Recently, the supply-demand imbalance in the industrial silicon market has further intensified, with prices showing a low volatility trend. On the supply side, during the Spring Festival, major factories in Northwest China resumed some production capacity, and in February, several large silicon factories planned to increase production slightly, resulting in an overall increase in production capacity. However, downstream demand has not fully recovered, polysilicon prices have remained stable, market transactions have tended to be flat, and the demand for industrial silicon procurement is average.
As a result, industrial silicon enterprises are facing significant inventory pressure, and the situation of oversupply is becoming increasingly apparent. Recently, the futures market has continued to decline, contract prices have been continuously decreasing, and the spot market has also shown a weak and stable trend. The quotation for 421 # metal silicon fluctuates between 11400-12450 yuan/ton.

Looking ahead, with downstream enterprises resuming work comprehensively, market demand is expected to gradually recover. However, in the current context of overcapacity, the price of industrial silicon market will still face significant pressure. It is expected that market prices will continue to fluctuate at a low level in the short term, and companies need to closely monitor market dynamics and flexibly adjust production and sales strategies.
At the same time, the silicone market is also showing a certain upward trend. With the increasing production reduction and price protection efforts of individual factories and the gradual recovery of downstream demand, the prices of organic silicon products such as DMC are expected to continue to rise. However, due to the complex and volatile economic environment, the long-term sluggish market has led to insufficient market confidence, so the actual pursuit of price increases and stocking up are still relatively cautious.