Industrial Silicon Market Remains Weak As Local Transactions Fall Below 10,000 Yuan Mark
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Industrial Silicon Market Remains Weak as Local Transactions Fall Below 10,000 Yuan Mark
The industrial silicon market continues to weaken, with mainstream prices declining due to weak supply and demand dynamics. The current market presents three major characteristics:
Weak Terminal Demand: While there are plans to resume polysilicon production, the changes remain insignificant. The operating rates of downstream industries, such as silicone and aluminum alloy, have declined year-on-year. Additionally, a bearish sentiment prevails in the market. Factories are maintaining a rigid demand-based procurement strategy, and the willingness to replenish inventory remains sluggish.
Futures Market Pressure Accelerating Spot Price Decline: Deep discounts in the futures market have further pressured spot prices. To mitigate inventory risks, futures and spot traders are actively offloading goods, causing transaction prices to decline further. The price of low-grade industrial silicon from Tongyang has fallen below the 10,000 yuan mark, and the price gap between high- and low-grade products continues to narrow, reflecting shrinking demand across the entire supply chain.
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