SunSirs: In Early November, the Market Price of 441# Silicon Remained Stable with a Slight Upward Trend

Price trend

According to the analysis of the SunSirs' market monitoring system, on November 5th, the domestic market price of silicon #441 was 9,690 RMB/ton, an increase of 10 RMB/ton or 0.10% compared to October 31st (when the market price of silicon #441 was 9,680 RMB/ton).

In early November, the domestic market for 441# silicon saw a slight overall increase

According to the commodity market analysis system of SunSirs, the domestic spot market for silicon showed little overall fluctuation in early November, with some grades experiencing narrow adjustments. Specifically, the market for 441# silicon saw a slight upward trend, with prices in the Huangpu Port area increasing by approximately 50 RMB/ton. Prices in other regions remained mostly stable. As of November 5th, the reference price for 441# silicon in East China was 9,600-9,700 RMB/ton, for 553# (non-oxygenated) it was 9,200-9,400 RMB/ton, and for 553# (oxygenated) it was 9,400-9,500 RMB/ton.

Production and supply situation:

In October, domestic silicon production was approximately 452,200 tons, an increase of 31,400 tons (about 7.5%) month-on-month, and a decrease of 17,600 tons (4%) year-on-year. From January to October 2025, the cumulative industrial silicon production was projected to reach 3,469,900 tons, a decrease of 16.6% year-on-year. Entering November, changes in silicon supply were mainly concentrated in the Sichuan-Yunnan region. It is expected that the operating rate in the Sichuan-Yunnan region will continue to decline in November, with the overall production decrease in the region potentially exceeding 50%.

On the demand side:

As of November 5th, although the price of silicon increased slightly, the overall purchasing enthusiasm of downstream users had not seen a significant and unified boost. In some regions, downstream inquiries were still being pressured for lower prices. In the southern region, supported by reduced operating rates, there was a certain reluctance to sell, and the negotiation atmosphere in some areas had improved somewhat.

Market outlook

As of November 5th, the overall trading atmosphere in the silicon market was moderate, with downstream demand mainly driven by cautious purchasing. According to data analysts at SunSirs, the silicon market is expected to mainly be adjusted within a range in the short term, and further attention should be paid to changes in supply and demand.

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