According to an analysis by the SunSirs market monitoring system, on May 11, 2026, the benchmark domestic market price for Silicon #441 stood at 9,510 RMB/ton. This represents an increase of 120 RMB/ton—or 1.28%—compared to the price recorded on May 1 (when the market price for Silicon #441 was 9,390 RMB/ton).

Trend Review

During the holiday period in May, the Silicon market remained relatively quiet, with limited price fluctuations. Following the return from the holidays, the domestic market for Silicon 441# generally trended upward. On May 7, prices for Silicon 441# rose consecutively, starting at 9,390 RMB/ton and steadily climbing to 9,510 RMB/ton—a cumulative increase of approximately 1.28%, or 120 RMB/ton. As of May 11, reference prices for domestic Silicon 441# ranged between 9,200 and 9,700 RMB/ton.

Factors Influencing Market Trends

Regarding demand: As May began, overall output in the downstream polysilicon sector saw a slight increase, leading to steady-to-rising consumption of industrial silicon. Weekly operating rates among silicone manufacturers also edged upward, with individual monomer plants in certain regions resuming production; consequently, silicone-sector consumption of industrial silicon is projected to see a modest increase in May. Demand within the aluminum alloy industry remains stable; overall downstream demand has shown marginal improvement, resulting in strengthened demand support.

Supply Side: Currently, the lower end of the Silicon market price range has softened slightly. Overall inventory levels on the supply side remain manageable; corporate sentiment has improved, and the transmission dynamics between market supply and demand have strengthened.

Market Outlook:

Currently, the overall trading atmosphere in the Silicon market remains moderate. The improvement in rigid demand from downstream sectors has been the primary driver behind the recent round of price increases. However, looking ahead, with the onset of the high-water season, the overall operating rate within the Silicon market is expected to rise; consequently, the anticipated increase in supply carries a high degree of certainty. This factor is expected to place certain constraints on any further upward movement in prices. Therefore, in the short term, the Silicon market is projected to trade primarily within a fluctuating range, as the interplay between supply and demand continues to shape market dynamics. Specifically, market participants should pay close attention to evolving developments regarding supply-demand fundamentals and production operating rates.

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