Market Overview: Last week, the stable operation of DMC raw material prices was the main focus. Production enterprises of 107 rubber, raw rubber, mixed rubber, and silicone oil resumed work one after another, and many offers continued to follow the pre holiday prices, with overall prices remaining stable. The downstream and terminal markets are gradually recovering, and both buyers and sellers are entering a period of order delivery and inventory digestion. It is expected that the silicone market will operate weakly and steadily in the near future. Last week, DMC prices remained stable overall. The price of silicon metal remains stable, while the price of methanol has slightly fallen and the cost side has slightly decreased, making it difficult to provide support for market prices. Some downstream enterprises have not yet resumed work, and those that have started mainly digest their previous inventory, resulting in weak market inquiries and transactions. The current mainstream DMC quotation is 12600-13500 yuan/ton.

Market Overview: Last week, the Chinese gas-phase silica market operated steadily, and there was no adjustment in enterprise quotations. The price of raw material methyltrichlorosilane fluctuates at a low level; The price of silicon tetrachloride remains high. Last week, most of the silicon gas plants remained stable in operation, with a focus on delivering pre holiday orders; In the early stage of resuming work after the holiday, downstream enterprises started operating at a lower rate and had less demand for silicon gas, mainly consuming pre holiday inventory. In the short term, the price fluctuations of raw materials such as methyl and tetrachlorine are relatively small, and their impact on the market is limited. Gas silicon enterprises maintain stable production, and downstream consumption of inventory is temporarily the main factor. The supply-demand relationship is relaxed, and it is expected that gas silicon prices will remain stable.
Market Overview: Last week, the spot price of silicon metal remained stable. The Spring Festival holiday has just passed, and the market activity is low. There are few quotes from manufacturers and market inquiries, so all parties are watching and waiting. On the supply side, during the Spring Festival, metal silicon manufacturers maintained stable production, with the north being the main supplier and the south being in a dry season with low production levels and lower than the same period in previous years. The overall production in January decreased compared to December, with little change in output. On the demand side, most of the organic silicon monomer factories are operating normally, resulting in an increase in production and a slight increase in demand for metallic silicon; The overall operating rate of polycrystalline silicon and aluminum alloy enterprises has slightly declined, resulting in a slight decrease in demand for metallic silicon. Although the reduction in supply has eased some inventory pressure, the current inventory is still high and difficult to dispose of. Major factories in the north plan to resume production or increase output after the holiday, but there is no significant increase in demand, and prices lack upward momentum. It is expected that the short-term trend will continue to be dominated by bottom fluctuations.
The price of polycrystalline silicon market remained stable this week. Polycrystalline silicon enterprises are executing pre orders as usual, and post year orders are still under negotiation. At present, downstream silicon wafer companies have raised their production expectations, and the demand for polycrystalline silicon is steadily increasing. The growth in silicon wafer production scheduling poses a risk of being converted into inventory, making it difficult to maintain prices in the short term. The acceptance of the continuous rise in raw material polysilicon prices is weak. After the holiday, a new round of orders will be signed in the polycrystalline silicon sector, and it is expected that prices will remain stable in the short term. At present, the selling price of polycrystalline silicon is not economically feasible for some companies that have already stopped production to resume production. The vast majority of in production enterprises actively fulfill industry self-discipline agreements, and the supply and demand relationship of polycrystalline silicon is gradually transitioning towards balance, greatly alleviating inventory pressure. It is expected that polycrystalline silicon prices will continue to have a long-term positive trend in the first half of the year.