en.Wedoany.com Reported - According to China Union Steel statistics, 25 Chinese silicon steel mills plan to produce a total of 1.047 million tons of non-oriented silicon steel in July, a decrease of 66,000 tons month-on-month, with an average daily output of 33,800 tons, down 3,300 tons from the previous month. Major mills show a stronger willingness to cut production this month. Among them, state-owned enterprise Shougang Zhixin plans a medium-term maintenance from late July to mid-August, expected to affect output by 70,000 to 80,000 tons; Baosteel Zhanjiang continues maintenance, reducing output by about 5,000 tons; Angang Group cuts production by 10,000 to 20,000 tons due to reduced orders; among private mills, Shagang Group reduces output by about 50,000 tons due to profit losses. The average price of 50WW800 grade resources in the Shanghai market is 4,662 yuan/ton, down 38 yuan/ton from last month's quotation.

In terms of non-oriented silicon steel, the planned output for July from the 25 surveyed mills is as follows: Mill A: 85,000 tons, normal production, full orders; Mill B: 48,000 tons, line maintenance, full orders; Mill C: 150,000 tons, normal production, full orders; Mill D: 100,000 tons, line maintenance, full orders; Mill E: 160,000 tons, line maintenance, full orders; Mill F: 0 tons, poor profitability, production halted; Mill G: 37,000 tons, line maintenance, full orders; Mill H: 68,000 tons, line maintenance, full orders; Mill I: 0 tons, poor profitability, production halted; Mill J: 23,000 tons, line maintenance, full orders; Mill K: 98,000 tons, line maintenance, full orders; Mill L: 68,000 tons, normal production, full orders; Mill M: 0 tons, line maintenance, production halted; Mill N: 0 tons, poor profitability, production halted; Mill O: 30,000 tons, line maintenance, full orders; Mill P: 12,000 tons, line maintenance, full orders; Mill Q: 10,000 tons, line maintenance, full orders; Mill R: 10,000 tons, line maintenance, full orders; Mill S: 15,000 tons, normal production, full orders; Mill T: 21,000 tons, normal production, full orders; Mill U: 19,000 tons, normal production, full orders; Mill V: 10,000 tons, production issues, poor orders; Mill W: 48,000 tons, normal production, full orders; Mill X: 10,000 tons, production issues, poor orders; Mill Y: 25,000 tons, normal production, poor orders. In terms of oriented silicon steel, the planned output for July from the 5 surveyed mills is as follows: Mill A: 45,000 tons, normal production, full orders; Mill B: 43,000 tons, normal production, full orders; Mill C: 5,000 tons, production issues, full orders; Mill D: 26,000 tons, normal production, full orders; Mill E: 12,000 tons, line maintenance, no external base material supply, full orders.

From the fundamental perspective of silicon steel, non-oriented silicon steel prices in July showed a trend of initial stability followed by weakness, with a decline of around 50 yuan/ton to 100 yuan/ton. Appliance end-user production scheduling has not yet started, downstream procurement is limited to rigid demand, transaction sustainability is insufficient, coupled with continuous release of mid-to-low-end silicon steel capacity, inventory slowly accumulates, and the overall market is weak. Entering August, the market faces intensified long-short competition. Raw material steel prices fluctuate repeatedly, and mills' price support willingness fluctuates with costs; end-users enter the pre-stocking window for air conditioners and motors, but end-user inventory is high, procurement is mostly on-demand, traders' speculative stockpiling sentiment cools, market quotations loosen at high levels, and covert price reductions increase. September is the traditional "Golden September" demand window, where concentrated restocking of white goods and industrial motors will drive marginal demand recovery, coupled with phased maintenance and production control by some mills, supply contracts marginally, and prices are expected to see a weak recovery. However, overall appliance production scheduling in recent years has been weak, with increments lower than previous years, coupled with concentrated release of new mid-to-low-end capacity in the third quarter, supply pressure is difficult to alleviate, limiting the rebound strength of the market.