Silicon Industry Branch: Industrial silicon market is in a wait-and-see atmosphere with prices holding steady.

On February 12th, the Silicon Industry Branch issued a statement that the spot price of industrial silicon remained stable this week. In the past week (February 6th-12th, 2025), the closing price of the main contract fluctuated from 10,865 yuan/ton to 10,815 yuan/ton, with a decrease of 0.46%. The comprehensive prices nationwide and in various regions remained stable, with FOB prices increasing by 10 USD/ton. The spot market for industrial silicon continued to remain stable this week, mainly due to the sluggish market conditions post the Spring Festival. Trading activity slowly resumed after the holiday, but buyers and sellers failed to reach a consensus on price expectations, resulting in a cautious atmosphere. On the supply side, the number of total operating furnaces in the southern region was less than 20, operating at a low level with little production fluctuation. In the northern region, major factories have plans to resume production, with specific output increases expected to be seen in March. Overall, production levels remained stable. On the demand side, maintenance of organic silicon monomer plants increased, leading to a short-term decrease in production and reduced demand for industrial silicon. Polysilicon factories operated steadily, maintaining stable demand for industrial silicon. Aluminum alloy companies gradually resumed normal production, leading to a slight increase in demand for industrial silicon. In terms of prices, the maintenance plans of organic silicon plants led to a reduction in spot supply, causing prices to rise, while polysilicon prices remained stable. Currently, there are no signs of a revival in downstream demand, limiting the upward momentum of prices. However, recent increases in petroleum coke prices, a major cost component for industrial silicon, provide some support to prices. It is expected that in the short term, the spot price of industrial silicon will continue to operate at low levels.