Calcium Silicon Price in 2023 & Outlook in 2024 on Chinese Market

In 2023, the calcium silicon market will be in a long-term downturn. In 2023, the domestic and foreign market economies will be sluggish, and consumer depression will spread. Since the beginning of this year, the calcium silicon alloy market has been dominated by a continued downward trend due to negative demand-side constraints.

During the first quarter, the recovery of market demand was less than expected, making it difficult to trade at high levels in the calcium silicon market. As a result, prices continued to fall.

During the second quarter, due to cost pressure, the decline of calcium silicon slowed down, and factory selling prices hovered at the edge of the cost line.

In the third quarter, the price of calcium silicon was weak at first and then strengthened. From July to August, the market entered the traditional off-season. The demand side was even more sluggish, and the market transactions were not smooth. The price of calcium silicon fell to the lowest level of the whole year. However, as September came, although there was no demand in previous years However, the trend of raw materials is strong, and the cost of calcium silicon has increased significantly. Therefore, the market quotation and transaction price have been able to rise.

In the fourth quarter, the raw materials have been declining. Shaanxi electricity prices have been reduced. Coupled with the long-term weak demand, calcium silicon has once again entered a downward trend.

calcium silicon price in 2023 on China market

The Calcium Silicon Price on Chinese Market In 2023

First quarter: During early January, the start-up of calcium silicon factories in Fugu area was reduced, and there were only two normal manufacturers of national standard calcium silicon alloys. Therefore, the quotations of calcium silicon factories continued to increase, with an increase of nearly 1,000 yuan. After the Spring Festival, most downstream companies are consuming early inventory, and the calcium silicon market transaction situation is not optimistic, so prices continue to fall. In March, the Inner Mongolia calcium silicate plant resumed production, but the domestic and foreign markets were in depression. With the recovery of production capacity, the contradiction between supply and demand in the calcium silicate market became more prominent, providing opportunities for downstream price reductions.

Second quarter: The decline in calcium silicon slowed in the second quarter, and buyers and sellers were in a stalemate. In mid-April, Ningxia Zhongwei’s calcium silicate factory resumed production. However, due to intensified terminal steel losses, steel companies suspended production and reduced production in large areas, and the demand for calcium silicate dropped significantly. The calcium silicate market was unprecedentedly deserted in May. Calcium silicate plants continued to operate under pressure due to strong supply and weak demand. However, considering cost factors, calcium silicate plants struggled to stabilize prices. However, there were still signs of slight loosening in actual transactions, and the profit targets of calcium silicate plants were transformed. To reduce losses.

Third quarter: July has entered the traditional off-season for the steel and foundry industry. The demand side is full of fatigue. Coupled with the decline in raw material prices, calcium silicon cost support has weakened, and market quotations and transaction prices have once again shown a weak downward trend. The overall performance of the calcium silicon market in August was relatively calm, with little market change and a slight increase in market transactions, which played a certain role in promoting calcium silicon inventory consumption. As September comes, with the support of various favorable factors such as rising raw materials, reduced inventory, and stocking up before National Day, calcium silicate entered a continuous upward channel in mid-September.

Fourth quarter: After National Day, the shrinkage of market demand intensified, neither the upstream nor downstream of calcium silicon products were favorable, and low-priced supplies continued to flow out of the market. Therefore, it was difficult for calcium silicon alloy prices to remain strong, and prices continued to fall. Ningxia and Fugu factories took this opportunity to carry out maintenance. Since the maintenance time is short, changes in the start-up will have no impact on market prices. As domestic calcium silicate continues to decline, foreign merchants are cautious in stocking up. Even with Christmas approaching, calcium silicate exports have not experienced the boom of previous years.

Overall, in 2023, the market economy will be depressed and downstream consumption will be sluggish. The calcium silicon market will remain weak for a long time. Although the decline is not large, the overall decline is more frequent. During 2023, the maximum price difference in the calcium silicon alloy market is 1,800 yuan/ton.

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