Price trend

According to an analysis by the SunSirs market monitoring system, on April 14, 2026, the benchmark market price for domestic Silicon #441 stood at 9,360 RMB/ton. This represents a decrease of 80 RMB/ton—or 0.85%—compared to April 1 (when the market price for Silicon #441 was 9,440 RMB/ton).

As April began, the market for Silicon #441 faced limited support, with prices trending lower.

In recent days, the domestic Silicon market has generally remained in a stagnant yet slightly weak consolidation phase, with the price levels for certain specifications shifting downward. As of April 14, prices in the East China region stood at 8,900–9,100 RMB/ton for oxygen-blown 553# silicon, 9,100–9,300 RMB/ton for 441# silicon, 9,200–9,400 RMB/ton for 421# silicon, and 10,100–10,300 RMB/ton for 3303# silicon.

Fundamental Analysis

Regarding demand: As of April 14, the overall operating rate within the downstream polysilicon market—a key consumer of Silicon—remained stable. In recent days, polysilicon market prices have hovered at low levels; consequently, a strong "wait-and-see" sentiment prevails in the market, leading to cautious purchasing behavior regarding Silicon feedstock. Also as of April 14, the overall operating rate among downstream silicone manufacturers remained largely stable, though some silicone monomer producers demonstrated notably reduced enthusiasm in their procurement of raw materials. Operating rates among downstream aluminum-silicon alloy manufacturers saw minimal adjustment; while operating rates remained steady among leading enterprises in the recycling sector, some small and medium-sized enterprises (SMEs) adopted a more subdued market outlook due to a shortage of downstream orders.

Supply Side: As of April 14, the overall operating rate of the domestic Silicon industry showed little change compared to the beginning of the month. The Yunnan and Sichuan regions remain in the dry season phase, keeping their overall operating rates at a low level. In the Xinjiang region, the alternating startup of new facilities and the maintenance of existing equipment resulted in limited overall change to operations, with the operating rate hovering around 75%. Overall production volume on the supply side remained largely stable; however, constrained by downstream demand, the supply side continues to face some pressure.

Market outlook

Overall, the industrial silicon market is currently characterized by a state of weak equilibrium between supply and demand. With the onset of the high-water season in the Southwest region, general market expectations point toward impending supply pressure; consequently, market fundamentals have yet to show any significant signs of improvement. Compounding this situation is an ample supply of spot industrial silicon, a tendency among some downstream users to seek out low-priced purchases, and persistent inventory pressures facing certain small-to-medium-sized silicon enterprises. As a result, the metal silicon market is expected to undergo a weak, narrow-range adjustment in the short term, with market sentiment remaining predominantly cautious. Close attention should continue to be paid to evolving developments on both the supply and demand fronts.

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