contract of industrial silicon 2409 opened low and went low, with a daily decline of more than 4%, refreshing the low point since listing. < br > 1. From the news perspective, the sudden bearish news of industrial silicon is limited, and the non-ferrous sector has collectively adjusted. Industrial silicon has returned to fundamental hype. The mismatch pressure between supply and demand is prominent, and industrial silicon is under pressure. < b > There are two main contradictions in the current industrial silicon fundamentals: one is the supply upside represented by the seasonal resumption of production in the southwest, and the other is that downstream demand is difficult to improve in the short term . In addition, warehouse receipts may be another factor driving the weakness of industrial silicon. < br > 2. Looking ahead to the market outlook, under the background of low cost, high output and weak demand, the pressure on corporate inventories is obvious. The data shows that the current industry inventory exceeds 600,000 tons. Silicon factories are actively signing orders with traders to relieve inventory pressure. There is even the possibility of making a deal, and the spot price may weaken again. Due to the constraints of superimposed warehouse receipt factors, the short-term trend of futures prices may be difficult to change. Pay attention to the support of the lowest production cost to the price.