SunSirs: The Domestic Market for 441# Silicon Saw a Slight Downward Adjustment in Early July

According to analysis by the SunSirs market monitoring system, the domestic market price for #441 silicon was 9,330 RMB/ton on July 10, 2026; compared to the price on July 1 (9,350 RMB/ton), this represents a decrease of 30 RMB/ton, or 0.32%.

Trend Analysis

As July began, the domestic market for 441# silicon generally experienced a slight downward trend. Early in the month, the market was characterized by weak consolidation, with minor price drops for specific grades in certain regions. On July 9, prices fell across multiple regions, with reductions ranging from approximately 50 to 100 RMB/ton. By July 10, the market showed mixed movements; while prices rebounded slightly in some areas, they continued to decline in others. As of July 10, reference prices in East China were approximately 8,900-9,100 RMB/ton for non-oxygen-grade 553#, 9,000-9,100 RMB/ton for oxygen-grade 553#, and 9,200-9,300 RMB/ton for 441#. In the Tianjin region, reference prices stood at 8,900-9,000 RMB/ton for non-oxygen-grade 553#, 8,900-9,000 RMB/ton for oxygen-grade 553#, and 9,000-9,200 RMB/ton for 441#, while oxygen-grade 553# in Inner Mongolia was priced at 8,700-8,900 RMB/ton.

Fundamentals

Regarding demand: Downstream market demand for silicon remains primarily driven by immediate needs, with users maintaining a cautious approach to stockpiling. Although the market has entered the high-water season and there are expectations of increased downstream production, overall demand support has yet to yield any significant improvement in market conditions.

On the supply side, overall inventories in the silicon market are currently ample; this loose supply exerts a certain degree of pressure on the market, and the tug-of-war between supply and demand is becoming increasingly pronounced, while the transmission of supply-demand dynamics offers little prospect for significant market improvement.

Market Outlook:

Currently, trading activity in the silicon market remains subdued, though market attention is high; no significant bullish signals have emerged. Analysts at SunSirs anticipate that the domestic market will primarily undergo a weak correction in the short term. Key factors to monitor include the resumption of production in certain regions and downstream operating rates, as well as whether supply and demand can gradually achieve balance.

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